Company: NOKBF
Filing Date: 2025-04-24
Form Type: 6-K
Source: 0001104659-25-038218
Chunk: 12

Company: NOKIA CORP
Filing Date: 2025-04-24
Form: 6-K
Chunk 12
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 not have a material impact on Nokia's consolidated              
 financial statements. New standards and amendments to existing standards issued by the IASB that are not yet effective are not expected to have a               
 material impact on Nokia's consolidated financial statements when adopted, except for IFRS 18 Presentation and Disclosure in Financial Statements which         
 was published in April 2024.                                                                                                                                    
 IFRS 18 sets out the requirements for presentation and disclosures in financial statements and it will replace IAS 1 Presentation of Financial Statements. The  
 new standard is effective for annual reporting periods beginning on or after 1 January 2027, with earlier application permitted. IFRS 18 is yet to be endorsed  
 by the EU. Nokia is assessing the impact of IFRS 18 on its consolidated financial statements but as it’s not changing the recognition and measurement           
 requirements it is not expected to have significant impact other than on the presentation of financial information.                                             
 2. SEGMENT INFORMATION                                                                                                                                          
 Nokia has four operating and reportable segments for the financial reporting purposes: (1) Network Infrastructure, (2) Mobile Networks, (3) Cloud and Network   
 Services and (4) Nokia Technologies. Nokia also presents segment-level information for Group Common and Other. In addition, Nokia provides net sales            
 disclosure for the following business divisions within the Network Infrastructure segment: (i) IP Networks, (ii) Optical Networks and (iii) Fixed Networks. For 
 detailed segment descriptions, please refer to Note 2.2. Segment Information, in the annual consolidated financial statements for 2024.                         
 Effective 1 January 2025, Nokia moved its Managed Services business into its Mobile Networks segment. The Managed Services business provides outsourced         
 network management of multi-vendor RAN networks for operators and, since 2021, has been part of Cloud and Network Services segment. As the Cloud and            
 Network Services segment is increasingly transitioning towards cloud-native software sales, 'as-a-service' product offerings and helping customers to           
 monetize networks through API's, Nokia believes that Managed Services is more aligned and fits better with its Mobile Networks segment. Comparative             
 financial information for Mobile Networks and Cloud and Networks Services segments has been recast accordingly.                                                 
 On 28 February 2025, Nokia completed the acquisition of Infinera Corporation (Infinera), a San Jose based global supplier of innovative open optical            
 networking solutions and advanced optical semiconductors. Nokia will report the acquired business as part of its Optical Networks business unit Network         
 Infrastructure segment effective