TomTom 2013 Annual Report Download - page 41

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(€ in thousands) Notes 2013 2012
REVENUE 5 963,454 1,057,134
Cost of sales 6 442,207 502,398
GROSS RESULT 521,247 554,736
OPERATING EXPENSES
Research and development expenses 165,408 166,315
Amortisation of technology and databases 81,436 84,011
Marketing expenses 62,577 57,305
Selling, general and administrative expenses 178,300 169,716
Stock compensation expense 7,980 7,140
TOTAL OPERATING EXPENSES 8495,701 484,487
OPERATING RESULT 25,546 70,249
Interest result 9 –2,945 –12,084
Other financial result 9 –1,619 1,642
Result of associates 15 3,091 726
RESULT BEFORE TAX 24,073 60,533
Income tax (expense)/income 10 –4,010 68,660
NET RESULT 20,063 129,193
Attributable to:
- Equity holders of the parent 19,539 128,724
- Non-controlling interests 23 524 469
NET RESULT 20,063 129,193
EARNINGS PER SHARE (in €) 12
Basic 0.09 0.58
Diluted 0.09 0.58
The notes on pages 46 to 78 are an integral part of these consolidated financial statements.
Consolidated Statement of Income
for the year ended 31 December
ANNUAL REPORT AND ACCOUNTS 2013 / 41