TomTom 2006 Annual Report Download - page 44

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Consolidated Statement of Income of TomTom NV 42 TomTom Annual Report 2006
Notes 2006 2005
(in thousands)
Revenue (3) 1,363,758 720,031
Cost of sales (4) 785,131 409,194
Gross profit 578,627 310,837
Operating expenses
Research and development expenses 36,244 8,949
Marketing expenses 100,812 63,556
Selling, general and administrative expenses 80,033 38,014
Stock compensation expense (18) 21,321 5,241
Operating expenses (6) 238,410 115,760
Operating profit 340,217 195,077
Financial (expense) and income, net (7) -24,681 14,664
Profit before tax 315,536 209,741
Income tax (8) 93,355 66,784
Net profit 222,181 142,957
Earnings per share (in )
Basic (9) 2.01 1.37
Diluted 1.90 1.26
Consolidated Income Statement of TomTom NV
for the year ended 31 December