Nokia 2013 Annual Report Download - page 102

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NOKIA IN 2013
100
AUDITOR’S REPORT (TRANSLATION)
TO THE ANNUAL GENERAL MEETING OF
NOKIA CORPORATION
We have audited the accounting records, the fi nancial state-
ments, the review by the Board of Directors and the adminis-
tration of Nokia Corporation for the year ended  December
. The fi nancial statements comprise the consolidated
statement of fi nancial position, income statement, statement
of comprehensive income, statement of cash fl ows, statement
of changes in shareholders’ equity and notes to the consoli-
dated fi nancial statements, as well as the parent company’s
balance sheet, income statement, statement of cash fl ows and
notes to the fi nancial statements.
Responsibility of the Board of Directors and
the Managing Director
The Board of Directors and the Managing Director are respon-
sible for the preparation of consolidated fi nancial statements
that give a true and fair view in accordance with International
Financial Reporting Standards (IFRS) as adopted by the EU, as
well as for the preparation of fi nancial statements and the
review by the Board of Directors that give a true and fair view
in accordance with the laws and regulations governing the
preparation of the fi nancial statements and the review by
the Board of Directors in Finland. The Board of Directors is
responsible for the appropriate arrangement of the control
of the company’s accounts and fi nances, and the Managing
Director shall see to it that the accounts of the company are in
compliance with the law and that its fi nancial aff airs have been
arranged in a reliable manner.
Auditor’s Responsibility
Our responsibility is to express an opinion on the fi nancial
statements, on the consolidated fi nancial statements and on
the review by the Board of Directors based on our audit. The
Auditing Act requires that we comply with the requirements
of professional ethics. We conducted our audit in accordance
with good auditing practice in Finland. Good auditing practice
requires that we plan and perform the audit to obtain reason-
able assurance about whether the fi nancial statements and
the review by the Board of Directors are free from material
misstatement, and whether the members of the Board of
Directors of the parent company and the Managing Director
are guilty of an act or negligence which may result in liability
in damages towards the company or have violated the Limited
Liability Companies Act or the articles of association of the
company.
An audit involves performing procedures to obtain audit
evidence about the amounts and disclosures in the fi nancial
statements and the review by the Board of Directors. The
procedures selected depend on the auditor’s judgment, in-
cluding the assessment of the risks of material misstatement,
whether due to fraud or error. In making those risk assess-
ments, the auditor considers internal control relevant to the
entity’s preparation of the fi nancial statements and the review
by the Board of Directors that give a true and fair view in order
to design audit procedures that are appropriate in the circum-
stances, but not for the purpose of expressing an opinion on
the eff ectiveness of the company’s internal control. An audit
also includes evaluating the appropriateness of accounting
policies used and the reasonableness of accounting estimates
made by management, as well as evaluating the overall pres-
entation of the fi nancial statements and the review by the
Board of Directors.
We believe that the audit evidence we have obtained is suf-
fi cient and appropriate to provide a basis for our audit opinion.
Opinion on the Consolidated Financial
Statements
In our opinion, the consolidated fi nancial statements give
a true and fair view of the fi nancial position, fi nancial per-
formance, and cash fl ows of the group in accordance with
International Financial Reporting Standards (IFRS) as adopted
by the EU.
Opinion on the Company’s Financial Statements
and the Review by the Board of Directors
In our opinion, the fi nancial statements and the review by the
Board of Directors give a true and fair view of both the con-
solidated and the parent company’s fi nancial performance and
fi nancial position in accordance with the laws and regulations
governing the preparation of the fi nancial statements and the
review by the Board of Directors in Finland. The information
in the review by the Board of Directors is consistent with the
information in the fi nancial statements.
Other Opinions
We support that the fi nancial statements and the consoli-
dated fi nancial statements should be adopted. The proposal
by the Board of Directors regarding the use of profi t shown in
the balance sheet is in compliance with the Limited Liability
Companies Act. We support that the Members of the Board
of Directors and the Managing Director should be discharged
from liability for the fi nancial period audited by us.
Espoo,  April 
PricewaterhouseCoopers Oy
Authorised Public Accountants
Heikki Lassila
Authorised Public Account