TomTom 2007 Annual Report Download - page 81

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75
NOTES TO THE COMPANY FINANCIAL STATEMENTS
1. PRESENTATION OF FINANCIAL STATEMENTS AND PRINCIPLE ACCOUNTING POLICIES
The description of the activities of TomTom (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 2:362 Part 8 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 49 to 55.
The total equity and profit in the Company financial statements is equal to the consolidated equity.
In accordance with section 402 of Part 9 of Book 2 of the Netherlands Civil Code, a condensed income statement
is included in these financial statements.
2. INVESTMENTS IN SUBSIDIARIES
The movements in financial fixed assets were as follows:
Investments in
(€in thousands) Notes group Companies
Balance as at 31 December 2005
Book value 189,202
Movements 2006
Cumulative translation adjustment 379
Transfer to stock compensation reserve 712,540
Result of subsidiaries 224,171
Balance as at 31 December 2006
Book value 426,292
Movements 2007
Cumulativetranslation adjustment -1,548
Transfer to stock compensation reserve 719,983
Result of subsidiaries 311,516
Balance as at 31 December 2007
Book value 756,243
3. INVESTMENTS IN ASSOCIATE
Please refer to notes 14, 25, 26 and 27 in the consolidated financial statements.
4. OTHER INCOME AND EXPENSES AFTER TAX
Other income and expense consists of the remuneration of the Management Board and the Supervisory Board,
and interestincome 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.