TomTom 2014 Annual Report Download - page 52

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Notes to the consolidated financial statements
TomTom is committed to continuously develop its financial reporting and, as part of this development, the order of items in the
consolidated financial statements has been restructured to increase the focus on what drives the group's performance. The notes have
therefore been grouped into six sections. The notes contain the relevant financial information as well as a description of accounting policy
applied for the topic of the individual notes.
SECTION 1 GENERAL INFORMATION AND BASIS
OF REPORTING
53
1. General 53
2. Basis of preparation 53
3. Accounting estimates 54
SECTION 2 RESULTS OF THE YEAR 55
4. Segment reporting and revenue 55
5. Cost of sales 57
6. Personnel expenses 57
7. Share-based compensation 58
8. Depreciation and amortisation 60
9. Government grants 60
10. Income tax 60
11. Deferred income tax 61
SECTION 3 NON-CURRENT ASSETS AND
INVESTMENTS
62
12. Intangible assets 62
13. Property, plant and equipment 64
14. Impairment testing of non-financial assets 64
15. Business combinations 66
16. Investments in associates 67
SECTION 4 WORKING CAPITAL 68
17. Inventories 68
18. Trade receivables 68
19. Other receivables and prepayments 69
20. Other financial assets/liabilities 69
21. Cash and cash equivalents 69
22. Trade payables 70
23. Accruals and other liabilities 70
SECTION 5 FINANCING, FINANCIAL RISK
MANAGEMENT AND FINANCIAL INSTRUMENTS
71
24. Shareholder's equity 71
25. Earnings per share 71
26. Non-controlling interests (minority interests) 72
27. Borrowings 73
28. Financial risk management 73
29. Financial instruments 75
30. Financial income and expenses 76
SECTION 6 OTHER DISCLOSURES 77
31. Provisions 77
32. Commitments, contingent assets and liabilities 78
33. Remunerations of members of the Management
Board and the Supervisory Board
78
34. Related party transactions 80
35. Auditor's remuneration 80
CONTENTS OVERVIEW MANAGEMENT
BOARD REPORT CORPORATE
GOVERNANCE SUPERVISORY
BOARD REPORT FINANCIAL
STATEMENTS SUPPLEMENTARY
INFORMATION
ANNUAL REPORT AND ACCOUNTS 2014 / 52