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TomTom Annual Report and Accounts 2012
32
Supervisory Board Report | continued
Financial Statements
—
The consolidated annual Financial Statements of the company
for 2012, as prepared by the Management Board, have been
audited by Deloitte Accountants BV. The Supervisory Board has
approved these Financial Statements for 2012 and all individual
members of the Supervisory Board, together with the members of
the Management Board, have signed the Financial Statements for
2012. The Supervisory Board recommends to the Annual General
Meeting to adopt the Annual Accounts for 2012. The Annual
Report for 2012 is available at the company’s offi ces on request
and on the company’s website. Upon adoption of the Annual
Accounts for 2012, and in accordance with article 2:394 of the
Dutch Civil Code and article 5:25o of the Financial Supervision
Act, the Management Board will fi le the Annual Accounts for
2012 with the AFM. The members of the Supervisory Board
have signed the annual Financial Statements pursuant to the
statutory obligation under article 2:101 (2) Dutch Civil Code. The
Supervisory Board would like to thank the Management Board
members and all employees for their dedication and hard work
in 2012.
Amsterdam, 12 February 2013
Supervisory Board
Karel Vuursteen
Doug Dunn
Guy Demuynck
Rob van den Bergh
Ben van der Veer
Peter Wakkie
service to the company during 2013. Resolutions proposing their
re-appointment will be submitted to the forthcoming Annual
General Meeting.
During 2012 the external auditor attended each of the four Audit
Committee meetings to address agenda items relating to the
external fi nancial reporting and related press releases. The Audit
Committee and the external auditor also met separately, without
the Management Board present, in order to facilitate free and
open discussions.
The Audit Committee reviewed the independence of the external
auditor, taking into account qualitative and quantitative factors.
The committee concluded that the external auditor has suffi cient
objectivity and independence to perform the external audit
function. Below a summary is provided of services performed by
Deloitte Accountants BV, its network affi liates and the fees earned.
Type of service
€ in thousands 2012
% of
total 2011
% of
total
Audit – group 440 41% 436 31%
Audit – statutory 191 18% 236 17%
Audit related
services160 6% 131 9%
Tax compliance2380 35% 626 43%
Total 1,071 100% 1,429 100%
1 During 2012 audit related services consisted of quarterly analytical
procedures.
2 Tax compliance comprises local tax compliance services including local tax
fi lings and HR related compliance services.