
EURm	Within 1 year	1-5 years	More than 5 years
2023
Purchase obligations	3 630	767	14
Lease commitments(1)	—	54	570
2022
Purchase obligations	5 308	509	79
Lease commitments(1)	—	31	192

(1)Relates to lease contracts that had not yet commenced as at the reporting date.


EURm	2023	2022
Guarantees on behalf of Group companies
Guarantees issued by financial institutions
Commercial guarantees(1)	1 477	1 238
Non-commercial guarantees	615	538
Corporate guarantees(2)
Commercial guarantees(1)	325	504
Non-commercial guarantees	35	32
Financing commitments
Customer finance commitments(3)	5	26
Venture fund commitments(4)	381	433

(1)Commercial guarantees are guarantees that are issued in the normal course of

business to Nokia’s customers for the performance of Nokia’s obligations under

supply agreements; these include tender bonds, performance bonds and warranty

(2)Corporate guarantees are guarantees with a primary obligation that are issued to

(3)Customer finance commitments are available under customer loan facilities.

Availability of the facility depends on the borrower’s continuing compliance with the

agreed financial and operational covenants, and other administrative terms of the

facility. The loan facilities are primarily available to fund purchases of network

infrastructure equipment and services. Refer to Note 4.5. Trade receivables and

(4)As a limited partner in NGP Capital and certain other funds making technology-

related investments, Nokia is committed to capital contributions and entitled to

cash distributions according to the respective partnership agreements and

underlying fund activities. In January 2022, Nokia agreed on a capital commitment

of USD 400 million to NGP Capital’s Fund V. The fund’s emphasis on companies

developing emerging 5G use cases for industrial and business transformation aligns

closely with Nokia’s technology leadership vision and its efforts to maximize the

value shift towards cloud. Per industry standard practice, the capital will be called

Nokia discloses ongoing legal matters that relate to possible obligations whose existence

will be confirmed by the occurrence or non-occurrence of one or more uncertain future

events not wholly within the control of Nokia. These matters are assessed continually to

determine whether an outflow of resources embodying economic benefits has become

Nokia is and will likely continue to be subject to various legal proceedings that arise from time

to time, including proceedings related to intellectual property, antitrust, commercial disputes,

product liability, environmental issues, tax, health and safety, employment and wrongful

discharge, sales and marketing practices, international trade, securities, privacy matters and

compliance. While management does not expect any of the legal proceedings it is currently

aware of to have a material adverse effect on Nokia’s financial position, litigation is inherently

unpredictable and Nokia may in the future receive judgments or enter into settlements that

Nokia is defending against a number of labor claims in various Brazilian labor courts. Plaintiffs are

former employees whose contracts were terminated after Nokia exited from certain managed

services contracts. The claims mainly relate to payments made under, or in connection with,

the terminated labor contracts. Nokia has closed the majority of the court cases through

Nokia is defending approximately 300 asbestos-related matters, at various stages of litigation.

The claims are based on premises liability, products liability, and contractor liability. The claims

also involve plaintiffs allegedly diagnosed with various diseases, including but not limited to

In 2019, Continental Automotive Systems (Continental) brought breach of FRAND (fair,

reasonable and non-discriminatory terms) and antitrust claims against Nokia and others.

The antitrust claims were dismissed. In 2022, this decision became final after Continental

lost on appeal and reconsideration requests. Continental also brought breach of contract and

FRAND-related claims against Nokia in 2021. In 2023, Nokia’s motion to dismiss was granted

in part and denied in part, and the action is proceeding on the remaining claims at this time.

In 2021, Nokia commenced patent infringement proceedings against OPPO, OnePlus and Realme

in several countries in Asia and Europe. OPPO responded by filing invalidation actions and patent

infringement actions against Nokia in Germany, China and Finland and actions in China against

Nokia relating to standard essential patent licensing issues. In January 2024, Nokia announced

that it has concluded a multi-year patent cross-license agreement with OPPO. Under the

agreement OPPO will make royalty payments, along with catch-up payments to cover the periods

of non-payment. The agreement resolves all pending patent litigation between the parties,

In 2022, Nokia commenced patent infringement proceedings against vivo in Germany and

several countries in Asia. Vivo responded by filing a number of patent infringement actions

against Nokia equipment in Germany and China. They also filed an action in China against Nokia

relating to standard essential patent licensing issues. In February 2024, Nokia announced that it

has concluded a multi-year patent cross-license agreement with vivo. Under the agreement vivo

will make royalty payments, along with catch-up payments to cover the periods of non-payment.

The agreement resolves all pending patent litigation between the parties, in all jurisdictions.

In 2023, Nokia commenced patent infringement proceedings against Amazon in Brazil,

Germany, the European Unified Patent Court, India, the United Kingdom and the United States

(International Trade Commission/District Court). Across these actions, more than 30 patents

are in suit, covering video-related technologies implemented in Amazon’s services and devices.

In 2023, Nokia commenced patent infringement proceedings against HP in Brazil, Germany, the

European Unified Patent Court and the United States (International Trade Commission/District

Court). Across these actions, there are 14 patents in suit, covering video coding technologies