Annual Report 2008 - Securitas

cHANGE ANALySIS OF SHArES IN SUBSIDIArIES
MSEK 2008 2007 2006
Opening balance 51,050.1 51,580.5 54,397.2
Acquisitions 34.8 8.2 3.6
capital contribution 8,282.6 100.3 7,238.0
Impairment losses 1 –17,167.0 –638.9 –1,539.1
Dividend of shares 2 –5,865.4 – –8,519.2
Closing balance 36,335.1 51,050.1 51,580.5
1 Impairment losses 2008 and 2007 have occurred in connection with the receipt by the Parent company
of dividend from a subsidiary.
2 Dividend of shares 2008 is related to Loomis AB. Dividend of shares 2006 is related to Securitas Direct AB
and Niscayah Group AB (former Securitas Systems AB).
Note 50. Shares in associated companies
HOLDINGS 2006–2008
company Domicile
share in
equity, %
voting
rights, %
Book
value
walsons Services Pvt Ltd Delhi 49.0 49.0 112.1
Holdings 2008 – – – 112.1
walsons Services Pvt Ltd Delhi 49.0 49.0 110.0
Holdings 2007 – – – 110.0
Securitas Employee
convertible 2002 Holding S.A. Luxembourg 43.1 42.4 163.8
Holdings 2006 – – – 163.8
Note 51. Prepaid expenses and accrued income
MSEK 2008 2007 2006
Prepaid rent 6.0 53.0 12.2
Prepaid financial expenses 0.5 22.4 27.8
Other prepaid expenses 16.1 21.6 9.5
Accrued interest income 39.1 274.8 237.9
Total prepaid expenses and
accrued income 61.7 371.8 287.4
Note 52. Liquid funds
Liquid funds include cash and bank deposits and Short–term investments
with a maximum duration of 90 days. In the Parent company’s balance
sheet, utilized internal credits in the Swedish cash–pool account are reported
under the Group account bank overdraft. Short–term investments refer
to fixed interest rate bank deposits.
Note 53. Changes in shareholders’ equity
Number of shares outstanding 31 December 2008 MSEK
Series A 17,142,600 each share with a quota value of SEK 1.00 17.1
Series B 347,916,297 each share with a quota value of SEK 1.00 348.0
Total 365,058,897 365.1
The number of Series A and Series B shares is unchanged in relation to
December 31, 2007. As of December 31, 2008 there where no outstanding
convertible debenture loans that could result in any dilution ot the share capital.
Each Series A share carried ten votes and each Series B share one vote.
This is the only difference between the two series of shares.
Shareholders with more than 10 percent of the votes
The principal shareholders are Investment AB Latour, which together with
SäkI AB, Förvaltnings AB wasatornet and Karpalunds Ångbryggeri AB holds
11.6 percent of the capital and 30.0 percent of the votes, and Melker Schörling
AB, which holds 5.6 percent of the capital and 11.8 percent of the votes.
Dividend
The Board of Directors and the President propose a dividend to the
shareholders of the Parent company of SEK 2.90 per share, or a total of
MSEK 1,058.7. The dividend to the shareholders for the previous year
2007, which was paid out in 2008, was SEK 3.10 per share, or a total of
MSEK 1,131.7. The dividend to the shareholders for the year 2006, which
was paid out in 2007, was SEK 3.10 per share, or a total of MSEK 1,131.7.
Note 54. Convertible debentures loans
Information relating to convertible debentures is provided in Note 30 and is
identical for the Parent company and the Group.
Note 55. Long–term liabilities
LONG–TErM LIABILITIES FALL DUE FOr PAyMENT AS FOLLOwS
MSEK 2008 2007 2006
Maturity < 5 years 7,011.1 7,119.6 4,631.0
Maturity > 5 years 67.7 58.8 –
Total long–term liabilities 7,078.8 7,178.4 4,631.0
Note 56. Accrued expenses and prepaid income
MSEK 2008 2007 2006
Employee–related items 45.2 22.1 14.6
Accrued interest expenses 174.8 354.6 278.5
Other accrued expenses 49.7 72.1 6.5
Total accrued expenses
and prepaid income 269.7 448.8 299.6
Note 57. Pledged assets
MSEK 2008 2007 2006
Pensions balances, defined
contribution plans 55.2 58.3 54.0
Total pledged assets 55.2 58.3 54.0
Note 58. Contingent liabilities
Annual report
Notes and comments to the Parent Company financial statements
MSEK 2008 2007 2006
Sureties and guarantees 1 1,845.7 2,217.5 2,398.6
Other contingent liabilities 48.0 93.9 90.0
Total contingent liabilities 1,893.7 2,311.4 2,488.6
(Of which on behalf of subsidiaries) (1,845.7) (2,311.4) (2,488.6)
1 The Parent company carries guarantees for loan liabilities at full value even if the underlying facilities
have not been fully utilized by the subsidiaries.
Securitas Annual report 2008
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