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ANNUAL REPORT AND ACCOUNTS
Freedom to move…

Table of contents

  • Page 1
    ANNUAL REPORT AND ACCOUNTS Freedom to move...

  • Page 2
    ..., Vision and Strategy Three Stories 08 Broadening our customer base 10 Navigation in a changing world 12 Traffic Four Business Units Management Board Report Corporate Social Responsibility Internal Control Report Business Risks Corporate Governance Profiles of the Management Board Profiles of the...

  • Page 3
    ... 01 / TomTom Annual Report and Accounts 2010 INTRODUCTION TomTom is the world's leading provider of location and navigation products and services. Our products include portable navigation devices, in-dash infotainment systems, ï¬,eet track and trace solutions, maps and real-time traffic services...

  • Page 4
    p 02 / TomTom Annual Report and Accounts 2010 CEO LETTER

  • Page 5
    ..., speed cameras, traffic information and much more, from which we can develop a range of products and services for different markets and applications. THANK YOU / My gratitude goes out to our employees for their commitment and hard work throughout the year. I would also like to thank our partners...

  • Page 6
    ...people use our devices, content and services. We sell our products in over 40 countries and have 3,500 employees. Our company structure consists of four customer facing business units - Consumer, Automotive, Business Solutions and Licensing. The first three business units provide targeted solutions...

  • Page 7
    ... customers with relevant and up-to-date information when it is needed. Much of that content can now be provided via real-time services such as traffic information and mobile speed cameras. An increasing proportion of our products come equipped with a cellular wireless data connection. At TomTom...

  • Page 8
    ...platform to best support our product strategy. Our platform assets include content such as maps and real-time traffic data, services such as HD Traffic and speed cameras, and client software (also known as device software) such as fast routing that takes traffic congestion into account. By owning...

  • Page 9
    ... Annual Report and Accounts 2010 THREE STORIES Over the following pages we describe three of TomTom's paths to productivity that in turn enable us to create: Freedom to move.../ 1 Broadening our customer base p08 - 09 Responding to an expanding universe of needs / 2 Navigation in a changing...

  • Page 10
    ... Share®, IQ Routes® and HD Traffic. All of these innovations, have since found their way onto a host of different devices and platforms. Smartphones carry our maps and applications; businesses streamline their operations using our ï¬,eet management tools; increasing numbers of car manufacturers...

  • Page 11
    p 09 / TomTom Annual Report and Accounts 2010

  • Page 12
    ... real-time traffic information, dynamic routing and up-to-date speed camera information. Outside our core markets, it is a different story. Here - across most parts of Eastern Europe, Asia, South America and Africa - people are just starting to discover what a navigation device can offer. In...

  • Page 13
    p 11 / TomTom Annual Report and Accounts 2010 Navigation in a changing world

  • Page 14
    p 12 / TomTom Annual Report and Accounts 2010 Tackling global issues Traffic

  • Page 15
    ...fic and route guidance technology, we also intend to bring together key traffic stakeholders to share ideas. In 2011 we will hold our first TomTom Traffic Summit. Building on our market leading expertise in navigation, we are eager to work with businesses, organisations and governments to make...

  • Page 16
    .../ TomTom Annual Report and Accounts 2010 An underpenetrated in-car navigation market Europe North America 268 321 million cars million cars 935 million cars on the road worldwide India Brazil 22 32 million cars million cars Global growth opportunities > > ~30% penetration rate in Europe...

  • Page 17
    ...Licensing sells our high-quality maps, navigation content and LIVE Services to PND manufacturers, internet organisations, smartphone manufacturers, mobile application developers, governments and enterprises. Business Solutions is a leading provider of ï¬,eet management systems, navigation products...

  • Page 18
    ... our number two position. The TomTom App for iPhone continued to be one of the biggest selling products in the Apple App Store, with close to half a million downloads in the past year. LIVE Services, including traffic information and Map Share, were made available through the app in 2010, enabling...

  • Page 19
    ... of innovative location content were the main focus areas for Licensing in 2010. Throughout the year our maps were enriched with advanced features such as lane guidance, signpost and speed limit information. Our customers are playing an increasingly important role in developing our map database, as...

  • Page 20
    .../ TomTom Annual Report and Accounts 2010 Management Board Report (continued) We began a collaboration with business listings company Localeze to provide premium points of interest (POI) content. We have made HD Traffic available for our business-to-business customers in 5 countries in Europe and...

  • Page 21
    ... a higher level than in the previous year and we grew the net result by 17% to â,¬110 million. 2010 TomTom group (in â,¬ millions) 1, 3 2009 % of revenue reported % of revenue 20082 reported % of revenue reported Hardware Content & Services Consumer Automotive Licensing Business Solutions Total...

  • Page 22
    ... TomTom Annual Report and Accounts 2010 Management Board Report (continued) REVENUE 2010 (in â,¬ millions) Consumer Automotive Licensing Business Solutions 1,158 179 131 53 76% 12% 9% 3% 3% 9% 12% 76% Consumer revenue benefited from increased sales of content and services like map subscriptions...

  • Page 23
    ... The ability of our research and development teams to create innovative, high-quality and easy-to-use navigation products and services is the critical driver of the group's competitiveness in the market. TomTom strives to gain efficiencies mainly in the map content production process and benefits...

  • Page 24
    p 22 / TomTom Annual Report and Accounts 2010 Management Board Report (continued) STOCK COMPENSATION CHARGES / OPERATING EXPENSES (in â,¬ millions) The company provides a number of share-based compensation plans to employees. Charges resulting from these plans are calculated in accordance with ...

  • Page 25
    ... 2010 were in our map database, data centres and navigation technologies. Cash ï¬,ow used in financing activities is mainly related to the term loan repayment of â,¬210 million. DEBT FINANCING / 600 550 500 450 400 350 300 250 200 368 150 100 50 0 2007 2008 2009 2010 2010 CASHFLOW DEVELOPMENT...

  • Page 26
    ... business units and technology teams earlier in the year. GLOBAL CAPABILITIES / The employee base in TomTom is diverse and geographically spread. In 2010, we made plans to increase the number of employees involved in engineering activities in Central Europe and India. We developed a global location...

  • Page 27
    ... directly to the device using cellular networks. (3) eCommerce represents our online store for products, accessories and service subscriptions. (4) Map distribution is the technology enabling our users to upgrade or add new maps to their devices. (5) Location Based Services deliver maps, routes...

  • Page 28
    ... Annual Report and Accounts 2010 Corporate Social Responsibility We have built our corporate social responsibility (CSR) strategy around the following areas: social and environmental impact, compliance and community. We help ï¬,eets to drive more responsibly through our ï¬,eet management business...

  • Page 29
    ...fied and TomTom informs its end-users on the appropriate disposal of devices. SUPPLY CHAIN MANAGEMENT / COMMUNITY As part of our corporate social responsibility strategy we take our responsibility towards the communities in which we live and work seriously. We promote road safety and encourage...

  • Page 30
    ... Control Report The Management Board is responsible for risk management and internal control systems. The Management Board believes that the company maintains an adequate and effective system of risk management and internal control that complies with the Dutch Code of Corporate Governance. Internal...

  • Page 31
    ... / TomTom Annual Report and Accounts 2010 Business Risks Our group can be adversely affected by a variety of business risks and economic developments. In order to manage our most important risks we update our business risk profile every year. The business risk profile captures the most important...

  • Page 32
    ... price of the products and our market share relative to other competing navigation solutions. We plan our business based on management estimates of average selling price and volume in the PND market and growth in demand for navigation on alternative delivery platforms. If the average selling price...

  • Page 33
    p 31 / TomTom Annual Report and Accounts 2010 Our primary tool to strengthen and develop our brand is the quality of products and services we offer. This is supported by communicating the benefits of our products through marketing campaigns and co-marketing activities with retailers. We are ...

  • Page 34
    ... services We provide real-time services such as HD Traffic, IQ Routes and dynamic routing to our customers. Our subscription base in the ï¬,eet management business is growing and we are extending this service to new countries. Through our website, customers can buy our products and services online...

  • Page 35
    ... customers which helps improve the quality of our map data and live services we offer. Concerns have been raised about the possibility that GPS-based satellite navigation products could be used to violate personal privacy by potentially making available a record of a person's geographical location...

  • Page 36
    ... 2010. At the start of 2011 the outstanding amount of the term loan is â,¬598 million. Based on the annual redemption schedule, â,¬210 million is due in December 2011 and â,¬388 million in December 2012. The â,¬174 million revolving credit facility included in the facilities agreement remained...

  • Page 37
    ..., employees and business partners. In all of its corporate transactions its aim is maximum transparency and accountability. In view hereof, TomTom is committed to, and monitors, its corporate governance structure. As a listed company, TomTom is subject to the Dutch Corporate Governance Code...

  • Page 38
    .... During 2010, no such conï¬,icts of interests occurred. SUPERVISORY BOARD GENERAL / The main task of the Supervisory Board is to supervise the activities of the Management Board and the general course of affairs of TomTom and its business. The Supervisory Board assists the Management Board by...

  • Page 39
    ... to receive any payments under the company's pension or bonus schemes or under the option or share plans. For detailed information about the individual remuneration of members of the Supervisory Board see note 7 to the Financial Statements of TomTom NV included in this Annual Report, on page 68...

  • Page 40
    ... of the Management Board or the Supervisory Board. Shareholders representing, alone or in aggregate at least one-tenth of the company's issued and outstanding share capital may, pursuant to the Dutch Civil Code and TomTom's Articles of Association, request that a General Meeting of Shareholders...

  • Page 41
    ... that (i) the Management Board may now submit a statement of all share issues made during the past calendar quarter to the Trade Register quarterly (instead of after each issue) and (ii) the annual accounts must now be prepared within four months after the end of the financial year and this period...

  • Page 42
    ... shares for the purpose of executing the TomTom Employee Stock Option Plan 2009 and the TomTom Management Board Stock Option Plan 2009 (the "Stock Option Plans 2009"). This authorisation is granted for a period starting from the 2010 Annual General Meeting of Shareholders until the Annual General...

  • Page 43
    ... of the Management Board to issue preference shares and to grant rights to subscribe for such shares until 26 October 2011, which authority is limited to 50% of the aggregate issued and outstanding share capital (excluding issued and outstanding preference shares) of the company at the time of issue...

  • Page 44
    ...repurchase shares). The Management Board states that the information required to be disclosed under the Decree Article of the 10 EU Takeover Directive, to the extent applicable to TomTom, is included in this Corporate Governance section of this Annual Report. MANDATORY STATEMENT FOR LARGE COMPANIES...

  • Page 45
    p 43 / TomTom Annual Report and Accounts 2010 STATEMENT WITHIN THE MEANING OF ARTICLE 5:25C (2) (C) FINANCIAL MARKETS SUPERVISION ACT The Management Board is responsible for the preparation and fair presentation of the Financial Statements and for the preparation of the Management Report. This ...

  • Page 46
    ... research work in the field of Operations Research at the Business School of the Ghent University, he founded Informatics & Management Consultants (I&M) where, next to IT consultancy, he continued his work on digital map databases and routing. In 1989 I&M was integrated into the Dutch Tele Atlas...

  • Page 47
    ... August 2008, Guy was Chief Executive Officer of Kroymans Corporation BV, a company active in the automotive industry. In 2009 and 2010, Guy was the Chief Executive Director of Liquavista BV, a company active in the consumer electronic industry. Guy currently is a member of the Management Board of...

  • Page 48
    ... of these meetings the company's strategy featured, as well as presentations by senior management to inform the Supervisory Board of new developments and to provide updates on specific areas of the business. Other recurring agenda items were financial reviews, press releases, R&D, marketing and...

  • Page 49
    ... Board and Management Board the valuation of intangible assets, and the annual budget of the company. > > > the 2010 conditional grant of stock options to Management Board members under the TomTom Management Board Stock Option Plan 2009 (taking into account the ratio of fixed pay versus pay...

  • Page 50
    ... Management Board and the costs thereof to the company as well as the information described in best practice provision II.2.13 (d) of the Dutch Corporate Governance Code are presented in the notes to the Consolidated Financial Statements, on page 68, 69 and 70 of this Annual Report. 1. Base salary...

  • Page 51
    ...of this Remuneration Report. For 2010, the conditional grant of stock options to the Management Board members was based on a fixed pay versus pay-at-risk ratio. To be consistent with general market practice and the granting policy applicable to the other key company employees, this ratio was set at...

  • Page 52
    p 50 / TomTom Annual Report and Accounts 2010 Supervisory Board Report EMPLOYEE ARRANGEMENTS AND SEVERANCE AGREEMENTS All members of the Management Board have an employment contract with the company. The employment contract with Alain De Taeye entitled TomTom to request Alain De Taeye to resign ...

  • Page 53
    ... and maintained open communication lines, with the Chairman of the Audit Committee. Under the direction of the Audit Committee, the Business Assurance team develops the internal audit rotation plan. This is done in close consultation with executive management to determine the most important areas of...

  • Page 54
    ... of the Management Board, have signed the Financial Statements for 2010. The Supervisory Board recommends to the General Meeting of Shareholders to adopt the Annual Accounts for 2010. The Annual Report for 2010 is available at the company's offices on request and on the company's website. Upon...

  • Page 55
    ... of Cash Flows Consolidated Statement of Changes in Equity Notes to the Consolidated Financial Statements COMPANY FINANCIAL STATEMENTS OF TOMTOM NV 87 88 89 91 Company Statement of Income of TomTom NV Company Balance Sheet of TomTom NV Notes to the Company Financial Statements Other Information

  • Page 56
    ... TomTom Annual Report and Accounts 2010 Consolidated Statement of Income for the year ended 31 December (â,¬ in thousands) Notes 2010 2009 Revenue Cost of sales Gross result Operating expenses Research and development expenses Amortisation of technology and databases Marketing expenses Selling...

  • Page 57
    p 55 / TomTom Annual Report and Accounts 2010 Consolidated Statement of Comprehensive Income for the year ended 31 December (â,¬ in thousands) 2010 2009 Net result Other comprehensive income: Currency translation differences Cash flow hedge Other comprehensive income for the year Total ...

  • Page 58
    p 56 / TomTom Annual Report and Accounts 2010 Consolidated Balance Sheet as at 31 December (â,¬ in thousands) Notes 2010 2009 Assets Non-current assets Goodwill Other intangible assets Property, plant and equipment Investments in associates Deferred tax assets Total non-current assets Current...

  • Page 59
    p 57 / TomTom Annual Report and Accounts 2010 Consolidated Statement of Cash Flows for the year ended 31 December (â,¬ in thousands) Notes 2010 2009 Cash flows from operating activities Operating result Financial losses Amortisation of intangible assets Depreciation of property, plant and ...

  • Page 60
    .../ TomTom Annual Report and Accounts 2010 Consolidated Statement of Changes in Equity (â,¬ in thousands) Notes Share capital Share premium Other Accumulated reserves1 deficit Total Minority interests Total equity Balance as at 31 December 2008 Comprehensive income Result for the year Other...

  • Page 61
    ... / TomTom Annual Report and Accounts 2010 Notes to the Consolidated Financial Statements 1. GENERAL TomTom NV (the "company") has its statutory seat and headquarters in Amsterdam, the Netherlands. The activities of the company include the development and sale of location and navigation solutions...

  • Page 62
    p 60 / TomTom Annual Report and Accounts 2010 Notes to the Consolidated Financial Statements 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Foreign currencies (continued) Group companies For consolidation purposes, the assets and liabilities of entities that have a functional currency...

  • Page 63
    ... content of our digital map database to customers for perpetual use or for a fixed period of time. Revenue is recognised when the product is sold to the end-user. Where the data is licensed for a fixed period of time, revenue recognition depends on the use of the data as reported by the customer...

  • Page 64
    ... management strategy. Government grants The group receives government grants related to the research and development activities performed by the group. Government grants are recognised at their fair value when there is a reasonable assurance that the group will comply with the conditions attached...

  • Page 65
    ... / TomTom Annual Report and Accounts 2010 Notes to the Consolidated Financial Statements 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Stock compensation expense The group operates a number of equity-settled share option plans, as well as a cash-settled performance share plan. Share...

  • Page 66
    ...The estimated useful lives of the intangible assets are as follows: Databases and tools Customer relationships Computer software Acquired technology 10-20 years 20-27 years 2-5 years 4-5 years Customer relationships include customers for Tele Atlas maps; there is a high cost to change map providers...

  • Page 67
    .../ TomTom Annual Report and Accounts 2010 Notes to the Consolidated Financial Statements 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Financial assets The group classifies its financial assets in the following categories: at fair value through profit or loss (held for trading) and...

  • Page 68
    .../ TomTom Annual Report and Accounts 2010 Notes to the Consolidated Financial Statements 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Share premium The share premium represents the amount by which the fair value of the consideration received exceeds the nominal value of shares issued...

  • Page 69
    ... Board to assess the performance of the segments. Internal management reporting is based upon four main segments (Consumer, Automotive, Licensing and Business Solutions) which are presented as reportable segments in these financial statements. As part of the integration of the former Tele Atlas...

  • Page 70
    ... in our internal reporting structure a reallocation of revenue between sale of goods and rendering of services took place. For comparative purposes the 2009 figures have been changed accordingly. External revenue - geographical areas (â,¬ in thousands) 2010 2009 Europe North America Rest of the...

  • Page 71
    p 69 / TomTom Annual Report and Accounts 2010 Notes to the Consolidated Financial Statements 7. EMPLOYEE BENEFITS (continued) Remuneration policy for members of the Management Board and the Supervisory Board (continued) The actual bonus pay-out depends on certain challenging financial targets (...

  • Page 72
    p 70 / TomTom Annual Report and Accounts 2010 Notes to the Consolidated Financial Statements 7. EMPLOYEE BENEFITS (continued) The following tables summarise information about share options and performance shares granted to members of the Management Board. Stock option plan Outstanding 1 Jan 2010...

  • Page 73
    p 71 / TomTom Annual Report and Accounts 2010 Notes to the Consolidated Financial Statements 9. FINANCIAL INCOME AND EXPENSES Financial income and expenses include the following items: (â,¬ in thousands) 2010 2009 Interest income Interest expense Interest result Other financial result Exchange ...

  • Page 74
    p 72 / TomTom Annual Report and Accounts 2010 Notes to the Consolidated Financial Statements 12. EARNINGS PER SHARE The calculation of basic and diluted earnings per share is based on the following data: (â,¬ in thousands) 2010 2009 Earnings Earnings (net result attributed to equity holders) ...

  • Page 75
    ... assets include technology, customer relationships, brand name and software. All intangible assets besides goodwill have finite useful lives. Goodwill has an indefinite useful life. The database as acquired at acquisition date represents all stored routing data used for our digital maps and has...

  • Page 76
    ... thousands) 2010 Consumer Automotive Licensing Business Solutions 641,831 83,389 85,217 44,276 854,713 (â,¬ in thousands) 2009 TomTom Tele Atlas Total 710,584 144,129 854,713 The recoverable amount of a CGU is determined based on the higher of the value in use or fair value less cost to sell...

  • Page 77
    p 75 / TomTom Annual Report and Accounts 2010 Notes to the Consolidated Financial Statements 13. INTANGIBLE ASSETS (continued) A sensitivity analysis was performed for the discount rate and the perpetual growth percentage for our segments. The sensitivity of the enterprise value is detailed below...

  • Page 78
    p 76 / TomTom Annual Report and Accounts 2010 Notes to the Consolidated Financial Statements 15. INVESTMENTS IN ASSOCIATES The movements in the investments in associates can be specified as follows: (â,¬ in thousands) 2010 2009 Balance as at 1 January Result associates Other direct equity ...

  • Page 79
    p 77 / TomTom Annual Report and Accounts 2010 Notes to the Consolidated Financial Statements 17. TRADE RECEIVABLES (continued) The following summarises the movement in the allowance for doubtful trade receivables account: (â,¬ in thousands) 2010 2009 Balance as at 1 January Acquisition of ...

  • Page 80
    p 78 / TomTom Annual Report and Accounts 2010 Notes to the Consolidated Financial Statements 19. OTHER FINANCIAL ASSETS Other financial assets include derivative financial instruments. Derivatives held for trading are classified as a current asset or liability. Derivatives in a hedging ...

  • Page 81
    ... to the Corporate Governance section in the Annual Report. In 2010, 90,011 shares were issued following the exercise of share options by employees (2009: 1,534,787). Our reserves are freely distributable except for â,¬41 million of legal reserves. Note 6 in our Company Financial Statements provides...

  • Page 82
    p 80 / TomTom Annual Report and Accounts 2010 Notes to the Consolidated Financial Statements 22. SHARE-BASED COMPENSATION (continued) Share option plan 2009: Under this plan the group issued 6.0 million stock options in May 2010 (2009: 5.8 million). The 2009 share option plan qualifies as an '...

  • Page 83
    p 81 / TomTom Annual Report and Accounts 2010 Notes to the Consolidated Financial Statements 22. SHARE-BASED COMPENSATION (continued) Valuation assumptions The fair value of the performance shares granted in 2008 was determined by a valuation model. The model contains several input variables, ...

  • Page 84
    p 82 / TomTom Annual Report and Accounts 2010 Notes to the Consolidated Financial Statements 24. BORROWINGS (continued) Relevant period ending Interest cover1 Leverage ratio2 31 December 2010 30 June 2011 31 December 2011 30 June 2012 31 December 2012 5.00 5.00 5.00 5.00 5.00 3.00 2.50 2.00 2....

  • Page 85
    ... / TomTom Annual Report and Accounts 2010 Notes to the Consolidated Financial Statements 25. DEFERRED INCOME TAX As at 31 December 2010, the group has a deferred tax liability of â,¬211 million (2009: â,¬222 million). A deferred tax asset has been recorded amounting to â,¬22 million (2009: â,¬28...

  • Page 86
    p 84 / TomTom Annual Report and Accounts 2010 Notes to the Consolidated Financial Statements 26. PROVISIONS (continued) Claims, Litigation & Other provision The group made a provision for potential legal and tax risks in various jurisdictions. The legal matters mainly consist of intellectual ...

  • Page 87
    ... Annual Report and Accounts 2010 Notes to the Consolidated Financial Statements 29. COMMITMENTS AND CONTINGENT LIABILITIES (continued) Purchase commitments As at 31 December 2010, the group had open purchase commitments with our contract manufacturers for certain products and components. Based...

  • Page 88
    p 86 / TomTom Annual Report and Accounts 2010 Notes to the Consolidated Financial Statements 33. FINANCIAL INSTRUMENTS BY CATEGORY The following table presents the group's financial instruments according to the categories as defined in IAS 39: Assets / liabilities at fair value through profit ...

  • Page 89
    ...87 / TomTom Annual Report and Accounts 2010 Company Statement of Income of TomTom NV for the year ended 31 December (â,¬ in thousands) Notes 2010 2009 Result of subsidiaries after taxation Other income and expenses after tax Net result The notes on pages 89 to 90 are an integral part of these...

  • Page 90
    p 88 / TomTom Annual Report and Accounts 2010 Company Balance Sheet of TomTom NV as at 31 December (before proposed appropriation of result) (â,¬ in thousands) Notes 2010 2009 Assets Non-current assets Investments in subsidiaries Deferred tax asset Other financial assets Total non-current ...

  • Page 91
    p 89 / TomTom Annual Report and Accounts 2010 Notes to the Company Financial Statements 1. PRESENTATION OF FINANCIAL STATEMENTS AND RECOGNITION AND MEASUREMENT PRINCIPLES The description of the activities of TomTom NV (the "company") and the company structure, as included in the notes to the ...

  • Page 92
    p 90 / TomTom Annual Report and Accounts 2010 Notes to the Company Financial Statements 6. OTHER RESERVES Legal reserve participations Cumulative translation adjustment Total legal reserves Stock compensation reserve (in â,¬ thousands) Total Balance as at 31 December 2008 Currency translation...

  • Page 93
    ...The Management Board proposes to add the net result in full to the accumulated deficit. STICHTING CONTINUÏTEIT TOMTOM For a description of the Stichting Continuïteit TomTom (the "Foundation"), reference is made to the Corporate Governance section in the Annual Report. AUDITOR'S REPORT Reference...

  • Page 94
    .... The Company Financial Statements comprise the company balance sheet as at 31 December 2010, the company profit and loss account for the year then ended and the notes, comprising a summary of the accounting policies and other explanatory information. MANAGEMENT'S RESPONSIBILITY Management is...

  • Page 95
    ... results Q1 2011 - Annual General Meeting of Shareholders - Publication results Q2 2011 - Publication results Q3 2011 SHARES OUTSTANDING At the end of the year TomTom NV had 221,808,085 shares outstanding. The number of options outstanding was 17,188,562. MAJOR SHAREHOLDERS At the end of 2010 the...

  • Page 96
    ...94 / TomTom Annual Report and Accounts 2010 Shareholder Information SHARE PRICE DEVELOPMENT 8 7 6 5 4 TomTom 3 2 1 0 Jan 10 Feb 10 Mar 10 April 10 May 10 June 10 July 10 Aug 10 Sept 10 Oct 10 Nov 10 Dec 10 AEX (rebased) Information about our current share price is available on our website: (http...

  • Page 97
    p 95 / TomTom Annual Report and Accounts 2010 Key Figures Overview TomTom (in â,¬ millions, unless otherwise stated) 2010 2009 2008 2007 2006 Income and expenses Revenue Gross profit Operating result1 Net result (attributed to equity holders)1 Data per share Earnings per share (in â,¬) - ...

  • Page 98
    ... strict procedures in place to safeguard the environment through all their processes. They have also registered and have had audits done by the Carbon Trust to reduce their Carbon Footprint. The coated paper used in this report contains material sourced from responsibly managed forests, certified...

  • Page 99

  • Page 100
    TomTom NV Oosterdoksstraat 114 1011 DK Amsterdam The Netherlands Tel: +31 (0)20 757 5000 www.tomtom.com