DOCSLIB.ORG

NASDAQ OMX Announces Second Quarter and Mid-Year Financial Products Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
NASDAQ OMX Announces Second Quarter and Mid-Year Financial Products Report NASDAQ OMX Announces Second Quarter and Mid-Year Financial Products Report NEW YORK, Jul 15, 2008 (PrimeNewswire via COMTEX News Network) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced the second quarter and mid-year activities report for NASDAQ OMX Global Financial Products (NOGFP). NOGFP creates and licenses indexes and related financial instruments for investors and provides full-scale index services to financial product issuers, sponsors and investors. Business Highlights * The NASDAQ OMX Carbon Excess Return Index gained 28.90% in the second quarter of 2008 and was NASDAQ OMX's top year-to-date performer through June 30, 2008. The NASDAQ OMX Middle East North Africa Index increased 5.46% through mid-year. * NASDAQ OMX launched 19 new indexes in the second quarter and a total of 21 through the first half of 2008. * The NASDAQ ETF Market listed ten new exchange traded funds (ETFs) in the first half of 2008, including four ETFs that are based on NASDAQ OMX indexes. Index Performance During the second quarter and the first half of the year, NASDAQ OMX indexes -- the benchmark for 28 ETFs worldwide -- paced the market for both broad-based and sector performance. The table below shows the second quarter and mid-year performances of some of NASDAQ OMX's key indexes: Name YTD (6/30/08) 2nd Quarter NASDAQ OMX Carbon Excess Return Index(1) 36.50% 28.90% OMX Nordic Energy Index 6.79% 13.72% NASDAQ OMX Middle East North Africa Index(1) 5.46% 4.15% OMRX Real Return Bond Index 2.60% 0.47% NASDAQ OMX Clean Edge Global Wind Energy Index(1) -4.41% 9.84% NASDAQ Biotechnology Index -4.97% 1.60% NASDAQ Q-50 Index -5.96% 5.32% OMX Copenhagen 20 Index -7.86% -0.88% NASDAQ-100 Index -11.89% 3.10% NASDAQ Composite Index -13.55% 0.61% NASDAQ Internet Index -16.64% 0.96% FTSE NASDAQ Small Cap Index -17.51% -3.37% OMX Helsinki 25 Index -17.68% -8.13% NASDAQ Clean Edge U.S. Liquid Series Index -19.80% 7.73% NASDAQ China Index -20.57% -0.67% OMX Stockholm 30 Index -20.69% -9.92% NASDAQ Financial-100 Index -21.60% -12.57% OMX Nordic 40 Index -22.20% -11.01% New Indexes In the first and second quarters, NASDAQ OMX developed the following new indexes: Name Ticker NASDAQ OMX 100 Index QOMX NASDAQ OMX 100 EUR Index QOMX100EUR NASDAQ OMX Carbon Excess Return Index NOCO NASDAQ OMX Carbon Excess Return EU Index NOCO2 NASDAQ OMX Carbon Benchmark Index NOCO2BUS NASDAQ OMX Carbon CER Excess Return Index NOCO2EUAUS NASDAQ OMX Carbon EUA Excess Return Index NOCO2CERUS NASDAQ OMX Carbon CER Benchmark Index NOCO2CERBUS NASDAQ OMX Carbon EUA Benchmark Index NOCO2EUABUS NASDAQ OMX Carbon Benchmark Index NOCO2BEU NASDAQ OMX Carbon CER Excess Return Index NOCO2EUAEU NASDAQ OMX Carbon EUA Excess Return Index NOCO2CEREU NASDAQ OMX Carbon CER Benchmark Index NOCO2CERBEU NASDAQ OMX Carbon EUA Benchmark Index NOCO2EUABEU NASDAQ OMX Middle East North Africa Total Return Index QMNX NASDAQ OMX Clean Edge Global Wind Energy Total Return Index QWNX NASDAQ OMX Middle East North Africa Index QMEA NASDAQ OMX Clean Edge Global Wind Energy Index QWND NASDAQ Internet Total Return Index NETX NASDAQ Q-50 Total Return Index NTQX NASDAQ OMX AeA Illinois Tech Index ILTI New ETF Listings The following ETFs listed on The NASDAQ Stock Market during the first half of 2008: * iShares FTSE China (HK Listed) Index Fund (Nasdaq:ICLN) * iShares MSCI ACWI ex US Index Fund (Nasdaq:ACWX) * iShares MSCI ACWI Index Fund (Nasdaq:ACWI) * iShares S&P Global Clean Energy Index Fund (Nasdaq:FCHI) * iShares S&P Global Nuclear Energy Index Fund (Nasdaq:NUCL) * iShares S&P Global Timber & Forestry Index Fund (Nasdaq:WOOD) * PowerShares FTSE NASDAQ Small Cap Portfolio (Nasdaq:PQSC) * PowerShares NASDAQ-100 Buywrite Portfolio (Nasdaq:PQBW) * PowerShares NASDAQ Internet Portfolio (Nasdaq:PNQI) * PowerShares Next-QQQ Portfolio (Nasdaq:PNXQ) About NASDAQ OMX Global Financial Products NASDAQ OMX Global Financial Products (NOGFP) is engaged in the design, development, calculation, licensing, and marketing of NASDAQ OMX indexes. NOGFP specializes in the development of indexes focusing on NASDAQ OMX's brand themes of innovation, technology, growth, and globalization. NOGFP also provides custom index services and design solutions as a third-party provider to selected financial organizations. For more information about NASDAQ OMX indexes, visit www.nasdaq.com/indexes. About NASDAQ OMX The NASDAQ OMX Group, Inc. is the world's broadest and most diverse exchange company. It delivers trading, exchange technology, and public company services across six continents, and with over 3,900 companies, it is number one in worldwide listings among major markets. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market; the OMX Nordic Exchange, including First North; and the 144A PORTAL Market. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products, and ETFs. NASDAQ OMX technology supports the operations of over 60 exchanges, clearing organizations and central securities depositories in more than 50 countries. OMX Nordic Exchange is not a legal entity but describes the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit www.nasdaqomx.com. Cautionary Note Regarding Forward-Looking Statements The matters described herein may contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ's control. These factors include, but are not limited to, factors detailed in NASDAQ's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements. (1)Index performance includes back-tested index values prior to the index's dissemination date, which are indicative and NASDAQ OMX makes no guarantee of the accuracy of the back-tested data. NDAQG This news release was distributed by PrimeNewswire, www.primenewswire.com SOURCE: The NASDAQ OMX Group, Inc. NASDAQ OMX Media Contact: Wayne Lee +1.301.978.4875 [email protected] (C) Copyright 2008 PrimeNewswire, Inc. All rights reserved. News Provided by COMTEX.
Load more

Recommended publications
  • Final Report Amending ITS on Main Indices and Recognised Exchanges
    Final Report Amendment to Commission Implementing Regulation (EU) 2016/1646 11 December 2019 | ESMA70-156-1535 Table of Contents 1 Executive Summary ....................................................................................................... 4 2 Introduction .................................................................................................................... 5 3 Main indices ................................................................................................................... 6 3.1 General approach ................................................................................................... 6 3.2 Analysis ................................................................................................................... 7 3.3 Conclusions............................................................................................................. 8 4 Recognised exchanges .................................................................................................. 9 4.1 General approach ................................................................................................... 9 4.2 Conclusions............................................................................................................. 9 4.2.1 Treatment of third-country exchanges .............................................................. 9 4.2.2 Impact of Brexit ...............................................................................................10 5 Annexes ........................................................................................................................12
    [Show full text]
  • Quarterly Software Report Q4 2017
    Quarterly Software Report Q4 2017 STOCKHOLM OSLO HELSINKI NORDHAVEN STOCKHOLM OSLO HELSINKI NORDHAVEN STOCKHOLM OSLO HELSINKI NORDHAVEN STOCKHOLM OSLO HELSINKI STOCKH 21 TRANSACTIONS IDENTIFIED IN Q4/17 (19 IN Q4/16) – TOTAL OF 95 TRANSACTIONS IN 2017 (80 IN 2016) NASDAQ OMX TECHNOLOGY INDEX: Jan 14 – Dec 17 EXECUTIVE SUMMARY 1,700 ▪ As we projected after the disappointing Q3, the market did return to a growth path in Q4 1,600 with a total of 21 software transactions, 2 more than Q4/16. ▪ This brought the total for the year to 95 transactions, up 20 % from the previous year. 1,500 ▪ Also this year the OMX Nordic 40 index ended the year on a sad note. The root cause is 1,400 again to be found outside of the software space, with companies like Nokia dropping about 20 % and Acando being down about 10 %, while software companies did a much 1,300 better showing with f.ex. Basware being up 15 %. 1,200 ▪ As a result of the limited impact of software in the Nordic Tech Index, Nordhaven has decided to introduce our own Nordic software index, which will be launched in the 1,100 Q1/2018 report. ▪ Quite surprisingly (and probably by chance…) there were no deals announced in Denmark 1,000 in the quarter, while Sweden again topped the list with 10 deals. Norway had 8 and 900 Finland 3. Jan. 14 Jun. 14 Dec. 14 Jun. 15 Dec. 15 jun. 16 dec. 16 jun. 17 dec. 17 ▪ Private equity buyers were back in the drivers seat in the quarter, completing 12 of the 21 deals.
    [Show full text]
  • CSR Online Awards 2012
    lundquist. CSR ONLINE AWARDS lundquist. 2012 CSR Online Awards 2012 Beyond ‘cut & paste’ COMMUNICATIONS: THE WEB AS A STRATEGIC LEVER FOR CORPORATE RESPONSIBILITY Europe’s first study of online CSR communications 5th edition 252 companies covered: rankings for Europe 100, Germany, Italy, Nordic region and Switzerland 68 evaluation criteria Centrica, Telecom Italia and Unilever top of Europe 100 ranking Allianz top in Germany Ericsson leads in Nordic region Nestlé wins in Switzerland 44.2 average score for Europe 100 400 responses to survey of CSR professionals and stakeholders 6 November 2012 lundquist. CSR ONLINE AWARDS lundquist. 2012 BEYOND ‘cut & pASte’ COMMUNICATIONS: THE STATE OF ONLINE CSR CSR Online COMMUNICATIONS Awards Europe’s leading companies are risking a widening of the divide between themselves and online audiences interested in their corporate social responsibility 2012 (CSR) performance, with negative consequences for trust and engagement. // Beyond ‘cut & paste’ communications: the While reporting on social, environmental and governance issues is becoming state of online CSR standard practice, online CSR communications in general remains static and communications // disclosure-driven: many websites are difficult to navigate, overburdened with text and tables. Effective use of social media, video and interactivity is slowly becoming more common but remains the preserve of a minority of companies. Most appear loath to hear from stakeholders, even via email. The CSR Online Awards, conducted for a fifth year by communications consultancy Lundquist, examines how leading European companies use their corporate websites and related online presence as a platform for corporate responsibility communications and stakeholder engagement. The research is divided into five studies: the flagship ranking of the top 100 listed companies in Europe plus country and regional lists for Germany (top 30), Italy (top 100), Nordic region (top 40) and Switzerland (top 20).
    [Show full text]
  • Global Data Products Newsletter 2012-19.Indd
    Global Data Products NORDIC NEWSLETTER NOTICE September 28 2012 “NASDAQ OMX Pricing and policy updates” - pages 3-5 #19 HIGHLIGHT “Updates to Genium Con- solidated Feed test envi- ronments; GCF2 upgrade to TIP-version 2.4.4” - page 7-10 NASDAQ OMX GLOBAL DATA PRODUCTS WEEKLY NEWSLETTER WITH BUSINESS AND TECHNICAL UPDATES - 1 - CONTENT Page CurrENT prOducts aNd pOliCiEs Nordic and Baltic Index data Changes to list of free-real-time indexes 3 Nordic Equities Adjusted distributor fee for Nordic Equities market data products 3 Nordic Equity Managed Data Solution - Private 4 Nordic Fixed Income Adjusted distributor fee for Nordic Fixed Income market data products 4 Nordic Derivatives Adjusted subscriber fee for derivatives market data product 5 Nordic Snapshot product Added content in Nordic Snapshots products 5 Market daTa sysTEMs techNiCal functiONaliTy Genium Consolidated Feed (GCF) Invitation to IT Forums 6 Next release of Genium Consolidated Feed with TIP 2.4.4 on November 26, 2012 7 Change to the official price for commodities 7 Release Schedule 2012 8 System environments Genium Consolidated Feed production environment 9 Genium Consolidated Feed test environments 9 Genium Consolidated Feed Connectivity GlOBal daTa prOduCTs NASDAQ OMX Nordic Market Data news subscription Nordic subscription service for Market Data 11 - 2 - CurrENT prOducts aNd pOliCiEs Nordic and Baltic index data Changes to Nordic and Baltic free-real-time indexes From January 1, 2013, for the below listed indexes it is no longer free of charge to distribute and/or display real-time index values. There are several options and different data products that suit different distribution- and display sce- narios available.
    [Show full text]
  • Bachelor's Thesis, Final Version Alina Seppä
    LUT School of Business and Management Bachelor’s thesis, Business Administration Strategic Finance Stock performance of financial sector companies listed in Nasdaq Nordic stock exchange during 2007–2016 Nasdaq Nordic -pörssissä listautuneiden finanssialan yritysten osakkeiden suoriutuminen vuosina 2007–2016 12.1.2021 Author: Alina Seppä Supervisor: Jan Stoklasa ABSTRACT Author: Alina Seppä Title: Stock performance of financial sector companies listed in Nasdaq Nordic stock exchange during 2007–2016 School: School of Business and Management Degree programme: Business Administration, Strategic Finance Supervisor: Jan Stoklasa Keywords: financial sector, stock performance, Sharpe ratio, Sortino ratio, Treynor ratio, Jensen’s alpha, Nasdaq Nordic The purpose of this bachelor’s thesis is to examine the performance of the financial sector stocks listed in Nasdaq Nordic stock exchange during 2007–2016. Furthermore, the aim of this study is to evaluate Nordic financial sector as an investment and the profitability of the stocks. The entire observation period is divided into three consecutive sub-periods: financial crisis 2007–2009, European debt crisis 2010–2012 and recovery 2013–2016. The empirical part of the thesis is carried out using quantitative methods. The data consists of 48 stocks of Finnish, Swedish and Danish companies which are classified under the industry of banks, financial ser- vices or insurance. Return rate, annual volatility and the following risk-adjusted performance measures are used to assess the stock performance: Sharpe ratio, Sortino ratio, Treynor ratio and Jensen’s alpha. The results are compared to four indices: OMX Nordic 40, STOXX Europe 600 ex-Financials, STOXX Europe 600 Financials and STOXX North America 600 Banks.
    [Show full text]
  • Presentation Title
    FCF Fox Corporate Finance FCF IPO Market Monitor European Initial Public Offerings H1 2017 Data as of June 30, 2017 Published as of July 1, 2017 Table of Contents EXECUTIVE SUMMARY FCF OVERVIEW MARKET OVERVIEW - MICRO IPOS - SMALL IPOS - MEDIUM IPOS - LARGE IPOS RECENT IPO CASE STUDIES - MICRO IPOS - SMALL IPOS - MEDIUM IPOS - LARGE IPOS 2 Executive Summary The FCF IPO Market Executive Summary Monitor is a The FCF IPO Market Monitor is a comprehensive analysis of the European IPO markets and is published by FCF on a semi- standardized report ▪ on the European annual basis. The analysis provides relevant pricing, performance and valuation metrics (e.g. ratios and multiples) of European public offerings IPOs for the last six months markets and serves a ▪ The selection of IPOs is based on the following criteria: quick reference for – IPO date within the last 6 months investors, corporates – Primary listing at an European exchange* and professionals – Transaction size at least EUR 20m – IPOs of companies operating in the financial services or real estate sector have been excluded More advanced, – Based on the transaction size, the IPOs are categorized as follows: detailed and / or Micro IPOs: EUR 20m – 50m, Small IPOs: EUR 50m – 100m, Medium IPOs: EUR 100m – 250m, Large IPOs: > EUR 250m customized reports are available upon ▪ The price indices are calculated based on the following criteria: request – The relevant IPO has been issued within the last 2.5 years – The holding period for each IPO in the respective index is 2 years – The constituents of each index are based on the transaction size at the time of IPO and are not re-allocated to other categories over time ▪ To recommend colleagues or fellow investors to be added to the mailing list, kindly send an email with the respective contact information ▪ The FCF IPO Market Monitor is available on FCF’s website at “www.fcf.de” ▪ All input data is provided by S&P Capital IQ and is not independently verified by FCF.
    [Show full text]
  • Is Green the New Black? - an Empirical Study on the Correlation of CSR Initiatives and Profitability On
    Is green the new black? - An empirical study on the correlation of CSR initiatives and profitability on Nordic mutual funds Master’s Thesis 30 credits Programme: Master’s Programme in Accounting and Financial Management Specialisation: Financial Management Department of Business Studies Uppsala University Spring Semester of 2021 Date of Submission: 2021-08-02 Carla Amiri Supervisor: Gunilla Myreteg IS GREEN THE NEW BLACK? – An empirical study on the correlation of ESG performance and profitability on Nordic mutual funds Abstract This research examines whether Corporate Social Responsibility (CSR) initiatives impact fund financial performance of 46 Nordic mutual funds during the past five years (2016-2020). Previous studies have focused on which of the two alternatives generates a rewarding financial result. To complement previous research, this study focuses on the development of CSR - whether the gap formed between CSR initiatives and fund financial performance is moving closer towards each other based on the increased focus of ESG factors during the recent years. Two categories, strong and weak ESG performance, are juxtapositioned to find out at what stage the development is. Furthermore, analysis on which of the three categories: environmental, social or governance individually, is the driving factor of the development of CSR initiatives. Based on the matched pair methodology and hypothesis testing, funds with CSR initiatives have reached the point, in which they perform equally well to their peers without such motives. The underlying drivers behind the development are examined. Keywords: CSR, sustainable funds, fund financial performance, Nordic market Acknowledgments I would like to express my sincere gratitude for my supervisor Gunilla Myreteg for her valuable guidance, perspectives and constructive feedback during the entire process.
    [Show full text]
  • Correlation of Returns in Stock Market Prices
    Correlation of Returns in Stock Market Prices: Evidence from Nordic Countries Author: Amin S. Sofla Supervisor: Catherine Lions Student Umeå School of Business Spring semester 2010 Master thesis, one-year, 15 hp UMEÅ UNIVERSITY Correlation of Returns in Stock Market Prices: Evidence from Nordic Countries Amin Salimi Sofla Supervisor: Catherine Lions Master Thesis, One Year, 15 hp in Finance USBE This thesis was written as a part of the Master of Science in Economics and Business Administration program - Major in Finance. Neither the institution, nor the advisor is responsible for the theories and methods used, or the results and conclusions drawn, through the approval of this thesis. i Acknowledgements I would like to express my gratitude to my supervisor, Dr. Catherine Lions, whose expertise, understanding, and patience, added considerably to my graduate experience. I am indebted to my parents for the support they provided me through my entire life and in particular, I must acknowledge my mother, without whose love and encouragement, I would not have finished this thesis. Umea, May 01 2010 Amin S. Sofla ii Abstract This paper tests a version of efficient market hypothesis on new sets of daily, weekly and monthly data for the Nordic countries stock market. Author used correlation test AR (1) and AR (2) for testing hypothesis. The results suggest that returns in Nordic stock market do not have the correlation in weekly and monthly data; therefore, a weak version of efficient market hypothesis cannot be rejected. Since findings of prior researches are mix, the findings of this thesis is inconsistence with some and consistent with others and shows that the possibility of earning abnormal returns during period (2007-2009) was low.
    [Show full text]
  • A Study on Diversification
    The Invisible Threat of Welfare Loss for Private Nordic Investors: A study on diversification CHRISTOPHER D.FLODIN and MARCUS O. QVIST NILSSON School of Business, Society and Engineering Course: Bachelor Thesis in Business Tutor: Ulf Andersson Administration Co-assessor: Randy Shoai Course code: FOA214 Examinator: 15 hp Date: 2015-06-03 David Christopher Flodin - 19930918 Marcus Qvist Nilsson - 19910619 Abstract. This study investigates to what level private Nordic investors allocate capital to different types of assets, a phenomenon known as diversification. Additionally, it examines if the degree of diversification influences the investor’s economic welfare. To carry out this study, the authors of this paper took part of data containing information about 80,000 Nordic investors and their investments. This data was processed by a computer program to create a cross-sectional data set, enabling the authors to make conclusions about the average Nordic investor. The study shows that private Nordic investors succeed in their ability to diversify with respect to the total number of stocks, but that their investment choices cause their investments to be inefficient. The investor holds stocks highly correlated to one another, resulting in economic costs. Keywords: Diversification, Risk, Nordic Investors, Welfare Loss. 2 Acknowledgements Firstly, we would like to thank Nordnet Bank for providing the data used in this study. The project benefitted from excellent assistance from our supervisor Ulf Andersson. Lastly, we would like to thank Lizette By, Frida Eriksson and Caroline Jonsson for helpful comments. Thank you all for making this thesis possible. The views expressed herein are those of the authors and do not necessarily reflect the views of Nordnet Bank.
    [Show full text]
  • Study of Capital Asset Pricing Model in Nordic Stock Market
    Study of Capital Asset Pricing Model in Nordic Stock Market Nupur Garg Master’s thesis November 2019 School of Business Master’s Degree Programme in International Business Management Description Author Type of publication Date Garg, Nupur Master’s thesis November 2019 Language of publication: English Number of pages Permission for web 59 publication: Yes Title of publication Study of Capital Asset Pricing Model in Nordic stock market Degree programme Master’s Degree Programme in International Business Management Supervisor(s) Hundal, Shabnamjit Assigned by JAMK Centre for Competitiveness Abstract This study focused on studing the impacts of using CAMP in estimating the performance of the Nordic stock market. Random sampling was used and a total of 35 companies were selected for the case study. CAPM formula, as formualted by previous studies, was used to estimate the performance of these companies and various anayses has done on the data including regression, t-test and Jensen alpha tests. From the descriptive statistics, it was found that the average beta was 0.0191 while the maximum beta was 0.759. This implies that the selected Nordic stocks had a systematic risk of 99% lower than the index. Further, Jensen Alpha analysis showed that the Nordic stock has outperformed the market’s expected return based on CAPM productions. However, looking at the t-test values, there has been a significant change in the systematic risk in Nordic stocks and at the same time, there has been a significant change in the unsystematic risk of this market. The regression analysis shows that there was a positive association betwen beta and daily returns with an increase in beta leading to a possible increase in actual return.
    [Show full text]
  • Nokia in 2008
    Nokia in 2008 Review by the Board of Directors and Nokia Annual Accounts 2008 Key data ...................................................................................................................................................... 2 Review by the Board of Directors ...................................................................................................... 3 Annual Accounts 2008 Consolidated profit and loss accounts, IFRS ..................................................................................... 8 Consolidated balance sheets, IFRS ....................................................................................................... 9 Consolidated cash flow statements, IFRS ....................................................................................... 10 Consolidated statements of changes in shareholders’ equity, IFRS ........................................ 11 Notes to the consolidated financial statements ........................................................................... 13 Profit and loss accounts, parent company, FAS ............................................................................. 48 Balance sheets, parent company, FAS .............................................................................................. 48 Cash flow statements, parent company, FAS ................................................................................. 49 Notes to the financial statements of the parent company ........................................................ 50 Nokia shares and shareholders
    [Show full text]
  • Review by the Board of Directors and Nokia Annual Accounts 2011
    Nokia in 2011 REVIEW BY THE BOARD OF DIRECTORS AND NOKIA ANNUAL ACCOUNTS 2011 Key data .......................................................................................................................... 2 Review by the Board of Directors 2011 .................................................................... 3 Annual Accounts 2011 Consolidated income statements, IFRS ................................................................. 20 Consolidated statements of comprehensive income, IFRS ............................... 21 Consolidated statements of fi nancial position, IFRS .......................................... 22 Consolidated statements of cash fl ows, IFRS ...................................................... 23 Consolidated statements of changes in shareholders’ equity, IFRS ................. 24 Notes to the consolidated fi nancial statements .................................................. 26 Income statements, parent company, FAS ........................................................... 72 Balance sheets, parent company, FAS ................................................................... 72 Statements of cash fl ows, parent company, FAS ................................................. 73 Notes to the fi nancial statements of the parent company ................................. 74 Nokia shares and shareholders ............................................................................... 78 Nokia Group 2007–2011, IFRS .................................................................................. 84 Calculation
    [Show full text]