TomTom 2005 Annual Report Download - page 72

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72
6.฀Additional฀information฀regarding฀operating฀expenses
Included฀in฀the฀operating฀expenses฀are,฀amongst฀others,฀the฀following฀items:
฀ 2004฀ 2005
(in฀
฀thousands)
Personnel฀expenses฀-฀salaries฀ 7,039฀ 17,636
Personnel฀expenses฀-฀social฀securities฀ 794฀ 1,622
Personnel฀expenses฀-฀pensions฀ 233฀ 498
Personnel฀expenses฀-฀granted฀share฀options฀ 1,044฀ 5,240
Wage฀tax฀-฀granted฀share฀options฀ 3,609฀ 0
Personnel฀expenses฀–฀other฀฀ 2,536฀ 6,607
฀ 15,255฀ 31,603
As฀agreed฀with฀the฀Dutch฀tax฀authorities,฀wage฀tax฀relating฀to฀certain฀share฀options฀is฀based฀on฀the฀agreed฀option฀value฀
at฀date฀of฀grant.฀A฀one-off฀wage฀tax฀charge฀of฀

3.6฀million฀relating฀to฀options฀granted฀in฀2003฀was฀assumed฀by฀the฀
Company฀in฀2004฀on฀behalf฀of฀the฀employees.฀The฀wage฀tax฀on฀the฀granted฀options฀is฀shown฀as฀a฀personnel฀expense฀
and฀is฀included฀under฀selling,฀general฀and฀administrative฀expenses฀(

3.4฀million)฀and฀within฀research฀and฀development฀
expenses฀(

0.2฀million)฀on฀the฀face฀of฀the฀income฀statement.
Operating฀expenses฀include฀an฀amount฀of฀

3.4฀million฀for฀depreciation฀and฀amortisation฀expenses฀(2004:฀

1.1฀million).
฀ 2004฀ 2005
(in฀
฀thousands)
Amortisation฀expenses฀ 292฀ 1,579
Depreciation฀expenses฀ 836฀ 1,844
1,128฀ 3,423