Annual Report 2008 - Securitas

Shareholdings
The Board of Director’s and the Group Management’s shareholdings
through acquisitions on the stock market are detailed in the table below.
BOArD OF DIrEcTOrS’ AND GrOUP MANAGEMENT’S HOLDINGS OF SEcUrITAS SErIES A AND B SHArES 1
A-shares A-shares B-shares B-shares
2008 2007 2008 2007
Melker Schörling, chairman of the Board 2 4,500,000 4,500,000 16,001,500 12,701,500
Gustaf Douglas 3, 4 – 12,642,600 – 29,590,000
carl Douglas, vice chairman 4 12,642,600 – 29,509,080 100,000
Fredrik cappelen 6 – – 0 –
Marie Ehrling – – 4,000 4,000
Annika Falkengren – – 7,500 7,500
Stuart E. Graham – – 5,000 5,000
Berthold Lindqvist – – 10,000 10,000
Fredrik Palmstierna – – 17,200 17,200
Sofia Schörling Högberg – – 2,400 2,400
Alf Göransson, President and cEO – – 30,000 30,000
Santiago Galaz – – 58,000 50,000
william Barthelemy – – 17,000 17,000
Tore K. Nilsen 5 – – – 223,479
Bart Adam – – 4,500 4,500
Erik-Jan Jansen 6 – – 0 –
Morten rønning – – 152,337 130,837
Lucien Meeus – – 5,500 0
Olof Bengtsson – – 26,756 26,756
Bengt Gustafson – – 0 0
Gisela Lindstrand – – 1,000 1,000
Jan Lindström – – 2,500 2,500
Total Holdings 17,142,600 17,142,600 45,854,273 42,923,672
1 Information refers to shareholdings as of December 31, 2008 and 2007.
2 Holdings through Melker Schörling AB.
3 Gustaf Douglas, previous vice chairman, left the Board of Directors at the Annual General Meeting
April 17, 2008.
Note 9. Segment reporting
Segment structure
The Group’s operations are divided into three primary segments, Security
Services North America, Security Services Europe and Mobile and Monitoring,
that provide the operational structure for governance, monitoring and
reporting.
The previous primary segment Loomis is included in the Securitas Group
up to December 8, 2008 and reported as Discontinued operations. Further
information is found in Note 39.
All segments apply the accounting principles explained in Note 2. Segment
reporting follows the format of the Securitas’ financial model, which provides
a foundation for financial planning and reporting from branch office level up
to the Board of Directors. Acquisitions of subsidiaries are therefore excluded
from the operating cash flow. All material acquisitions are stated at divisional
level in the financial overview under acquisitions.
Security Services North America
Security Services North America provides specialized guarding services in
the USA, canada and Mexico and comprises 17 business units; one organization
for national and global accounts, ten geographical regions and three
specialty customer segments (Automotive, Government Services and
Energy) in the USA plus canada, Mexico and Pinkerton consulting & Investigations.
In total, there are 97 geographical areas, over 600 branch offices
and more than 100,000 employees. Security Services North America’s
service offering covers all segments in most industries.
4 Holdings private and through Investment AB Latour, SÄKI AB, Förvaltnings AB wasatornet and
Karpalunds Ångbryggeri AB. company share holdings represented in 2007 by Gustaf Douglas.
5 Tore K. Nilsen left the Group Management in 2008.
6 Fredrik cappelen was elected to the Board of Directors and Erik-Jan Jansen has joined the Group
Management during 2008 which is why an earlier holding is not stated.
Security Services Europe
Securitas’ European guarding operation compromises Security Services
Europe, providing specialized guarding services for large and medium-sized
customers in 23 countries, and Aviation, providing airport security in twelve
countries. The organization has more than 800 branch offices and over
110,000 employees. The customers’ operations and businesses range from
financial services, retail, energy, healthcare and the public sector to special
events. Aviation offers specialized services for airports, authorities and airlines.
Mobile and Monitoring
Mobile provides mobile security services for small and medium-sized businesses,
such as beat patrol and call-out services, while Monitoring provides
electronic alarm surveillance services. Mobile operates in eleven countries
across Europe and has approximately 8,900 employees in 37 areas and
270 branches. Monitoring, also called Securitas Alert Services, operates in
ten countries across Europe and has approximately 900 employees.
Other
Other consists of general administrative costs, head office costs, and other
costs that arise at Group level and relate to the Group as a whole. The guarding
operations in Latin America, India, china, South East Asia and Middle East as
well as the Group’s joint venture Securitas Direct S.A. (Switzerland) are also
included in Other.
Secondary segments
Annual report
Notes and comments to the consolidated financial statements
The geographical split represents various levels of market development in
terms of wages, employee turnover, product mix, market growth and profitability.
The geographical split of sales is based on the location of sales offices,
and corresponds in all material aspects to the geographical location of the
customers.
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