TomTom 2011 Annual Report Download - page 80

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TomTom Annual Report and Accounts 2011
78
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.
PROPOSED APPROPRIATION OF RESULT
The Management Board proposes to add the net result in full to the Accumulated defi cit.
STICHTING CONTINUITEIT TOMTOM
For a description of the Stichting Continuiteit TomTom (the ‘Foundation’), reference is made to the Corporate Governance section in the
Annual Report.
AUDITOR’S REPORT
Reference is made to the auditor’s report on page 79.
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