Nokia 2014 Annual Report Download - page 47

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ab
o
rative
Board review
NOKIA IN 2014 45NOKIA IN 2014
Contents
Results of operations 47
Continuing operations 47
Discontinued operations 52
Results of segments 54
Nokia Networks 54
HERE 59
Nokia Technologies 62
Group Common Functions 63
Liquidity and capital resources 64
Financial position 64
Cash ow 64
Financial assets and debt 64
Capital structure optimizationprogram 65
Structured nance 65
Venture fund investments andcommitments 65
Main events in 2014 66
Nokia Corporation and Grouphighlights 66
Nokia Networks operatinghighlights 67
HERE operating highlights 68
Nokia Technologies operatinghighlights 69
Board of Directors and management 70
Sustainability and corporate responsibility at Nokia 72
Respecting people in everything we do 72
Protecting the environment 72
Improving people’s lives withtechnology 73
Making change happen together 73
Reporting on our performance 73
Employees 73
Shares and share capital 74
Dividend 74
Nokia’s outlook 75
Risk factors 76
Risks relating to Nokia 76
Risks related specically to Nokia Networks 77
Risks related specically to HERE 77
Risks related specically to Nokia Technologies 77