TomTom 2007 Annual Report Download - page 82

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76 NOTES TO THE COMPANY FINANCIAL STATEMENTS
5. SHAREHOLDERS’ EQUITY
For the statement of changes in consolidated equity for the year ended 31 December 2007, please refer to page 48
in the consolidated financial statements.
6. LEGAL RESERVES
(€in thousands) 2007 2006
Legal reserves at 1 January 2,804 1,813
Internally generated intangible assets 4,576 612
Cumulative translation adjustment -1,548 379
Legal reserves at 31 December 5,832 2,804
Internally generated intangible assets 6,928 2,352
Cumulative translation adjustment -1,096 452
Total legal reserves 5,832 2,804
7. STOCK COMPENSATION RESERVE
For details of the stock compensation reserve, please refer to note 21 in the consolidated annual accounts.
8. OFF-BALANCE SHEET COMMITMENTS
The Company has issued several declarations of joint and several liabilities for various Group companies, in
compliancewith Section 403, book 2 of the Dutch Civil Code. Declarations were issued during the year for
TomTom International BV and TomTom Sales BV.
9. STATUTORY PROVISION WITH RESPECT TO APPROPRIATION OF RESULTS
According to the Company’s Articles of Association, the Company’s result is freely at the disposal of the
shareholders, provided that total shareholders’ equity exceeds the called-up and paid-up capital of the Company,
increased by legal and statutory reserves.
10. PROPOSED APPROPRIATION OF RESULT
The Management Board proposes to add the net profit in full to the retained earnings.
11. OTHER INFORMATION
For a description of the Stichting Continuïteit TomTom (the “Foundation”), reference is made to the Corporate
Governance section in this annual report.
12. AUDITOR’S REPORT
Reference is made to the auditor’s report on page 77.
Amsterdam, 21 February 2008 Amsterdam, 21 February 2008
Management Board Supervisory Board
Harold Goddijn Andrew Browne
Alexander Ribbink Doug Dunn
Marina Wyatt Guy Demuynck
Karel Vuursteen
Rob van den Bergh
TOMTOM NV STATUTORY SEAT AMSTERDAM