TomTom 2012 Annual Report Download - page 36
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TomTom Annual Report and Accounts 2012
34
Consolidated Statement of Income
for the year ended 31 December
(€ in thousands) Notes 2012 2011
REVENUE 51,057,134 1,273,217
Cost of sales 6502,398 633,545
GROSS RESULT 554,736 639,672
OPERATING EXPENSES
Research and development expenses 166,315 172,822
Amortisation of technology and databases 84,011 84,619
Marketing expenses 57,305 78,062
Selling, general and administrative expenses 169,716 208,917
Impairment charge 13 0511,936
Stock compensation expense 7,140 7,985
TOTAL OPERATING EXPENSES18484,487 1,064,341
OPERATING RESULT 70,249 – 424,669
Interest result 9– 12,084 – 21,862
Other fi nancial result 91,642 6,093
Result of associates 15 726 – 432
RESULT BEFORE TAX 60,533 – 440,870
Income tax 10 68,660 1,919
NET RESULT 129,193 – 438,951
Attributable to:
– Equity holders of the parent 128,724 – 437,844
– Non-controlling interests 23 469 – 1,107
NET RESULT 129,193 – 438,951
EARNINGS PER SHARE (in €) 12
Basic 0.58 – 1.97
Diluted 0.58 – 1.97
1 Our operating expenses in 2011 include restructuring expenses of €14.8 million.
The notes on pages 39 to 68 are an integral part of these consolidated fi nancial statements.