Company: NOKBF
Filing Date: 2025-10-23
Form Type: 6-K
Source: 0001104659-25-101680
Chunk: 47

Company: NOKIA CORP
Filing Date: 2025-10-23
Form: 6-K
Chunk 47
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-employment benefit plans, providing retirement      
 healthcare benefits and life insurance coverage. Nokia remeasured 93% of its defined benefit           
 obligations and 97% of the plan assets at 30 September 2025. Nokia's pension and other post-employment 
 plans in the United States have been remeasured using updated valuations from an external              
 actuary, and the main pension plans outside of the United States have been remeasured based            
 on updated asset valuations and changes in the discount rates during the reporting period.             
 The impact of not remeasuring other pension and post-employment obligations is considered              
 not material. At 30 September 2025, the weighted average discount rates used in remeasurement          
 of the most significant plans were as follows (comparatives at 31 December 2024): US Pension           
 4.9% (5.3%), US OPEB 4.9% (5.3%), Germany 3.8% (3.4%) and UK 6.0% (5.6%). The funded status            
 of Nokia’s defined benefit plans (before the effect of the asset ceiling) increased                    
 from 130%, or EUR 4 285 million, at 30 June 2025 to 131% or EUR 4 340 million, at 30 September         
 2025. During the quarter the global defined benefit plan asset portfolio was invested approximately    
 85% in fixed income and cash, 5% in equities and 10% in other asset classes, mainly private            
 equity and real estate. Changes in pension and post-employment net asset/(liability) 30 September      
 2025 30 September 2024 31 December 2024 EUR million Pensions(1) US OPEB Total Pensions(1)              
 US OPEB Total Pensions(1) US OPEB Total Net asset/(liability) recognized 1 January 5 541               
 (692) 4 849 4 755 (796) 3 959 4 755 (796) 3 959 Recognized in income statement 79 (26) 53              
 43 (27) 16 55 (37) 18 Recognized in other comprehensive income (176) (6) (182) 196 79 275              
 257 156 413 Contributions and benefits paid 84 3 87 119 3 122 145 3 148 Exchange differences