Ratio Analysis of Nokia

Nokia - FINANCIAL STATEMENT ANALYSIS

1.1      LIQUIDITY RATIOS.. 2

1.2      SOLVENCY RATIO.. 3

1.3      PROFITABILITY RATIO.. 6

1.4 TURNOVER RATIO.. 8

1.5 COMPARISON RESULTS OF THE RATIOS: 10

1.7 Inventory valuation: 11

1.8 Asset Depreciation.. 12

1.9 The key data for 2005 and 2004 are: 13

1.10 MAJOR OBSERVATIONS: 14

1.11 SUMMARY OF THE TRENDS.. 15

1.12 Operating Highlights of 2004-05: 16