Statutory provision with respect to appropriation of results
According to the company's Articles of Association, the company's result is freely at the disposal of the shareholders, provided that total shareholders' equity exceeds the called-up and paid-up capital of the company, increased by legal and statutory reserves.
There has been no subsequent event from 31 December 2014 to the date of issue of these financial statements.
Proposed appropriation of result
The Management Board proposes to add the net result in full to the Accumulated deficit.
Foundation Continuity TomTom
For a description of the Foundation Continuity TomTom, refer to the Corporate Governance section in this annual report.
Reference is made to the Independent Auditor's Report section in this annual report.