Nokia 2011 Annual Report Download - page 6

Download and view the complete annual report

Please find page 6 of the 2011 Nokia annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 296

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232
  • 233
  • 234
  • 235
  • 236
  • 237
  • 238
  • 239
  • 240
  • 241
  • 242
  • 243
  • 244
  • 245
  • 246
  • 247
  • 248
  • 249
  • 250
  • 251
  • 252
  • 253
  • 254
  • 255
  • 256
  • 257
  • 258
  • 259
  • 260
  • 261
  • 262
  • 263
  • 264
  • 265
  • 266
  • 267
  • 268
  • 269
  • 270
  • 271
  • 272
  • 273
  • 274
  • 275
  • 276
  • 277
  • 278
  • 279
  • 280
  • 281
  • 282
  • 283
  • 284
  • 285
  • 286
  • 287
  • 288
  • 289
  • 290
  • 291
  • 292
  • 293
  • 294
  • 295
  • 296

INTRODUCTION AND USE OF CERTAIN TERMS
Nokia Corporation is a public limited liability company incorporated under the laws of the Republic of
Finland. In this document, any reference to “we,” “us,” “the Group” or “Nokia” means Nokia Corporation
and its subsidiaries on a consolidated basis, except where we make clear that the term means Nokia
Corporation or a particular subsidiary or business segment only, and except that references to “our
shares,” matters relating to our shares or matters of corporate governance refer to the shares and
corporate governance of Nokia Corporation. Nokia Corporation has published its consolidated financial
statements in euro for periods beginning on or after January 1, 1999. In this annual report on
Form 20-F, references to “EUR,” “euro” or “” are to the common currency of the European Economic
and Monetary Union, or EMU, and references to “dollars,” “US dollars,” “USD” or “$” are to the
currency of the United States. Solely for the convenience of the reader, this annual report contains
conversions of selected euro amounts into US dollars at specified rates, or, if not so specified, at the
rate of 1.2973 US dollars per euro, which was the noon buying rate in New York City for cable transfers
in euro as certified for customs purposes by the Federal Reserve Bank of New York on December 30,
2011. No representation is made that the amounts have been, could have been or could be converted
into US dollars at the rates indicated or at any other rates.
Our principal executive office is located at Keilalahdentie 4, P.O. Box 226, FI-00045 Nokia Group,
Espoo, Finland and our telephone number is +358 (0) 7 1800-8000.
Nokia Corporation furnishes Citibank, N.A., as Depositary, with consolidated financial statements and a
related audit opinion of our independent auditors annually. These financial statements are prepared on
the basis of International Financial Reporting Standards as issued by the International Accounting
Standards Board and in conformity with International Financial Reporting Standards as adopted by the
European Union (“IFRS”). In accordance with the rules and regulations of the US Securities and
Exchange Commission, or SEC, we do not provide a reconciliation of net income and shareholders’
equity in our consolidated financial statements to accounting principles generally accepted in the
United States, or US GAAP. We also furnish the Depositary with quarterly reports containing unaudited
financial information prepared on the basis of IFRS, as well as all notices of shareholders’ meetings
and other reports and communications that are made available generally to our shareholders. The
Depositary makes these notices, reports and communications available for inspection by record
holders of American Depositary Receipts, or ADRs, evidencing American Depositary Shares, or ADSs
(one ADS represents one share), and distributes to all record holders of ADRs notices of shareholders’
meetings received by the Depositary.
In addition to the materials delivered to holders of ADRs by the Depositary, holders can access our
consolidated financial statements, and other information included in our annual reports and proxy
materials, at www.nokia.com. This annual report on Form 20-F is also available at www.nokia.com as
well as on Citibank’s website at http://citibank.ar.wilink.com (enter “Nokia” in the Company Name
Search). Holders may also request a hard copy of this annual report by calling the toll-free number
1-877-NOKIA-ADR (1-877-665-4223), or by directing a written request to Citibank, N.A., Shareholder
Services, PO Box 43124, Providence, RI 02940-5140, or by calling Nokia Investor Relations at
+1 914 282 0145. With each annual distribution of our proxy materials, we offer our record holders of
ADRs the option of receiving all of these documents electronically in the future.
4