Annual Report 2008 - Securitas

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110 Annual report Notes and comments to the consolidated financial statements cONDENSED STATEMENT OF INcOME MSEK 2008 2007 2006 Sales, external and intra-group 10,467.6 11,396.9 18,427.0 Elimination of intra-group sales –19.0 –25.4 –477.2 Total Sales 10,448.6 11,371.5 17,949.8 Operating income before amortization including intra-group margin 672.1 293.5 1,445.7 Elimination of intra-group margin – – –8.4 Operating income before amortization 672.1 293.5 1,437.3 Amortization and impairment of acquisition related intangible assets –13.8 –18.2 –31.2 Acquisition related restructuring costs – –36.9 –14.3 Items affecting comparability – –640.0 –1,511.1 Operating income after amortization 658.3 –401.6 –119.3 Financial income and expense –115.4 –90.0 –127.6 Income before taxes 542.9 –491.6 –246.9 Taxes –111.1 –336.4 –121.3 Net income for the year 431.8 –828.0 –368.2 cONDENSED STATEMENT OF cASH FLOw MSEK 2008 2007 2006 Cash flow from operations 436.8 302.3 1,686.6 Cash flow from investing activities –764.5 –1,017.2 –1,521.5 Cash flow from financing activities –462.8 1,373.8 –2,448.3 Cash flow for the year –790.5 658.9 –2,283.2 Securitas Annual report 2008 ASSETS AND LIABILITIES MSEK Loomis Dec. 8, 2008 Direct and Systems Sep. 29, 2006 Goodwill 3,024.0 2,513.5 Acquisition related intangible assets 77.3 263.6 Other intangible assets 44.2 121.0 Tangible non-current assets 2,926.3 1,513.4 Non-interest bearing financial non-current assets 364.7 128.6 Interest bearing financial non-current assets 60.1 3.1 Non-interest bearing current assets 2,975.2 3,037.0 Liquid funds 453.9 639.5 Total assets 9,925.7 8,219.7 Non-interest bearing long-term liabilities – 1.1 Interest bearing long-term liabilities 69.1 2,201.3 Non-interest bearing provisions 999.2 227.6 Non-interest bearing current liabilities 3,013.2 2,102.0 Interest bearing current liabilities 2,981.4 73.7 Total liabilities 7,062.9 4,605.7 Net assets in discontinued operations 2,862.8 3,614.0 cAPITAL EMPLOyED AND FINANcING MSEK Loomis Dec. 8, 2008 Direct and Systems Sep. 29, 2006 Operating capital employed 2,298.0 2,469.3 Goodwill 3,024.0 2,513.5 Acquisition related intangible assets 77.3 263.6 Capital employed 5,399.3 5,246.4 Net debt –2,536.5 –1,632.4 Net assets in discontinued operations 2,862.8 3,614.0
Annual report Parent Company financial statements Parent company statement of income 112 Parent Company statement of cash flow 112 Parent company balance sheet 113 Parent company changes in shareholders’ equity 114 Note 40 Accounting principles 115 Note 41 Transactions with related parties 115 Note 42 Financial risk management 116 Note 43 Operating expenses 116 Note 44 Personnel 117 Note 45 Other financial income and expense, net 117 Note 46 Taxes 117 Note 47 Other intangible assets 118 Note 48 Machinery and equipment 118 Note 49 Shares in subsidiaries 118 Note 50 Shares in associated companies 119 Note 51 Prepaid expenses and accrued income 119 Note 52 Liquid funds 119 Note 53 changes in shareholders’ equity 119 Note 54 convertible debenture loans 119 Note 55 Long-term liabilities 119 Note 56 Accrued expenses and prepaid income 119 Note 57 Pledged assets 119 Note 58 contingent liabilities 119 Securitas Annual report 2008 111
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Annual Report 2008
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Securitas in short Sales by busines
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” Business relationships are loca
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during the second half of the year.
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The cornerstones of our strategy Hi
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The Business model for Specialized
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Industry/Manufacturing - Case #1 pa
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Our Security officer Andy Price per
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Estuardo Turcios, one of Securitas
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Euclides Vieira, a mobile services
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Our security officer Marc Jessen he
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Security Services North America pro
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Events and key figures for 2008 ·
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Leading the Specialization in Europ
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Events and key figures for 2008 Acq
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Events and key figures for 2008 Acq
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Growing in New Markets A cornerston
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services. Asia is the third-largest
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Securitas’ monitoring services ar
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work with independent and strong lo
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Volume-related factors The first tw
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Business Risk Evaluation Model Secu
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A Securitas risk management case to
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an environmental impact from a life
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Turnover The turnover of Securitas
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DATA PER SHARE SEK/share 2008 2007
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Taxes, net income and earnings per
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Acquisitions have increased acquisi
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GRB Security, United Kingdom Securi
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Germany - U.S. Army Securitas Germa
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Items affecting comparability For t
Page 63 and 64: Proposed allocation of earnings The
Page 65 and 66: Securitas’ financial model - cons
Page 71 and 72: Note 1 General corporate informatio
Page 73 and 74: IFRS 8 Operating segments The Group
Page 75 and 76: Joint ventures (IAS 31) The proport
Page 77 and 78: Items affecting comparability This
Page 79 and 80: Employee benefits (IAS 19) The Grou
Page 81 and 82: Free cash flow in relation to net d
Page 83 and 84: After the services had been substan
Page 85 and 86: Interest rate fixing It is the poli
Page 87 and 88: AccOUNTS rEcEIvABLE AND AGEING ANAL
Page 89 and 90: are transferred from the individual
Page 91 and 92: Shareholdings The Board of Director
Page 93 and 94: JANUAry - DEcEMBEr 2007 MSEK Income
Page 95 and 96: AUDIT FEES AND rEIMBUrSEMENTS MSEK
Page 97 and 98: DEFERRED TAx ASSETS WERE ATTRIBUTAB
Page 99 and 100: Acquisitions GRB Security, United K
Page 101 and 102: Purzeczko, Poland Securitas has acq
Page 103 and 104: Impairment testing For the purpose
Page 105 and 106: Note 20. Tangible non-current asset
Page 107 and 108: Note 29. Changes in shareholders’
Page 109 and 110: Note 32. Provisions for pensions an
Page 111 and 112: MAIN AcTUArIAL ASSUMPTIONS 2008 200
Page 113: Globe and other Securitas companies
Page 117 and 118: Balance sheet MSEK Note 2008 2007 2
Page 119 and 120: Note 40. Accounting principles The
Page 121 and 122: Note 44. Personnel AvErAGE NUMBEr O
Page 123 and 124: cHANGE ANALySIS OF SHArES IN SUBSID
Page 125 and 126: To the annual meeting of the shareh
Page 127 and 128: Significant Shareholders The princi
Page 129 and 130: The Work of the Board of Directors
Page 131 and 132: Insider Policy and Records The Boar
Page 133 and 134: 3. Financial Reporting controllers
Page 135 and 136: E. Management Assurance - Function
Page 137 and 138: Sofia Schörling Högberg b. 1978 D
Page 139 and 140: Bart Adam Bart Adam b. 1965 Divisio
Page 141 and 142: MSEK 2004 2005 2006 2007 2008 CAPIT
Page 143 and 144: Statement of income 2007 MSEK q1 20
Page 146: Securitas AB Box 12307 SE-102 28 St
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Annual Report 2008 - Securitas

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