TomTom 2009 Annual Report Download - page 92

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90 / NOTES TO THE COMPANY FINANCIAL STATEMENTS
1. PRESENTATION OF FINANCIAL STATEMENTS AND PRINCIPLE ACCOUNTING POLICIES
The description of the activities of TomTom NV (the “company”) and the company structure, as included in the
notes to the Consolidated Financial Statements, also apply to the company financial statements.
In accordance with section 362.8 of Part 9 of Book 2 of the Netherlands Civil Code, the company has prepared its
company financial statements in accordance with accounting principles generally accepted in the Netherlands,
applying the accounting policies as adopted in the Consolidated Financial Statements (IFRS). Investments in
subsidiaries are stated at net asset value, as the company effectively exercises significant influence over them.
For more information on the accounting policies applied, and on the Notes to the Consolidated Financial
Statements, please refer to pages 57 to 87.
The total equity and profit in the company financial statements is equal to the consolidated equity.
2. INVESTMENTS IN SUBSIDIARIES
The movements in the investment in subsidiaries were as follows:
Investments in
(€ in thousands) Notes subsidiaries
Balance as at 31 December 2007
Book value 756,243
Movements 2008
Conversion of associate to subsidiary 789,350
Acquisition of subsidiary 2,065,775
Cumulative translation adjustment 8,451
Transfer to stock compensation reserve 612,079
Other direct equity movements 6,139
Result of subsidiaries -802,388
Balance as at 31 December 2008
Book value 2,835,649
Movements 2009
Investment in subsidiary 15,265
Cumulative translation adjustment -1,436
Transfer to stock compensation reserve 65,688
Other direct equity movements 68
Result of subsidiaries 164,254
Balance as at 31 December 2009
Book value 3,019,488
A list of subsidiaries and affiliated companies prepared in accordance with the relevant legal requirements (the
Netherlands Civil Code Book 2, Part 9, Sections 379 and 414) is deposited at the office of the Chamber of
Commerce in Amsterdam, the Netherlands.
3. RESULT OF ASSOCIATES
Please refer to note 15 in the Consolidated Financial Statements. The company had no associates in 2009.
4. OTHER INCOME AND EXPENSES AFTER TAX
Other income and expense consists of the remuneration of the Management Board and the Supervisory Board,
and interest income on the company’s outstanding cash balances. For the remuneration of the Management
Board and Supervisory Board, please refer to note 7 of the Consolidated Financial Statements.