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Form 20-F
NOKIA CORP filed this Form 20-F on 03/07/2013
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Subdocument 1 - 20-F - FORM 20-F
Page 1 - As filed with the Securities and Exchange Commission on March 7, 2013.
Page 2 - TABLE OF CONTENTS
Page 3 - N/A
Page 4 - INTRODUCTION AND USE OF CERTAIN TERMS
Page 5 - FORWARD-LOOKING STATEMENTS
Page 6 - N/A
Page 7 - N/A
Page 8 - PART I
Page 9 - N/A
Page 10 - Distribution of Earnings
Page 11 - Exchange Rate Data
Page 12 - 3D. Risk Factors
Page 13 - N/A
Page 14 - Our success in the smartphone market depends on our ability to introduce and bring to market quantit
Page 15 - We may not be able to produce attractive and competitive devices in our Mobile Phones business unit,
Page 16 - N/A
Page 17 - Our strategy for our HERE business includes various risks and uncertainties and may not succeed if w
Page 18 - Our products include numerous patented standardized or proprietary technologies on which we depend a
Page 19 - We face intense competition in mobile products and in the digital map data and related location-base
Page 20 - N/A
Page 21 - N/A
Page 22 - Our failure to keep momentum and increase our speed of innovation, product development and execution
Page 23 - Our partnership with Microsoft is subject to risks and uncertainties.
Page 24 - We may not be able to effectively and smoothly implement the planned changes in operational structur
Page 25 - N/A
Page 26 - Our sales and profitability are dependent on the development of the mobile and communications indust
Page 27 - N/A
Page 28 - Our ability to maintain and leverage our traditional strengths in the mobile products market may be
Page 29 - If the limited number of suppliers we depend on fail to deliver sufficient quantities of fully funct
Page 30 - We may fail to manage our manufacturing, service creation and delivery as well as our logistics effi
Page 31 - Any actual or even alleged defects or other quality, safety and security issues in our products, inc
Page 32 - N/A
Page 33 - Our operations rely on the efficient and uninterrupted operation of complex and centralized informat
Page 34 - Our business and results of operations, particularly our profitability, may be materially adversely
Page 35 - We have operations in a number of countries and, as a result, face complex tax issues and could be o
Page 36 - Our products include increasingly complex technologies, some of which have been developed by us or l
Page 37 - Our sales derived from, and manufacturing facilities and assets located in, emerging market countrie
Page 38 - Changes in various types of regulation, technical standards and trade policies as well as enforcemen
Page 39 - An unfavorable outcome of litigation could have a material adverse effect on our business, results o
Page 40 - Allegations of possible health risks from the electromagnetic fields generated by base stations and
Page 41 - Competition in the mobile broadband infrastructure and related services market is intense. Nokia Sie
Page 42 - Nokia Siemens Networks restructuring plan to improve financial performance and competitiveness may n
Page 43 - Nokia Siemens Networks may fail to effectively and profitably invest in new competitive products, se
Page 44 - Nokia Siemens Networks mobile broadband infrastructure and related services business is dependent on
Page 45 - Nokia Siemens Networks may be adversely affected by customer financing or extending payment terms it
Page 46 - Some of the Siemens carrier-related operations transferred to Nokia Siemens Networks have been and c
Page 47 - 4A. History and Development of the Company
Page 48 - N/A
Page 49 - Organizational Structure and Reportable Segments
Page 50 - 4B. Business Overview
Page 51 - N/A
Page 52 - Segment overview
Page 53 - N/A
Page 54 - Mobile Phones
Page 55 - Technology Research
Page 56 - Production of mobile devices
Page 57 - Strategic sourcing and partnering
Page 58 - Competition
Page 59 - N/A
Page 60 - HERE (formerly Location Commerce)
Page 61 - Applications
Page 62 - Patents and licenses
Page 63 - Nokia Siemens Networks
Page 64 - Quality
Page 65 - Non-core businesses, divestments and portfolio management
Page 66 - Sales and marketing
Page 67 - Competition
Page 68 - Seasonality Devices Services, HERE and Nokia Siemens Networks
Page 69 - Disclosure pursuant to Section 219 of the Iran Threat Reduction and Syria Human Rights Act of 2012 (
Page 70 - Government Regulation: Devices Services, HERE and Nokia Siemens Networks
Page 71 - Corporate Responsibility: Nokia
Page 72 - Education
Page 73 - Diversity and inclusion
Page 74 - Labor Conditions at manufacturing facilities
Page 75 - Product safety
Page 76 - Reporting eco performance of our mobile products
Page 77 - Business travel.
Page 78 - Environmental management systems (EMS)
Page 79 - Nokia Siemens Networks Code of Conduct.
Page 80 - Reducing our environmental impact.
Page 81 - 4D. Property, Plants and Equipment
Page 82 - N/A
Page 83 - Principal Factors Trends Affecting our Results of Operations
Page 84 - Microsoft Partnership
Page 85 - Continued Convergence of the Mobile Communications, Computing, Consumer Electronics and Internet Ind
Page 86 - Importance of Competing on an Ecosystem to Ecosystem Basis
Page 87 - Pervasiveness of Smartphones and Smartphone-like Experiences Across the Price Spectrum
Page 88 - Emergence of New Business Models
Page 89 - Speed of Innovation, Product Development and Execution
Page 90 - Location-Based Products and Services Proliferation
Page 91 - Emergence of the Intelligent Sensor Network
Page 92 - Nokia Siemens Networks
Page 93 - Mobility and Data Usage
Page 94 - Strategy and Restructuring Program
Page 95 - Targets and Priorities
Page 96 - Certain Other Factors
Page 97 - Seasonality
Page 98 - Critical Accounting Policies
Page 99 - Customer Financing
Page 100 - Inventory-related Allowances
Page 101 - Legal Contingencies
Page 102 - N/A
Page 103 - N/A
Page 104 - Fair Value of Derivatives and Other Financial Instruments
Page 105 - Pensions
Page 106 - Results of Operations
Page 107 - Gross Margin
Page 108 - Operating Margin
Page 109 - Results by Segments
Page 110 - Volume
Page 111 - Gross Margin
Page 112 - Operating Margin
Page 113 - Mobile Phones
Page 114 - Net Sales
Page 115 - Operating Margin
Page 116 - Net Sales
Page 117 - Strategy and Restructuring Program
Page 118 - Gross Margin
Page 119 - Operating Margin
Page 120 - Profit Attributable to Equity Holders of the Parent and Earnings per Share
Page 121 - Volume
Page 122 - Gross Margin
Page 123 - Smart Devices
Page 124 - Mobile Phones
Page 125 - Gross Margin
Page 126 - Gross Margin
Page 127 - Nokia Siemens Networks
Page 128 - Operating Expenses
Page 129 - N/A
Page 130 - N/A
Page 131 - Structured Finance
Page 132 - Contingent Commitments Expiration Per Period
Page 133 - 5D. Trends Information
Page 134 - Chairman of the Board of Directors of Nokia Corporation. Board member since 2008. Chairman since 201
Page 135 - Board member since 2007. Chairman of the Personnel Committee. Member of the Corporate Governance and
Page 136 - Director of Advanced Research of L Or al Group. Board member since 2009. Member of the Audit Committ
Page 137 - Proposal of the Corporate Governance and Nomination Committee for Composition of the Board of Direct
Page 138 - Nokia Leadership Team
Page 139 - N/A
Page 140 - N/A
Page 141 - N/A
Page 142 - 6B. Compensation
Page 143 - Remuneration of the Board of Directors in 2012
Page 144 - Proposal by the Corporate Governance and Nomination Committee for Remuneration to the Board of Direc
Page 145 - Executive Compensation Philosophy, Programs and Decision-Making Process
Page 146 - Components of Executive Compensation
Page 147 - Short-Term Incentive as a % of Annual Base Salary in 2012
Page 148 - Long-Term Equity-Based Incentives
Page 149 - N/A
Page 150 - Pension Arrangements for the Members of the Nokia Leadership Team
Page 151 - Aggregate Cash Compensation to the Nokia Leadership Team for 2012(1)
Page 152 - Summary Compensation Table 2012
Page 153 - N/A
Page 154 - Equity Grants in 2012(1)
Page 155 - Equity-Based Incentive Programs
Page 156 - Stock Options
Page 157 - Restricted Shares
Page 158 - Performance Shares
Page 159 - Employee Share Purchase Plan
Page 160 - N/A
Page 161 - N/A
Page 162 - www.nokia.com/global/about-nokia.
Page 163 - The Personnel Committee
Page 164 - The Corporate Governance and Nomination Committee
Page 165 - 6D. Employees
Page 166 - Share Ownership of the Board of Directors
Page 167 - N/A
Page 168 - Stock Option Ownership of the Nokia Leadership Team
Page 169 - N/A
Page 170 - N/A
Page 171 - Performance Shares and Restricted Shares of the Nokia Leadership Team
Page 172 - N/A
Page 173 - N/A
Page 174 - Stock Option Exercises and Settlement of Shares
Page 175 - Share Ownership Guidelines for Executive Management
Page 176 - 7C. Interests of Experts and Counsel
Page 177 - IPCom
Page 178 - HTC
Page 179 - Securities Litigation ERISA
Page 180 - Agreement Related Litigation
Page 181 - Antitrust Litigation
Page 182 - 8A8. Dividend Policy
Page 183 - 9B. Plan of Distribution
Page 184 - 10B. Memorandum and Articles of Association
Page 185 - Disclosure of Shareholder Ownership or Voting Power
Page 186 - Pre-Emptive Rights
Page 187 - US and Finnish Taxation of Cash Dividends
Page 188 - N/A
Page 189 - Finnish Withholding Taxes on Nominee Registered Shares
Page 190 - Finnish Transfer Tax
Page 191 - 10I. Subsidiary Information
Page 192 - 12D.4 Depositary Payments for 2012
Page 193 - Attestation Report of the Registered Public Accounting Firm.
Page 194 - Audit Committee Pre-Approval Policies and Procedures
Page 195 - www.cgfinland.fi
Page 196 - N/A
Page 197 - GLOSSARY OF TERMS
Page 198 - Core network:
Page 199 - IPTV (Internet Protocol television):
Page 200 - Smartphone:
Page 201 - Report of Independent Registered Public Accounting Firm
Page 202 - Nokia Corporation and Subsidiaries
Page 203 - Nokia Corporation and Subsidiaries
Page 204 - Nokia Corporation and Subsidiaries
Page 205 - Nokia Corporation and Subsidiaries
Page 206 - Nokia Corporation and Subsidiaries
Page 207 - Nokia Corporation and Subsidiaries
Page 208 - Nokia Corporation and Subsidiaries
Page 209 - Basis of presentation
Page 210 - Principles of consolidation
Page 211 - Disposals of separate entities or businesses
Page 212 - Revenue recognition
Page 213 - Other intangible assets
Page 214 - Property, plant and equipment
Page 215 - Investments at fair value through profit and loss, liquid assets
Page 216 - Loans receivable
Page 217 - Derivatives not designated in hedge accounting relationships carried at fair value through profit an
Page 218 - Cash flow hedges: Hedging of foreign currency risk of highly probable business acquisitions and othe
Page 219 - Income taxes
Page 220 - Intellectual property rights (IPR) provisions
Page 221 - Dividends
Page 222 - Customer financing
Page 223 - Restructuring provisions
Page 224 - Pensions
Page 225 - Employee Benefits
Page 226 - N/A
Page 227 - N/A
Page 228 - N/A
Page 229 - N/A
Page 230 - N/A
Page 231 - N/A
Page 232 - N/A
Page 233 - N/A
Page 234 - N/A
Page 235 - Goodwill
Page 236 - N/A
Page 237 - Other intangible assets
Page 238 - Acquisitions completed in 2011
Page 239 - N/A
Page 240 - N/A
Page 241 - N/A
Page 242 - N/A
Page 243 - N/A
Page 244 - N/A
Page 245 - N/A
Page 246 - N/A
Page 247 - N/A
Page 248 - N/A
Page 249 - N/A
Page 250 - N/A
Page 251 - N/A
Page 252 - N/A
Page 253 - Nokia shares and shareholders
Page 254 - Stock options
Page 255 - N/A
Page 256 - Total stock options outstanding as at December 31, 2012(1)
Page 257 - Performance shares
Page 258 - Performance Shares Outstanding as at December 31, 2012(1)
Page 259 - Restricted shares
Page 260 - Other equity plans for employees
Page 261 - N/A
Page 262 - N/A
Page 263 - N/A
Page 264 - N/A
Page 265 - N/A
Page 266 - N/A
Page 267 - Management compensation
Page 268 - Pension arrangements of certain Nokia Leadership Team Members
Page 269 - Termination benefits of the President and CEO
Page 270 - N/A
Page 271 - General risk management principles
Page 272 - Financial risks
Page 273 - N/A
Page 274 - Interest rate risk
Page 275 - Equity price risk
Page 276 - Financial Credit Risk
Page 277 - N/A
Page 278 - (c) Liquidity Risk
Page 279 - N/A
Page 280 - N/A
Page 281 - Hazard risk
Page 282 - SIGNATURES
Subdocument 2 - EX-8 - EXHIBIT 8
Page 1 - Exhibit 8
Subdocument 3 - EX-12.1 - EXHIBIT 12.1
Page 1 - Exhibit 12.1
Subdocument 4 - EX-12.2 - EXHIBIT 12.2
Page 1 - Exhibit 12.2
Subdocument 5 - EX-13 - EXHIBIT 13
Page 1 - Exhibit 13
Subdocument 6 - EX-15.(A) - EXHIBIT 15.(A)
Page 1 - Exhibit 15.(a)