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67 TomTom Annual Report 2006Auditor’s Report to the Financial Statements
Auditor’s Report to the Financial Statements
Auditor’s report
Report on the financial statements
We have audited the accompanying financial
statements 2006 of TomTom NV, Amsterdam. The
financial statements consist of the consolidated financial
statements and the Company financial statements.
The consolidated financial statements comprise the
consolidated balance sheet as at 31 December 2006, profit
and loss account, statement of changes in equity
and cash flow statement for the year then ended, and
a summary of significant accounting policies and other
explanatory notes. The Company financial statements
comprise the Company balance sheet as at 31 December
2006, the Company profit and loss account for the year
then ended and the notes.
Management’s responsibility
Management is responsible for the preparation and
fair presentation of the financial statements in accordance
with International Financial Reporting Standards as adopted
by the European Union and with Part 9 of Book 2 of the
Netherlands Civil Code, and for the preparation of the
Management Board report in accordance with Part 9 of
Book 2 of the Netherlands Civil Code. This responsibility
includes: designing, implementing and maintaining internal
control relevant to the preparation and fair presentation
of the financial statements that are free from material
misstatement, whether due to fraud or error; selecting
and applying appropriate accounting policies; and
making accounting estimates that are reasonable
in the circumstances.
Auditor’s responsibility
Our responsibility is to express an opinion on the financial
statements based on our audit. We conducted our audit in
accordance with Dutch law. This law requires that we
comply with ethical requirements and plan and perform
the audit to obtain reasonable assurance whether the
financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit
evidence about the amounts and disclosures in the
financial statements. The procedures selected depend
on the auditor’s judgement, including the assessment
of the risks of material misstatement of the financial
statements, whether due to fraud or error. In making those
risk assessments, the auditor considers internal control
relevant to the entity’s preparation and fair presentation
of the financial statements in order to design audit
procedures that are appropriate in the circumstances,
but not for the purpose of expressing an opinion on the
effectiveness of the entity’s internal control.
An audit also includes evaluating the appropriateness
of accounting policies used and the reasonableness
of accounting estimates made by management, as
well as evaluating the overall presentation of the
financial statements.
We believe that the audit evidence we have obtained
is sufficient and appropriate to provide a basis for our
audit opinion.
Opinion with respect to the consolidated
financial statements
In our opinion, the consolidated financial statements
give a true and fair view of the financial position of
TomTom NV as at 31 December 2006, and of its results
and its cash flow for the year then ended in accordance
with International Financial Reporting Standards as adopted
by the European Union and with Part 9 of Book 2 of the
Netherlands Civil Code.
Opinion with respect to the Company
financial statements
In our opinion, the Company financial statements give a
true and fair view of the financial position of TomTom NV
as at 31 December 2006, and of its result for the year then
ended in accordance with Part 9 of Book 2 of the
Netherlands Civil Code.
Report on other legal and regulatory requirements
Pursuant to the legal requirement under 2:393 sub 5 part
of the Netherlands Civil Code, we report, to the extent of
our competence, that the Management Board report is
consistent with the financial statements as required by
2:391 sub 4 of the Netherlands Civil Code.
Amsterdam, 22 February 2007
Deloitte Accountants B.V.
A. Sandler