Nokia 2011 Annual Report Download - page 4

TABLE OF CONTENTS
Page
INTRODUCTION AND USE OF CERTAIN TERMS ...................................... 4
FORWARD-LOOKING STATEMENTS ................................................ 5
PART I ................................................................ 8
ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS .......... 8
ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE .......................... 8
ITEM 3. KEY INFORMATION .................................................... 8
3A. Selected Financial Data .................................................. 8
3B. Capitalization and Indebtedness ........................................... 12
3C. Reasons for the Offer and Use of Proceeds .................................. 12
3D. Risk Factors ........................................................... 13
ITEM 4. INFORMATION ON THE COMPANY ....................................... 47
4A. History and Development of the Company ................................... 47
4B. Business Overview ...................................................... 50
4C. Organizational Structure ................................................. 85
4D. Property, Plants and Equipment ........................................... 85
ITEM 4A. UNRESOLVED STAFF COMMENTS ....................................... 86
ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS ................... 87
5A. Operating Results ....................................................... 87
5B. Liquidity and Capital Resources ........................................... 136
5C. Research and Development, Patents and Licenses ........................... 140
5D. Trends Information ...................................................... 141
5E. Off-Balance Sheet Arrangements .......................................... 141
5F. Tabular Disclosure of Contractual Obligations ................................ 141
ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES .................... 142
6A. Directors and Senior Management ......................................... 142
6B. Compensation .......................................................... 152
6C. Board Practices ........................................................ 168
6D. Employees ............................................................ 173
6E. Share Ownership ....................................................... 174
ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS ........... 184
7A. Major Shareholders ..................................................... 184
7B. Related Party Transactions ............................................... 184
7C. Interests of Experts and Counsel .......................................... 185
ITEM 8. FINANCIAL INFORMATION .............................................. 185
8A. Consolidated Statements and Other Financial Information ...................... 185
8B. Significant Changes ..................................................... 190
ITEM 9. THE OFFER AND LISTING ............................................... 190
9A. Offer and Listing Details .................................................. 190
9B. Plan of Distribution ...................................................... 191
9C. Markets ............................................................... 191
9D. Selling Shareholders .................................................... 191
9E. Dilution ............................................................... 191
9F. Expenses of the Issue ................................................... 192
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