TomTom 2008 Annual Report Download - page 2

Download and view the complete annual report

Please find page 2 of the 2008 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 84

  • 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

REVIEW
01 Highlights
02 Chief executive statement
04 Profile, structure, mission and strategy
06 Business unit profiles
12 Management Board report
24 Profile of the Management Board and
Supervisory Board
26 Supervisory Board report
30 Corporate governance
36 Business risks
40 Risk management and internal control report
41 Corporate social responsibility at TomTom
FINANCIAL STATEMENTS
44 Consolidated income statement of TomTom NV
45 Consolidated balance sheet of TomTom NV
46 Consolidated statement of cash flow of TomTom NV
47 Consolidated statement of changes in stockholders’
equity of TomTom NV
48 Notes to the consolidated Financial Statements
of TomTom NV
COMPANY FINANCIAL STATEMENTS OF TOMTOM NV
75 Company income statement of TomTom NV
76 Company balance sheet of TomTom NV
77 Notes to the company Financial Statements
78 Other information
79 Auditor’s report to the Financial Statements
80 INVESTOR INFORMATION
81 KEY FIGURES OVERVIEW
FORWARD-LOOKING STATEMENTS/IMPORTANT NOTICE
This document contains certain forward-looking statements with respect to the financial condition, results of operations and business
of TomTom and certain of the plans and objectives of TomTom with respect to these items. By their nature, forward-looking statements
involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. Actual results may
differ materially from those expressed in these forward-looking statements, and you should not place undue reliance on them. We have
based these forward-looking statements on our current expectations and projections about future events, including numerous assumptions
regarding our present and future business strategies, operations and the environment in which we will operate in the future. There are
a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these
forward-looking statements. These factors include, but are not limited to, levels of customer spending in major economies, changes in
consumer tastes and preferences, changes in law, the performance of the financial markets, the levels of marketing and promotional
expenditures by TomTom and its competitors, raw materials and employee costs, changes in exchange and interest rates (in particular
changes in the US dollar and GB pound versus the euro can materially affect results), changes in tax rates, future business combinations,
acquisitions or disposals, the rate of technological changes, political and military developments in countries where TomTom operates and
the risk of a downturn in the market.
Statements regarding market share, including TomTom’s competitive position, contained in this document are based on outside sources
such as specialised research institutes, industry and dealer panels in combination with management estimates. Where full-year information
regarding 2008 is not yet available to TomTom, those statements may also be based on estimates and projections prepared by outside
sources or management. Market shares are based on sales in units unless otherwise stated.
The forward-looking statements contained refer only to the date on which they are made, and we do not undertake any obligation to
update any forward-looking statement to reflect events or circumstances after the date of this Annual Report.
CONTENTS