Annual Report 2008 - Securitas

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Annual report
Parent Company financial statements
Statement of income
MSEK Note 2008 2007 2006
Administrative contribution and other revenues 41 536.8 378.2 469.4
Gross income 536.8 378.2 469.4
Administrative expenses 43, 44 –376.7 –290.9 –675.2
Operating income/loss 160.1 87.3 –205.8
Result of financial investments
result of sale of shares in subsidiaries and associates 41 – 15.1 –
Dividend 41 21,228.1 2,434.2 5,337.8
Interest income 41 1,104.5 1,207.9 1,154.2
Interest expenses 41 –1,977.3 –2,160.2 –1,691.7
Other financial income and expenses, net 45 –17,956.1 –971.9 –1,726.2
Total financial income and expenses 2,399.2 525.1 3,074.1
Income after financial items 2,559.3 612.4 2,868.3
Appropriations
Difference between book depreciation and depreciation according to plan – 0.1 7.7
Total appropriations – 0.1 7.7
Income before taxes 2,559.3 612.5 2,876.0
current taxes 46 –40.1 –13.6 –27.7
Deferred taxes 46 181.0 –10.5 28.8
Net income for the year 2,700.2 588.4 2,877.1
Statement of cash flow
MSEK Note 2008 2007 2006
Operations
Operating income/loss 160.1 87.3 –205.8
reversal of depreciation 3.9 3.8 7.5
Financial items received 22,574.1 3,605.0 6,752.9
Financial items paid –2,190.4 –2,114.4 –1,943.6
current taxes paid –26.7 –11.2 –17.5
change in other operating capital employed –304.3 –500.8 1,347.7
Cash flow from operations 20,216.7 1,069.7 5,941.2
Investing activities
Investments in non-current tangible and intangible assets –49.7 –24.0 3.7
Shares in subsidiaries –8,317.4 –108.5 –7,241.6
Cash flow from investing activities –8,367.1 –132.5 –7,237.9
Financing activities
Dividend paid –1,131.7 –1,131.7 –1,277.7
redemption of convertible debenture loans 30 – –2,363.1 –
Proceeds from bond loans 425.8 – –
redemption of bond loans –4,694.6 – –3,240.1
Proceeds from other long-term borrowings 828.0 7,181.7 –
change in other interest-bearing net debt excluding liquid funds –9,149.6 –2,250.1 4,869.2
Cash flow from financing activities –13,722.1 1,436.8 351.4
Cash flow for the year –1,872.5 2,374.0 –945.3
Liquid funds at beginning of year 3,187.3 813.3 1,758.6
Liquid funds at year-end 52 1,314.8 3,187.3 813.3
Securitas Annual report 2008