Nokia 2011 Annual Report Download - page 278
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There were no loans made to the members of the Nokia Leadership Team and the Board of Directors
at December 31, 2011, 2010 or 2009, respectively.
2011 2010 2009
EURm EURm EURm
Transactions with associated companies
Share of results of associated companies .............. (23) 1 30
Dividend income .................................. — 1 0
Share of shareholders’ equity of associated companies . . . 47 61 35
Sales to associated companies ...................... 37 15 8
Purchases from associated companies ................ 91 186 211
Receivables from associated companies ............... — 3 2
Liabilities to associated companies ................... 14 22 31
Management compensation
The following table sets forth the salary and cash incentive information awarded and paid or payable
by the company to the Chief Executive Officer and President of Nokia Corporation for fiscal years
2009-2011 as well as the share-based compensation expense relating to equity-based awards,
expensed by the company.
2011 2010 2009
Base
Salary
Cash
incentive
payments
Share-based
compensation
Expense
Base
salary
Cash
incentive
payments
Share-based
compensation
expense
Base
salary
Cash
incentive
payments
Share-based
compensation
expense
EUR EUR EUR EUR EUR EUR EUR EUR EUR
Stephen Elop
President and
CEO ...........1020000 473070 2086351 280303 440137 67018 — — —
Total remuneration of the Nokia Leadership Team awarded for the fiscal years 2009-2011 was
EUR 8 396 423 in 2011 (EUR 9 009 253 in 2010 and EUR 10 723 777 in 2009), which consisted of
base salaries and cash incentive payments. Total share-based compensation expense relating to
equity-based awards expensed by the company was EUR 4 513 671 in 2011 (EUR 3 186 223 in 2010
and EUR 9 668 484 in 2009).
F-68