1.2 International presence

In 2011 Nokia had 130,000 employees in 120 countries, sales in more than 150 countries, global annual revenue of over €38 billion, and operating loss of €1 billion. It was the world's largest manufacturer of mobile phones in 2011, with global device market share of 23% in the second quarter.

The Nokia Research Center, founded in 1986, is Nokia's industrial research unit consisting of about 500 researchers, engineers and scientists; it has sites in seven countries: Finland, China, India, Kenya, Switzerland, the United Kingdom and the United States. Besides its research centers, in 2001 Nokia founded (and owns) INdT – Nokia Institute of Technology, a R&D institute located in Brazil. Nokia operates a total of 9 manufacturing facilities[6] located at Salo, Finland; Manaus, Brazil; Cluj, Romania; Beijing and Dongguan, China; Komárom, Hungary; Chennai, India; Reynosa, Mexico; and Masan, South Korea. Nokia's factory in Cluj was seized by the Romanian government in November 2011 to prevent a sale of the assets, after Nokia had accumulated a tax liability of US$ 10 million. Nokia's industrial design department is headquartered in Soho in London, UK with significant satellite offices in Helsinki, Finland and Calabasas, California in the US.

Nokia is a public limited-liability company listed on the Helsinki, Frankfurt, and New York stock exchanges. Nokia plays a very large role in the economy of Finland; it is by far the largest Finnish company, accounting for about a third of the market capitalization of the Helsinki Stock Exchange (OMX Helsinki) in 2007, a unique situation for an industrialized country.[138] It is an important employer in Finland and several small companies have grown into large ones as its partners and subcontractors. In 2009 Nokia contributed 1.6% to Finland's GDP, and accounted for about 16% of Finland's exports in 2006.

In February 2012 Nokia announced that it was cutting 4,000 factory jobs in Finland, Hungary and Mexico (more than half of the 7,100 jobs at the three factories affected) and moving smartphone assembly to existing facilities in South Korea and China

Sales structure of Nokia corporation

Major markets of net sales Nokia corporation are China, India,Germany,Russia USA, Brazil , UK, Spain, Italy, Indonesia.

Part 2. Analysis of financial statements nokia corporation

The primary means of providing information about financial condition are the financial statements.

For the manager the most important is to analyze and evaluate the effectiveness of business operations, resources are thus used, and results. Owners and shareholders primarily interested in the profitability of invested capital and their risk of possible losses. For lenders, the most important is to assess the prospects for the return of invested funds. For suppliers - the opportunity to pay the company services and products supplied.

However, there are some reasons why accounting data can not give a complete picture of the situation in the company:

1. financial statements reflect only those events that can be given in terms of money;

2. the financial statements reflect only those events that have occurred;

3. in the balance is not showing the market value of most assets;

4. the company, together with its accounting department, has some freedom to choose the method of display events on accounts (methods - LIFO, FIFO or average cost);

5. many sizes in accounting are estimates.

To evaluate the effectiveness of the company, you must use one of three methods: • historical method compares the performance of its results in the past. • external method compares the results with the results of similar companies or average results for the industry.

• subjective method compares the performance of a set of subjective criteria. Financial Statements and addition to information on the profitability of the company provides information on its liquidity and solvency.