content_image/257636.jpg content_image/257644.jpg content_image/257645.jpg
3. Other disclosures to the income statement continued 

## b) Directors’ remuneration 

<img src='content_image/257636.jpg'>

<img src='content_image/257644.jpg'>

The highest paid director exercised 329,940 (2011: 370,820) share options during the year. 

## c) Interest income and interest expense 

Interest income and expenses comprise the following items: 

<img src='content_image/257645.jpg'>

## d) Government grants 

The Group receives government grants for research and development activities of its Dutch design centre. Under the condition that technologies are new to the company and performed by the Group’s employees, grants can be received for its development. The grants are based on an estimated number of hours spent on these R&D activities. In 2012 the Group received grants in the amount of US$1,078,000 (2011: US$1,493,000). In the profit and loss account the grants received were deducted from research and development expenses. In addition in 2012 the company received a grant in the form of a tax relief, an amount of US$2,356,000 can be deducted from a positive taxable income in the Netherlands. 

