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TomTom Annual Report and Accounts 2012
52
Notes to the Consolidated Financial Statements | continued
7. REMUNERATION FOR MEMBERS OF THE MANAGEMENT BOARD AND THE SUPERVISORY BOARD (CONTINUED)
For a description of the stock option plans reference is made to note 22: Share-based compensation.
Overview of remuneration of members of the Supervisory Board
(€) 2012 2011
Karel Vuursteen (Chairman) 61,000 61,000
Doug Dunn 47,000 47,000
Guy Demuynck 51,000 51,000
Rob van den Bergh 47,000 47,000
Ben van der Veer 50,000 50,000
Peter Wakkie 48,000 48,000
304,000 304,000
8. ADDITIONAL INFORMATION REGARDING OPERATING EXPENSES
Included in the operating expenses are, amongst others, the following items:
(€ in thousands) 2012 2011
Salaries1150,781 176,060
Social security costs 25,493 23,646
Pensions 7,068 8,474
Share-based compensation 7,140 7,985
Other236,248 23,634
PERSONNEL EXPENSES 226,730 239,799
1 Salaries in 2011 include an amount of €10.1 million related to restructuring expenses.
2 Other personnel expenses include costs of secondary benefi ts such as health insurance, vehicle lease payments, sales commissions and bonuses.
Pension costs include the costs of the defi ned contribution plans amounting to €6.8 million (2011: €8.2 million) and the cost of the German
defi ned benefi t plan of € 0.3 million (2011: loss of € 0.2 million). The 2011 defi ned benefi t costs included actuarial gains of € 0.5 million.
The group’s pension plans primarily comprise of defi ned contribution plans, limiting the employer’s legal obligation to the amount it agrees
to contribute during the period of employment.
Employees in the United States are offered the opportunity to participate in the 401K pension plan, which involves no contribution or
obligation from the group besides withholding and paying the employee contribution.
Average number of employees
The average number of employees in 2012 was 3,477 (2011: 3,698) spread across the following functional areas:
2012 2011
Research and development 2,226 2,286
Marketing 109 112
Sales, general and administrative 1,142 1,300
3,477 3,698
At 31 December 2012, the group had 3,490 (2011: 3,677) employees. During 2012, 2,208 of TomTom’s employees worked outside
The Netherlands (2011: 2,226).
Operating expenses include an amount of €111 million for depreciation and amortisation expenses (2011: €119 million).
(€ in thousands) 2012 2011
Amortisation 95,999 98,590
Depreciation 14,671 20,507
TOTAL AMORTISATION AND DEPRECIATION 110,670 119,097
The costs for operating leases in 2012 amounted to € 13.7 million (2011: €18.5 million).