TomTom 2008 Annual Report Download - page 79

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NOTES TO THE COMPANY FINANCIAL STATEMENTS
1. PRESENTATION OF FINANCIAL STATEMENTS AND PRINCIPLE ACCOUNTING POLICIES
The description of the activities of TomTom NV (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 page 48 to 74.
The 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 2006
Book value 426,292
Movements 2007
Cumulative translation 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
Movements 2008
Conversion of associate to subsidiary 789,350
Acquisition of subsidiary 2,065,775
Cumulative translation adjustment 8,451
Transfer to stock compensation reserve 712,079
Other direct equity movements 6,139
Result of subsidiaries -802,388
Balance as at 31 December 2008
Book value 2,835,649
3. INVESTMENTS IN ASSOCIATE
Please refer to note 14 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 interest income 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.
5. SHAREHOLDERS’ EQUITY
For the statement of changes in consolidated equity for the year ended 31 December 2008, please refer to page 47
in the consolidated Financial Statements.