TomTom 2013 Annual Report Download - page 85

Download and view the complete annual report

Please find page 85 of the 2013 TomTom annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 93

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93

To: the Shareholders and Supervisory Board of TomTom NV
Report on the financial statements
We have audited the accompanying financial statements 2013 of TomTom NV, Amsterdam. The financial statements include the consolidated
financial statements and the company financial statements. The consolidated financial statements comprise the consolidated balance sheet
as at 31 December 2013, the consolidated statement of income, the consolidated statement of comprehensive income, the consolidated
statement of cash flows and the consolidated statement of changes in equity for the year then ended, and notes to the consolidated financial
statements, comprising a summary of the significant accounting policies and other explanatory information. The company financial statements
comprise the company balance sheet as at 31 December 2013, the company statement of income for the year then ended and the notes to
the company financial statements, comprising a summary of the accounting policies and other explanatory information.
Management's responsibility
Management is responsible for the preparation and fair presentation of these financial statements in accordance with International Financial
Reporting Standards as adopted by the European Union and with Part 9 of Book 2 of the Dutch Civil Code, and for the preparation of the
management board report in accordance with Part 9 of Book 2 of the Dutch Civil Code. Furthermore management is responsible for such
internal control as it determines is necessary to enable the preparation of the financial statements that are free from material misstatement,
whether due to fraud or error.
Auditor's responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with
Dutch law, including the Dutch Standards on Auditing. This requires that we comply with ethical requirements and plan and perform the audit
to obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The
procedures selected depend on the auditor's judgement, including the assessment of the risks of material misstatement of the financial
statements, whether due to fraud or error.
In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial
statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion
on the effectiveness of the entity's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the
reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Opinion with respect to the consolidated financial statements
In our opinion, the consolidated financial statements give a true and fair view of the financial position of TomTom NV as at 31 December
2013 and of its result and its cash flows for the year then ended in accordance with International Financial Reporting Standards as adopted
by the European Union and with Part 9 of Book 2 of the Dutch Civil Code.
Opinion with respect to the company financial statements
In our opinion, the company financial statements give a true and fair view of the financial position of TomTom NV as at 31 December 2013
and of its result for the year then ended in accordance with Part 9 of Book 2 of the Dutch Civil Code.
Report on other legal and regulatory requirements
Pursuant to the legal requirement under Section 2:393 sub 5 at e and f of the Dutch Civil Code, we have no deficiencies to report as a result
of our examination whether the management board report, to the extent we can assess, has been prepared in accordance with Part 9 of
Book 2 of this Code, and whether the information as required under Section 2:392 sub 1 at b-h has been annexed. Further we report that
the management board report, to the extent we can assess, is consistent with the financial statements as required by Section 2:391 sub 4 of
the Dutch Civil Code.
Amsterdam, 11 February 2014
Deloitte Accountants BV
Signed by: B.E. Savert
Independent Auditor's Report
ANNUAL REPORT AND ACCOUNTS 2013 / 85