Nokia 2015 Annual Report Download - page 209

207
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NOKIA IN 2015
14) our exposure to legislative frameworks and jurisdictions that
regulate fraud, economic trade sanctions and policies, and Alcatel
Lucent’s previous and current involvement in anti-corruption
allegations;
15) the potential complex tax issues, tax disputes and tax obligations
we may face in various jurisdictions, including the risk of
obligations to pay additional taxes;
16) our actual or anticipated performance, among other factors,
whichcould reduce our ability to utilize deferred tax assets;
17) our ability to retain, motivate, develop and recruit appropriately
skilled employees;
18) our ability to manage our manufacturing, service creation, delivery,
logistics and supply chain processes, and the risk related to our
geographically-concentrated production sites;
19) the impact of unfavorable outcome of litigation, arbitration,
agreement-related disputes or allegations of product liability
associated with our businesses;
20) exchange rate uctuations;
21) ineciencies, breaches, malfunctions ordisruptions of
information technologysystems;
22) our ability to optimize our capital structure as planned and
re-establish ourinvestment grade credit rating or otherwise
improve our credit ratings;
23) uncertainty related to the amount of dividends and equity return
we are able todistribute to shareholders for each nancial period;
24) our ability to achieve targeted benets from or successfully
implement planned transactions, as well as the liabilities
relatedthereto;
25) our involvement in joint ventures and jointly-managed companies;
26) performance failures by our partners orfailure to agree to
partnering arrangements with third parties;
27) our ability to manage and improve our nancial and operating
performance, costsavings, competitiveness and synergy benets
after the acquisition ofAlcatel Lucent;
28) adverse developments with respect tocustomer nancing
orextended payment terms we provide to customers;
29) the carrying amount of our goodwill may not be recoverable;
30) risks related to undersea infrastructure;
31) unexpected liabilities with respect to pension plans, insurance
matters and employees; and
32) unexpected liabilities or issues with respect to the acquisition
ofAlcatel Lucent, including pension, post-retirement, health
and life insurance and other employee liabilities or higher than
expected transaction costs, as well as the risk factors specied
on pages 70 and 71 of this annual report under “Operating and
nancial review and prospects—Risk factors”,
as well as in Nokia’s other lings with the U.S. Securities and Exchange
Commission. Other unknown or unpredictable factors or underlying
assumptions subsequently proven to be incorrect could cause
actual results todier materially from those in the forward-looking
statements. We do not undertake any obligation to publicly update
or revise forward-looking statements, whether as a result of new
information, future events or otherwise, except to the extent
legally required.
Introduction and use of certain terms
Nokia Corporation is a public limited liability company incorporated
under the laws of theRepublic of Finland. In this annual report,
anyreference to “we,” “us,” “theGroup” or “Nokia” means Nokia
Corporation and its subsidiaries on a consolidated basis and which
refers generally to Nokia’s Continuing operations, except where we
separately specify that the term means Nokia Corporation or a
particular subsidiary or business segment only or the Discontinued
operations, and except that references to “ourshares”, matters
relating toour shares ormatters of corporate governance refer
totheshares and corporategovernance of NokiaCorporation.
Nokia Corporation has published its consolidated nancial statements
in euro for periods beginning on or after January 1, 1999. In this
annual report, references to “EUR,” “euro” or “€” are tothe common
currency of the European Economic and Monetary Union, and
references to “dollars”, “US dollars”, “USD” or “$” are to thecurrency
of the United States.