BCTC Q3 2012

INTERIM REPORT 1(36) Nokia Corporation October 18, 2012 at 13:00 (CET +1) Nokia Corporation Q3 2012 Interim Report FINANCIAL AND OPERATING HIGHLIGHTS Nokia Group non-IFRS EPS in Q3 2012 of EUR -0.07, reported EPS EUR -0.26 - Nokia Group achieves operating profitability on an underlying basis, with Q3 non-IFRS operating margin of 1.1%. - Nokia Siemens Networks non-IFRS operating margin significantly improved quarter-on-quarter and year-on- year to 9.2% in Q3; company executing well on restructuring and strategy that focuses on key markets and product segments. - Devices & Services Q3 non-IFRS operating margin improved quarter-on-quarter to negative 7.4%. - Nokia Group ended Q3 with gross cash of EUR 8.8 billion and net cash of EUR 3.6 billion. - Nokia Group Q3 net cash from operating activities of negative EUR 429 million, including cash outflows related to restructuring activities of approximately EUR 390 million. Nokia Group net sales in Q3 2012 were EUR 7.2 billion, down from EUR 7.5 billion in Q2 2012 - Nokia Siemens Networks net sales increased quarter-on-quarter and year-on-year to EUR 3.5 billion. - Lumia Q3 volumes decreased quarter-on-quarter to 2.9 million units, as we shared the exciting innovation ahead with our new line of Lumia products. - Mobile Phones Q3 volumes increased quarter-on-quarter to 77 million units; strong sales start for new Asha full touch smartphones, with volumes of 6.5 million units. Commenting on the Q3 results, Stephen Elop, Nokia CEO, said: “As we expected, Q3 was a difficult quarter in our Devices & Services business; however, we are pleased that we shifted Nokia Group to operating profitability on a non-IFRS basis. In Q3, we continued to manage through a tough transitional quarter for our smart devices business as we shared the exciting innovation ahead with our new line of Lumia products. In our mobile phones business, the positive consumer response to our new Asha full touch smartphones translated into strong sales. And in Q3, our mobile phones business delivered a solid quarter with sequential sales growth and improved contribution margin. In Location & Commerce, we made progress establishing our platform offering with customers like Amazon. This is in line with our plan to expand our location offering to more customers. And, Nokia Siemens Networks had a remarkable quarter in which we achieved record profitability on a non-IFRS basis and the Nokia Siemens Networks cash balance increased for the fourth quarter in a row. While we continue to focus on transitioning Nokia, we are determined to carefully manage our financial resources, improve our competitiveness, return our Devices & Services business to positive operating cash flow as quickly as possible, and ultimately provide more value to our shareholders.” INTERIM REPORT 2(36) Nokia Corporation October 18, 2012 at 13:00 (CET +1) SUMMARY FINANCIAL INFORMATION Reported and Non-IFRS third quarter 2012 results 1,2,3 EUR million Q3/2012 Q3/2011 YoY Change Q2/2012 QoQ Change Nokia Net sales 7 239 8 980 -19% 7 542 -4% Operating profit -576 -71 -826 Operating profit (non-IFRS) 78 252 -69% -327 Operating margin % -8.0% -0.8% -11.0% Operating margin % (non-IFRS) 1.1% 2.8% -4.3% EPS, EUR diluted -0.26 -0.02 -0.38 EPS, EUR diluted (non-IFRS) 4 -0.07 0.03 -0.08 Net cash from operating activities -429 852 102 Net cash and other liquid assets 5 3 564 5 067 -30% 4 197 -15% Devices & Services 6 Net sales 3 563 5 392 -34% 4 023 -11% Smart Devices net sales 976 2 194 -56% 1 T!P I>OAN xA.NG DAu VI~T NAM CONG TY CP xAY LAp III PETROLIMEX Dia chi: 232 NguySn T~t Thanh, PI3, Q4, TPHCM PETROLIMEX BAo cAo TAl CHINH Nam2012 Tit 0110112012 din 3010912012 - Bang cftn d6i ke'toan MAu s6 B I - DN - Ke't qua ho~t dQng kinh doanh MAu s6B02 - DN - LUll chuy~n ti~n t~ MAu s6B03 - DN - Thuye't minh bao cao tai chfnh MAu s6B09 - DN - Mii s6 thue' : Noi nh~n bao cao : - Thang 11 nam 2012 ­ TAp DoAN xANG DAu vn~;T NAM Mau s6 B 01·DN CONG TY CP xA Y LAP III PETROLIMEX (Ban hanh kern theo QD s615/2006/QD-BTC Dja chi: 232 NguySn T§t Thanh, P13, Q4, TPHCM 20/03/2006 ella BQ tn,ang BTC) ? A '" , , , BANG CAN DOl KE TOAN Ni'im 2012 T~i : 30/09/2012 Don vi tinh: VND THUY~T MINH TENCHiTIEU MAS6 100 110 1.Tien 111 V.01 Cae khoan tuang duang tien 112 IT Cae khoan d~u tu tai ehinh ngan h~n 120 A TAl sAN NGAN HAN (100 =110+120+130+140+150) I Tien va eae khoan tuong duong tien Dau tu ngim h~n 121 2.Dlf phong giam gia dau tu ng~n h~n 129 h~n NAMTRU'(JC NAMNAY 151,429,212,178 2,732,543,345 215,995,396,619 14,417,019,979 2,732,543,345 8,422,625,565 V.02 5,994,394,414 31,133,548,100 30,607,602,100 31,802,268,900 31,276,322,900 (668,720,800) (668,720,800) 130 25,375,229,842 58,127,416,790 Phai thu eua khach hang 131 15,107,213,427 26,666,760,325 Tra truac cho ngum ban 132 11,984,635,308 32,853,552,821 Phai thu n(>i b(> ngAn h;;tn 133 4.Phai thu thea tie'n d¢ ke' ho~eh hqp d6ng 134 Cae khoan phai thu khae 135 Dlf phong phai thu kh6 doi ITI Cae khoan phai thu ngan - V.03 -_.-.­ 2,020,023,783 2,332,731,434 139 (3,736,642,676) (3,725,627,790) IV Hang ton kho 140 80,612,524,156 105,386,224,700 Hang t6n kho 141 80,612,524,156 105,386,224,700 Dlf phong giam gia hang t6n kho 149 V Tai san ngan h~n khae Chi phi tra truae ng~n h~n Time' GTGT duQ'c khau tru V.04 - - 150 11,575,366,735 151 511,349,742 152 868,826,706 7,457,133,050 80,903,403 - - - - - - ­ Time' va cac khoan khac phai thu Nha nu6'c 154 Tai san ng~n 158 10,190,943,747 7,376,229,647 200 210 98,450,392,280 100,835,429,042 h~n khae B.TAI sAN nAI H~N (200)= 210+220+240+250+260 I Cae khoan phai thu dai h~n Phai thu dai h;;tn eua khaeh hang 212 Phai thu n(>i b(> dai h~n 213 _:_ -~f - - - - ­ Phai thu dai h~n khae Dlf phong phai thu dai - ­ _ h~n -­ ~- V.06 IT Tili san eo djnh TSCD hiiu hlnh -­ _._. ._ -._­ - ­ - Nguyen gia -._ ­ - Gia tri hao mon luy ke _ -"­ ­ _ _ -­ -­ - - - - - - _ _ -­ -­ ~ -, ­ -. ­ -_._~ -­ - - - - -­ 222 ­ 223 ­ - ­ ­ 220 ­ -~t 35,497,514,154 V.08 -_.-­ ­ -­ ~ ­ - ~- - 219 ­ 221 _.­ V.07 ~ khO doi _ -_ -­ 218 - -~~_._ _.~ -­ - 4,246,540 211 V6n kinh doanh a dan vi true thUDC -­ V.05 - - 38,193,264,698 -. ­ 34,066,270,505 _._- - 36,440,918,148 ­ 54,575,242,279 52,674,303,050 _. -­ _._ -~ (20,508,971,774) _­ _ - _. - (16,233,384,902) " -­ 113 Tl!:N cHi TIl!:U MASO THUYET MINH TSCD thu~ tai chinh 224 V.09 - Nguy~n gia 225 - Gili tIi hao mon luy ke TSCD vo hlnh 226 227 - Nguy~n gia 228 - Gia tr! hao mon luy ke 229 4.Chi phi XDCB db dang III Bat dQng san d~u tu 230 V.II 240 V.12 - Nguy~n gia 241 252,156,600 252,156,600 - Gia tr! hao mon luy ke 242 (87,414,288) (74,806,458) IV Cae khoan d~u tu tai ehinh dai h~n 250 Dau tu van cong ty 251 Dau tu van cong ty lien ket, lien doanh 252 Dau tu dai hi;ln khac Dl1 phong giam gia chUng khoan diiu tu dai hi;ln 258 259 V Tai san dai h~n khae 260 Chi phi tra truac dai hi;ln 261 V.I4 Tai san thue thu nMp hoan li;li 262 V.21 I -+_ TONG CQNG TA)SAN(270=100+200) NGUONVON A NO PHAI TRA (300 = 310 +320) I Ni b(> 317 457,352,249 590,406,049 590,406,049 (221,614,700) (133,053,800) 1,294,994,301 58,192,100,000 58,192,100,000 400,000,000 58,192,100,000 400,000,000 58,192,100,000 (400,000,000) 4,596,035,814 4,272,714,202 4,596,035,814 3,456,049,451 249,879,604,458 316,830,825,661 171,053,910,677 138,491,871,098 - 240,511,841,575 200,216,711,762 27,040,749,100 102,566,306,003 31,255,286,481 60,138,274,015 29,894,660,073 43,703,848,878 1,993,253,978 289,337,587 3,664,500,269 4,786,045,195 V.I7 2,302,868,559 3,266,659,003 V.I8 12,243,422,181 9,485,298,296 V.I5 V.I6 314 (400,000,000) 816,664,751 -+ -1 Phai tra dai hi;ln ngaoi ban - - - - - - -~ V.I9 - l - - - - t - - - - - - - - - - - - - - - - - - - - - - - - - - - - ­ _ - - - - - - - - - - - - - - - - - - - - - - - - - - - ­ Thue thu nh~p hoan l~i phai trii 368,791,349 164,742 ,3-1-2-1 1-7-7,-3-50-,-1-4-2­ 1 - t + -+ - Phai tra dai h~n n(>i b