Annual Report 2008 - Securitas

Note 20. Tangible non-current assets
Buildings and land 1, 3 Machinery and equipment 2, 3
MSEK 2008 2007 2006 2008 2007 2006
Opening balance 1,195.0 1,283.5 1,360.3 11,537.8 11,188.1 12,543.9
Acquisitions/divestitures 2.9 67.5 6.9 125.2 229.6 23.4
capital expenditures 12.4 22.7 21.8 1,748.9 1,634.8 2,277.8
Disposals/write-offs –47.9 –233.1 –21.7 –720.3 –1,494.2 –1,086.9
Reclassification –10.8 40.9 –14.1 24.0 –20.3 88.0
Discontinued operations –547.9 – –31.2 –7,194.3 – –3,273.3
Translation difference 173.2 13.5 –38.5 1,154.1 –0.2 615.2
Closing accumulated balance 776.9 1,195.0 1,283.5 6,675.4 11,537.8 11,188.1
Opening depreciation –436.6 –412.8 –394.6 –7,592.4 –7,286.3 –7,568.1
Acquisitions/divestitures –0.3 –13.5 –0.2 –33.3 –110.3 –14.7
Disposals/write-offs 20.2 56.9 1.1 630.6 1,143.3 772.1
Reclassification –3.0 –20.8 –2.8 –15.9 2.9 –71.5
Depreciation for the year, continuing operations –16.0 –16.2 –15.2 –755.7 –702.7 –707.5
Depreciation for the year, discontinued operations –15.5 –24.4 –23.0 –579.8 –637.6 –1,035.3
Discontinued operations 186.6 – 10.8 4 595,9 – 1,780.3
Translation difference –65.9 –5.8 11.1 –889,3 –1.7 –441.6
Closing accumulated depreciation –330.5 –436.6 –412.8 –4,639.9 –7,592.4 –7,286.3
Opening impairment losses –52.3 –21.9 – – –4.1 –
Impairment losses, continuing operations – – –21.9 – – –4.1
Impairment losses, discontinued operations – –30.4 – – – –
Discontinued operations 33.4 – – – – –
Translation difference –7.5 – – – – –
Divestitures 4.6 – – – 4.1 –
Closing accumulated impairment losses –21.8 –52.3 –21.9 – – –4.1
Closing residual value 424.6 706.1 848.8 2,035.5 3,945.4 3,897.7
Tax assessment value of properties in Sweden – – – – – –
1 The closing residual value of land included in Buildings and land above was MSEK 59.4 (114.0 and 112.3).
The decrease relates to discontinued operations.
2 Machinery and equipment comprises vehicles, equipment, security equipment (including alarm systems)
and IT and telecom equipment.
Note 21. Shares in associated companies
MSEK 2008 2007 2006
Opening balance 103.5 172.7 178.6
Purchase price 1 2.0 102.9 –
Liquidation 2 – –181.1 –
Share in income of associated
companies –0.4 2.5 1.2
Translation differences –0.2 6.5 –7.1
Closing balance 3 104.9 103.5 172.7
1 walsons Services Pvt Ltd MSEK 2.0 (102.8) and Facility Network A/S MSEK – (0.1).
2 refers to Securitas Employee convertible 2002 Holding S.A.
3 Of which goodwill MSEK 99.7 (98.1 and –) and acquisition related intangible assets
MSEK 6.9 (7.4 and –).
HOLDINGS 2007–2008
3 Of which closing residual value under finance leases in 2008 for Buildings and land MSEK – (36.6 and
74.0) and for Machinery and equipment MSEK 230.8 (306.4 and 332.6). The decrease relates to discontinued
operations.
Attributable to the Group
Name Domicile Share of capital, % Assets Liabilities Sales Net income
Holdings 2008
walsons Services Pvt Ltd Delhi 49 16.6 14.1 39.4 –0.4
Facility Network A/S copenhagen 20 0.6 0.4 0.8 0.0
Holdings 2007
walsons Services Pvt Ltd Delhi 49 12.9 10.5 5.3 0.3
Facility Network A/S copenhagen 20 0.7 0.3 0.2 0.0
The holding for 2006 refers to Securitas Employee convertible 2002 Holding S.A, with domicile in Luxembourg. The share of equity was 43.1 percent.
Following the redemption of the convertible debenture loan 2002/2007 the company was liquidated during 2007.
Annual report
Notes and comments to the consolidated financial statements
Securitas Annual report 2008
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