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NOKIA IN 2013
72
Non-
Primary Parent Group controlling
Country of incorporation nature of holding majority interests
and place of business business % % %
Continuing Nokia Group companies
Nokia Solutions and Networks B.V. TheHague,Netherlands Holding company — 100.00 1 —
Nokia Solutions and Networks Oy Helsinki, Finland Sales and manu-
facturing company — 100.00 —
Nokia Solutions and
Networks US LLC Delaware, USA Sales company — 100.00 —
Nokia Solutions and
Networks Japan Corp. Tokyo, Japan Sales company — 100.00 —
Nokia Solutions and
Networks India Private Limited New Delhi, India Sales and manu-
facturing company — 100.00 —
Nokia Solutions and Networks
System Technology (Beijing) Co., Ltd. Beijing, China Sales company — 100.00 —
Nokia Solutions and
Networks Branch Operations Oy Helsinki, Finland Sales company — 100.00 —
Nokia Solutions and
Networks Korea Ltd. Seoul, South Korea Sales company — 100.00 —
Nokia Solutions and Networks
do Brasil Telecomunicações Ltda. Sao Paolo, Brazil Sales company — 100.00 —
Nokia Solutions and Networks
Technology Service Co., Ltd. Beijing, China Sales company — 100.00 —
HERE Holding Corporation Delaware, USA Holding company — 100.00 —
HERE Global B.V. Veldhoven, Netherlands Holding company 1.45 100.00 —
HERE Europe B.V. Veldhoven, Netherlands Holding company — 100.00 —
HERE North America LLC Delaware, USA Sales and develoment
company — 100.00 —
Nokia Gate5 GmbH/HERE
Deutschland GmbH Berlin, Germany Development — 100.00 —
Nokia Finance International B.V. Haarlem, Netherlands Holding and fi nance
company 100.00 100.00
Discontinued Nokia Group companies
Nokia Sales International Oy Helsinki, Finland Sales company 100.00 100.00 —
Nokia India Pvt Ltd New Delhi, India Manufacturing company 99.99 100.00 —
Nokia India Sales Pvt Limited New Delhi, India Sales company — 100.00 —
OOO Nokia Moscow, Russia Sales company 100.00 100.00 —
Nokia (China) Investment Co., Ltd Beijing, China Sales and holding
company 100.00 100.00 —
Nokia Telecommunications Ltd Beijing, China Manufacturing company 4.50 83.90 16.10
Nokia Inc. Delaware, USA Sales company — 100.00 —
Nokia UK Limited London, UK Sales company — 100.00 —
Nokia do Brasil Tecnologia Ltda Manaus, Brasil Manufacturing company — 100.00 —
Nokia TMC Limited Masan, South Korea Manufacturing company 100.00 100.00 —
Nokia (Thailand) Ltd Bangkok, Thailand Sales company — 100.00 —
In , Nokia acquired the remaining % of Nokia Siemens Networks B.V.,
the ultimate parent of the NSN business. By that, the parent entity of NSN
became fully owned subsidiary of Nokia.
A complete list of subsidiaries and associated companies is
included in Nokia’s Statutory Accounts.
35. RISK MANAGEMENT
General risk management principles
Nokia has a common and systematic approach to risk manage-
ment across business operations and processes. Material
risks and opportunities are identifi ed, analyzed, managed
and monitored as part of business performance management.
Relevant key risks are identifi ed against business targets
either in business operations or as an integral part of long and
short-term planning. Nokia’s overall risk management concept
34. PRINCIPAL NOKIA GROUP COMPANIES
AT DECEMBER 31, 2013