Nokia 2012 Annual Report Download - page 267

commitments. In consideration for Nokia’s contribution under the arrangement, the Group will also receive
quarterly platform support payments from Microsoft. Over the lifetime of the agreement the total amount of
the platform support payments is expected to slightly exceed the total amount of the minimum software
royalty commitments.
The Group is party to routine litigation incidental to the normal conduct of business, including, but not
limited to, several claims, suits and actions both initiated by third parties and initiated by Nokia relating
to infringements of patents, violations of licensing arrangements and other intellectual property related
matters, as well as actions with respect to products, contracts and securities. Based on the information
currently available, in the opinion of the management outcome of and liabilities in excess of what has
been provided for related to these or other proceedings, in the aggregate, are not likely to be material
to the financial condition or result of operations.
30. Leasing contracts
The Group leases office, manufacturing and warehouse space under various non-cancellable
operating leases. Certain contracts contain renewal options for various periods of time.
The future costs for non-cancellable leasing contracts are as follows:
Operating
leases
Leasing payments, EURm .......................................... 2013 238
2014 176
2015 130
2016 87
2017 68
Thereafter 309
Total 1 008
Rental expense amounted to EUR 508 in 2012 (EUR 457 million in 2011 and EUR 429 million in 2010).
31. Related party transactions
At December 31, 2012, the Group had borrowings amounting to EUR 69 million (EUR 69 million in
2011) from Nokia Unterstützungskasse GmbH, the Group’s German pension fund, which is a separate
legal entity. The loan bears interest at 6% annum and its duration is pending until further notice by the
loan counterparts who have the right to terminate the loan with a 90 day notice.
There were no loans granted to the members of the Nokia Leadership Team and the Board of
Directors at December 31, 2012, 2011 or 2010.
2012 2011 2010
EURm EURm EURm
Transactions with associated companies
Share of results of associated companies .............. (1) (23) 1
Dividend income .................................. — — 1
Share of shareholders’ equity of associated companies . . . 46 47 61
Sales to associated companies ...................... 12 37 15
Purchases from associated companies ................ 150 91 186
Receivables from associated companies ............... 1 — 3
Liabilities to associated companies ................... 32 14 22
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