Nokia 2013 Annual Report Download - page 61

59
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Translation Net investment Translation
diff erences hedging diff erencestotal
EURm Gross Tax Net Gross Tax Net Gross Tax Net
Balance at December31, 2010 944 4 948 – 174 51 – 123 770 55 825
Translation diff erences:
Currency translation diff erences 17 — 17 — — — 17 — 17
Transfer to profi t and loss (fi nancial income and expense) – 8 — – 8 — — — – 8 — – 8
Net investment hedging:
Net investment hedging gains (+)/losses (–) — — — – 37 9 – 28 – 37 9 – 28
Transfer to profi t and loss (fi nancial income and expense) — — — — — — — — —
Movements attributable to non-controlling interests – 35 — – 35 — — — – 35 — – 35
Balance at December31, 2011 918 4 922 – 211 60 – 151 707 64 771
Translation diff erences:
Currency translation diff erences 42 – 1 41 — — — 42 – 1 41
Transfer to profi t and loss (fi nancial income and expense) – 1 — – 1 — — — – 1 — – 1
Net investment hedging:
Net investment hedging gains (+)/losses (–) — — — – 58 – 9 – 67 – 58 – 9 – 67
Transfer to profi t and loss (fi nancial income and expense) — — — — — — — — —
Movements attributable to non-controlling interests 2 — 2 — — — 2 — 2
Balance at December31, 2012 961 3 964 – 269 51 – 218 692 54 746
Translation diff erences:
Currency translation diff erences – 496 — – 496 — — — – 496 — – 496
Transfer to profi t and loss (fi nancial income and expense) — — — — — — — — —
Net investment hedging:
Net investment hedging gains (+)/losses (–) — — — 114 — 114 114 — 114
Transfer to profi t and loss (fi nancial income and expense) — — — — — — — — —
Acquisition of non-controlling interest 42 — 42 — — — 42 — 42
Movements attributable to non-controlling interests 28 — 28 — — — 28 — 28
Balance at December31, 2013 535 3 538 – 155 51 – 104 380 54 434
23. TRANSLATION DIFFERENCES
24. THE SHARES OF THE PARENT COMPANY
Nokia shares and shareholders
SHARES AND SHARE CAPITAL
Nokia has one class of shares. Each Nokia share entitles the
holder to one vote at General Meetings of Nokia.
On December , , the share capital of Nokia Corpora-
tion was EUR   . and the total number of shares
issued was    .
On December , , the total number of shares included
   shares owned by Group companies representing
approximately .% of the share capital and the total voting
rights.
Under the Articles of Association of Nokia, Nokia Corpora-
tion does not have minimum or maximum share capital or a par
value of a share.
Authorizations
AUTHORIZATION TO INCREASE THE SHARE CAPITAL
At the Annual General Meeting held on May , , Nokia
shareholders authorized the Board of Directors to issue a
maximum of  million shares through one or more issues
of shares or special rights entitling to shares, including stock
options. The Board of Directors may issue either new shares
or shares held by the Parent Company. The authorization
includes the right for the Board to resolve on all the terms
and conditions of such issuances of shares and special rights,
including to whom the shares and the special rights may be
issued. The authorization may be used to develop the Parent
Company’s capital structure, diversify the shareholder base,
fi nance or carry out acquisitions or other arrangements, settle
the Parent Company’s equity-based incentive plans, or for
other purposes resolved by the Board. This authorization
would have been eff ective until June,  as per the reso-
lution of the Annual General Meeting on May , , but it was