TomTom 2008 Annual Report Download - page 49

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/ 47
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’
EQUITY OF TOMTOM NV
Stock
compen- Retained
Share Share Legal sation earnings/ Minority
(€ in thousands) Notes capital premium reserves reserve (deficit) Equity interests Total
Balance as at
31 December 2006 22,584 115,075 2,804 32,364 377,963 550,790 0 550,790
Translation differences 00-1,548 00-1,548 0 -1,548
Transfer to legal reserves 004,576 0 -4,576 000
Net income (expense)
recognised directly in equity 003,028 0 -4,576 -1,548 0 -1,548
Result for the year 0000317,242 317,242 0 317,242
Total recognised income
and expense 003,028 0 312,666 315,694 0 315,694
Stock compensation reserve 21 00027,208 6,031 33,239 0 33,239
Issue of share capital 20 1,773 451,661 0 -807 0 452,627 0 452,627
Balance as at
31 December 2007 24,357 566,736 5,832 58,765 696,660 1,352,350 0 1,352,350
Translation differences 008,452 008,452 0 8,452
Transfer to legal reserves 0018,462 0 -18,462 000
Net income (expense)
recognised directly in equity 0026,914 0 -18,462 8,452 0 8,452
Result for the year 0000-872,585 -872,585 537 -872,048
Total recognised income
and expense 0026,914 0 -891,047 -864,133 537 -863,596
Acquisition of subsidiary 29 0000005,096 5,096
Exchange rate result minority
interest 000000-669 -669
Stock compensation reserve 21 00012,787 0 12,787 0 12,787
Issue of share capital 20 306 9,182 0 -2,083 0 7,405 0 7,405
Balance as at
31 December 2008 24,663 575,918 32,746 69,469 -194,387 508,409 4,964 513,373
Statutory provisions with respect to appropriation of results
According to the company’s Articles of Association, the company’s reserves, including share premium, may be
distributed to shareholders, provided that total shareholders’ equity exceeds the called-up and paid-up capital of the
company, increased by legal and statutory reserves.
Legal reserves
Legal reserves are non-distributable reserves that have been recorded for the amount of capitalised internal software
development costs and cumulative translation adjustments.
Stock compensation reserve
The stock compensation reserve represents the cumulative expense of issued share options that have been granted
but not exercised, together with the amount of tax benefit relating to the tax deduction that exceeds the related
cumulative expense.