Annual Report 2008 - Securitas

Note 44. Personnel
AvErAGE NUMBEr OF yEArLy EMPLOyEES; DISTrIBUTION BETwEEN wOMEN AND MEN
women Men Total
2008 2007 2006 2008 2007 2006 2008 2007 2006
Board of Directors 3 3 3 6 6 6 9 9 9
Presidents – – – 1 1 2 1 1 2
Other employees, Sweden 24 20 19 17 12 12 41 32 31
STAFF cOSTS
MSEK Salaries
Social
benefits
2008 2007 2006 Of which bonuses
(of whichpensions)
Salaries
Social
benefits
(of whichpensions)
Salaries
Social
benefits
(of whichpensions)
2008 2007 2006
Board of Directors
and Presidents 1 21.4 10.8 (3.9) 16.1 8.3 (2.6) 6.1 2.5 (–) 5.3 2.0 –
Other employees 56.6 32.6 (14.1) 40.0 22.7 (9.7) 36.0 21.0 (9.4) 14.4 0.0 6.2
Total 78.0 43.4 (18.0) 56.1 31.0 (12.3) 42.1 23.5 (9.4) 19.7 2.0 6.2
1 refer to Note 8 for further information regarding remuneration to the Board of Directors and Presidents.
SIcK LEAvE
2008 2007 2006
Total number of hours reported as
sick leave among employees 770.4 1,493.2 770.2
Men, by age: 71.3 54.4 52.5
49 years – – –
Women, by age: 699.1 1,438.8 717.7
49 years 82.5 1,076.3 522.7
Employees’ total normal annual
working hours per person 81,900 61,350 62,400
Men 35,100 25,350 25,350
women 46,800 36,000 37,050
Sick leave as % of normal annual
working hours
Men 0.20 0.21 0.21
women 1.49 3.69 1.94
Note 45. Other financial income and expense, net
MSEK 2008 2007 2006
Impairment losses, shares
in subsidiaries 1 –17,167.0 –638.9 –1,539.1
Exchange rate differences, net –783.0 –314.5 –106.0
Bank costs and similar
income/expense items –17.1 –12.5 –34.3
Revaluation of financial instruments
(IAS 39) 0.9 –4.1 –38.6
Other items, net 10.1 –1.9 –8.2
Total other financial income
and expense, net –17,956.1 –971.9 –1,726.2
1 The value of shares in subsidiaries was written down 2008 and 2007 in connection with the receipt by
the Parent company of dividends from a subsidiary. The impairment loss in 2007 is also related to recognition
of impairment losses of goodwill in the Netherlands, where an impairment was also recognized
for shares in subsidiaries. The impairment loss in 2006 is related to an intra–group restructuring in connection
with the dividend of Securitas Direct AB and Niscayah Group AB (former Securitas Systems AB).
Note 46. Taxes
STATEMENT OF INcOME
TAX EXPENSE
MSEK 2008 2007 2006
Tax on income before taxes
– current taxes –40.1 –13.6 –27.7
– deferred taxes 181.0 –10.5 28.8
Total taxes 140.9 –24.1 1.1
The Swedish corporate tax rate was 28 percent in 2008, 2007 and 2006.
DIFFErENcE BETwEEN STATUTOry SwEDISH TAX rATE
AND AcTUAL TAX EXPENSE FOr THE PArENT cOMPANy
MSEK 2008 2007 2006
Tax based on the Swedish
tax rate 28% –717 –172 –805
Tax from prior years –30 0 –7
Tax effect related to
non–taxable income 895 371 1.246
Tax effect related to
non–deductible expenses –7 –223 –433
Actual tax charge 141 –24 1
Tax effect of non–taxable income mainly relates to dividends from subsidiaries.
Tax effect of non–deductible expenses mainly relates to write–down of
shares in subsidiaries.
Tax loss carryforwards
Annual report
Notes and comments to the Parent Company financial statements
The tax loss carryforwards for the Parent company amounted to MSEK 0
(0 and 0) as of December 31, 2008.
Securitas Annual report 2008
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