TomTom 2010 Annual Report Download - page 2

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FORWARD-LOOKING STATEMENTS/IMPORTANT NOTICE
This document contains certain forward-looking statements with respect to the financial condition, results of operations and business of TomTom and certain of the
plans and objectives of TomTom with respect to these items. In particular the words “expect”, “anticipate”, “estimate”, “may”, “should”, “believe” and similar
expressions are intended to identify forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to events
and depend on circumstances that will occur in the future. Actual results may differ materially from those expressed in these forward-looking statements, and you
should not place undue reliance on them. We have based these forward-looking statements on our current expectations and projections about future events,
including numerous assumptions regarding our present and future business strategies, operations and the environment in which we will operate in the future. There
are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.
These factors include, but are not limited to, levels of customer spending in major economies, changes in consumer tastes and preferences, changes in law, the
performance of the financial markets, the levels of marketing and promotional expenditures by TomTom and its competitors, raw materials and employee costs,
changes in exchange and interest rates (in particular changes in the US dollar and GB pound versus the euro can materially affect results), changes in tax rates, future
business combinations, acquisitions or disposals, the rate of technological changes, political and military developments in countries where TomTom operates and
the risk of a downturn in the market.
Statements regarding market share, including TomTom’s competitive position, contained in this document are based on outside sources such as specialised research
institutes, industry and dealer panels in combination with management estimates. Where full-year information regarding 2010 is not yet available to TomTom, those
statements may also be based on estimates and projections prepared by outside sources or management. Market shares are based on sales in units unless otherwise
stated. The forward-looking statements contained refer only to the date on which they are made, and we do not undertake any obligation to update any forward-
looking statement to reflect events or circumstances after the date of this Annual Report.
REVIEW
01 Introduction
02 CEO Letter
04 Profile
05 Mission, Vision and Strategy
07 Three Stories
08 Broadening our customer base
10 Navigation in a changing world
12 Traffic
15 Four Business Units
16 Management Board Report
26 Corporate Social Responsibility
28 Internal Control Report
29 Business Risks
35 Corporate Governance
44 Profiles of the Management Board
45 Profiles of the Supervisory Board
46 Supervisory Board Report
CONSOLIDATED FINANCIAL STATEMENTS
54 Consolidated Statement of Income
55 Consolidated Statement of Comprehensive Income
56 Consolidated Balance Sheet
57 Consolidated Statement of Cash Flows
58 Consolidated Statement of Changes in Equity
59 Notes to the Consolidated Financial Statements
COMPANY FINANCIAL STATEMENTS
87 Company Statement of Income of TomTom NV
88 Company Balance Sheet of TomTom NV
89 Notes to the Company Financial Statements
91 Other Information
93 SHAREHOLDER INFORMATION
95 KEY FIGURES OVERVIEW