NOKIA CORP | CIK:0000924613 |

EURm

Net sales

 –

 –

1 075

Cost of sales

 –

 –

(244)

Gross profit

 –

 –

831

Research and development expenses

 –

 –

(498)

Selling, general and administrative expenses

(7)

(11)

(213)

Other income and expenses

(15)

(4)

(23)

Operating (loss)/profit

(22)

(15)

97

Financial income and expenses

 6

14

(9)

(Loss)/profit before tax

(16)

(1)

88

Income tax (expense)/benefit

(10)

(28)

 8

(Loss)/profit for the year, ordinary activities

(26)

(29)

96

Gain on the sale, net of tax(2)

 5

14

1 178

(Loss)/profit for the year

(21)

(15)

1 274

(1)

Results of Discontinued operations include the results of the HERE business and the D&S business, the disposals of which were completed on December 4, 2015 and April 25, 2014, respectively. In 2013, the tax authorities in India commenced an investigation into withholding tax in respect of payments by Nokia India Private Limited to Nokia Corporation for the supply of operating software.

(2)

In 2017, an additional gain on the sale of EUR 5 million was recognized related to the HERE business due to a tax indemnification. In 2016, an additional gain on the sale of EUR 7 million was recognized related to the HERE business as a result of the final settlement of the purchase price, and EUR 7 million related to the D&S business due to a tax indemnification.

EURm

Net cash (used in)/from operating activities

(14)

(10)

 6

Net cash (used in)/from investing activities

(16)

 3

2 553

Net cash flow for the period

(30)

(7)

2 559