Company: NOKBF
Filing Date: 2025-10-23
Form Type: 6-K
Source: 0001104659-25-101680
Chunk: 48

Company: NOKIA CORP
Filing Date: 2025-10-23
Form: 6-K
Chunk 48
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 and other movements(2) (628) 75 (553) (45) (3) (48) 329 (18) 311 Net asset/(liability) recognized      
 at the end of the period 4 900 (646) 4 254 5 068 (744) 4 324 5 541 (692) 4 849 (1) Includes            
 pensions, retirement indemnities and other post-employment plans. (2) Includes Section 420             
 transfers, medicare subsidies and other transfers, including acquisition related EUR 10 million        
 increase in net pension liability during the first half of 2025. Funded status EUR million             
 30 September 2025 30 June 2025 31 March 2025 31 December 2024 30 September 2024 Defined benefit        
 obligation (14 179) (14 239) (15 208) (15 789) (16 065) Fair value of plan assets 18 519               
 18 524 20 106 20 723 20 476 Funded status 4 340 4 285 4 898 4 934 4 411 Effect of asset ceiling        
 (86) (85) (84) (85) (87) Net asset recognized at the end of the period 4 254 4 200 4 814               
 4 849 4 324 7. DEFERRED TAXES Deferred tax assets are recognized to the extent it is probable          
 that future taxable profit will be available against which the unused tax losses, unused               
 tax credits and deductible temporary differences can be utilized in the relevant jurisdictions.        
 At 30 September 2025, Nokia has recognized deferred tax assets of EUR 3.6 billion (EUR 3.6             
 billion at 31 December 2024). In addition, at 30 September 2025, Nokia has unrecognized deferred       
 tax assets of approximately EUR 5 billion (EUR 5 billion at 31 December 2024), the majority            
 of which relate to France (approximately EUR 4 billion). These deferred tax assets have not            
 been recognized due to uncertainty regarding their utilization. A significant portion of               
 the French unrecognized deferred tax assets are indefinite in nature and available against             
 future French tax liabilities, subject to a limitation of 50% of annual taxable profits.               
 Nokia continually evaluates the probability of utilizing its deferred tax assets and considers         
 both positive and negative evidence in