Annual Report 2008 - Securitas
Annual Report 2008 - Securitas
Annual Report 2008 - Securitas
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110<br />
<strong>Annual</strong> report<br />
Notes and comments to the consolidated financial statements<br />
cONDENSED STATEMENT OF INcOME<br />
MSEK <strong>2008</strong> 2007 2006<br />
Sales, external and intra-group 10,467.6 11,396.9 18,427.0<br />
Elimination of intra-group sales –19.0 –25.4 –477.2<br />
Total Sales 10,448.6 11,371.5 17,949.8<br />
Operating income before amortization<br />
including intra-group margin 672.1 293.5 1,445.7<br />
Elimination of intra-group margin – – –8.4<br />
Operating income before<br />
amortization 672.1 293.5 1,437.3<br />
Amortization and impairment of<br />
acquisition related intangible assets –13.8 –18.2 –31.2<br />
Acquisition related restructuring costs – –36.9 –14.3<br />
Items affecting comparability – –640.0 –1,511.1<br />
Operating income after<br />
amortization 658.3 –401.6 –119.3<br />
Financial income and expense –115.4 –90.0 –127.6<br />
Income before taxes 542.9 –491.6 –246.9<br />
Taxes –111.1 –336.4 –121.3<br />
Net income for the year 431.8 –828.0 –368.2<br />
cONDENSED STATEMENT OF cASH FLOw<br />
MSEK <strong>2008</strong> 2007 2006<br />
Cash flow from operations 436.8 302.3 1,686.6<br />
Cash flow from investing activities –764.5 –1,017.2 –1,521.5<br />
Cash flow from financing activities –462.8 1,373.8 –2,448.3<br />
Cash flow for the year –790.5 658.9 –2,283.2<br />
<strong>Securitas</strong> <strong>Annual</strong> report <strong>2008</strong><br />
ASSETS AND LIABILITIES<br />
MSEK<br />
Loomis<br />
Dec. 8,<br />
<strong>2008</strong><br />
Direct and<br />
Systems<br />
Sep. 29,<br />
2006<br />
Goodwill 3,024.0 2,513.5<br />
Acquisition related intangible assets 77.3 263.6<br />
Other intangible assets 44.2 121.0<br />
Tangible non-current assets 2,926.3 1,513.4<br />
Non-interest bearing financial non-current assets 364.7 128.6<br />
Interest bearing financial non-current assets 60.1 3.1<br />
Non-interest bearing current assets 2,975.2 3,037.0<br />
Liquid funds 453.9 639.5<br />
Total assets 9,925.7 8,219.7<br />
Non-interest bearing long-term liabilities – 1.1<br />
Interest bearing long-term liabilities 69.1 2,201.3<br />
Non-interest bearing provisions 999.2 227.6<br />
Non-interest bearing current liabilities 3,013.2 2,102.0<br />
Interest bearing current liabilities 2,981.4 73.7<br />
Total liabilities 7,062.9 4,605.7<br />
Net assets in discontinued operations 2,862.8 3,614.0<br />
cAPITAL EMPLOyED AND FINANcING<br />
MSEK<br />
Loomis<br />
Dec. 8,<br />
<strong>2008</strong><br />
Direct and<br />
Systems<br />
Sep. 29,<br />
2006<br />
Operating capital employed 2,298.0 2,469.3<br />
Goodwill 3,024.0 2,513.5<br />
Acquisition related intangible assets 77.3 263.6<br />
Capital employed 5,399.3 5,246.4<br />
Net debt –2,536.5 –1,632.4<br />
Net assets in discontinued operations 2,862.8 3,614.0
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