TomTom updates financial disclosures
Mar 16, 2021
Amsterdam, The Netherlands, 16 March 2021, 07:30 CEST - TomTom (TOM2), today announced it is implementing changes to its financial disclosures with effect from 1 January 2021.
TomTom will change the presentation of operating expenses to provide more insight into its business activities. Research and development expenses will be disclosed as two categories: Geographical data (e.g. mapmaking platform and mapping content) and Application layer (e.g. navigation software, traffic and travel information, Maps APIs). Also, the previous disclosure of operating expenses included Amortization of technology and databases as a separate category which is less relevant going forward as the Tele Atlas map databases were fully amortized in 2020.
Additionally, Sales and marketing expenses are combined as one category and General and administrative expenses are presented as a separate category.
The restated quarterly figures for the period 2019 - 2020 are available on our website.
Restated figures on a full-year basis are presented below:
Contact: Investor Relations: ir@tomtom.com
About TomTom
Billions of data points. Millions of sources. Thousands of communities.
We are the mapmaker bringing it all together to build the world’s smartest map. We provide location data and technology to drivers, carmakers, businesses and developers. Our application-ready maps, routing, real-time traffic, APIs and SDKs empower the dreamers and doers to move our world forward.
Headquartered in Amsterdam with 3,300 employees around the globe, TomTom has been shaping the future of mobility for over 30 years.
www.tomtom.com