TomTom 2006 Annual Report Download - page 47

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45 TomTom Annual Report 2006
Consolidated Statement of Changes in Shareholders’
Equity of TomTom NV
Consolidated Statement of Changes in Shareholders’ Equity of TomTom NV
Notes Share Share Legal Stock Retained Total
capital premium reserves compensation earnings
reserve
(in thousands)
Balance as at 31 December 2004 18 619 961 2,614 33,594 37,806
Translation differences 58 58
Transfer to legal reserves 794 -794 0
Net income (expense) recognised
directly in equity 852 -794 58
Profit for the year 142,957 142,957
Total recognised income and expense 852 142,163 143,015
Stock compensation reserve (18) 8,975 8,975
Recapitalisation 19,982 -619 -19,363 0
Issue of share capital (17) 1,456 115,091 116,547
Balance as at 31 December 2005 21,456 115,091 1,813 11,589 156,394 306,343
Translation differences 379 379
Transfer to legal reserves 612 -612 0
Net income (expense) recognised
directly in equity 991 -612 379
Profit for the year 222,181 222,181
Total recognised income and expense 991 221,569 222,560
Stock compensation reserve (18) 21,321 21,321
Issue of share capital (17) 1,128 -16 -546 566
Balance as at 31 December 2006 22,584 115,075 2,804 32,364 377,963 550,790
Statutory provisions with respect to appropriation of results
According to the Company’s Articles of Association, the Company’s reserves may be distributed to shareholders,
provided that total shareholders’ equity exceeds the called-up and paid-up capital of the Company, increased
by legal and statutory reserves.
Legal reserves
Legal reserves are non-distributable reserves that have been recorded for the amount of capitalised internal
software development costs and cumulative translation adjustments.
Stock compensation reserve
The stock compensation reserve represents the cumulative expense of issued share options that have been
granted but not exercised together with the amount of a tax benefit relating to the tax deduction that exceeds
the related cumulative expense.