Annual Report 2008 - Securitas

DEFERRED TAx ASSETS WERE ATTRIBUTABLE TO:
2008 2007 2006
Pension provisions and employee-
related liabilities 695.1 605.8 551.5
Liability insurance-related claims reserves 16.1 32.9 18.6
Tax loss carryforwards 810.0 525.8 976.3
Tax-deductible goodwill 215.4 212.8 232.1
Machinery and equipment 88.0 116.4 29.4
Other temporary differences 250.7 323.8 433.7
Total deferred tax assets 2,075.3 1,817.5 2,241.6
whereof deferred tax assets expected
to be used within twelve months 289.4 – –
Net accounting 1 –110.5 –184.1 –158.6
Total deferred tax assets
according to balance sheet 1,964.8 1,633.4 2,083.0
1 Deferred tax assets and liabilities are reported in the balance sheet partly on a net basis after considering
the set-off possibilities.
DEFErrED TAX ASSETS cHANGE ANALySIS PEr cATEGOry IN 2008
Opening
balance
Deferred tax
booked in
income
statement
DEFErrED TAX ASSETS cHANGE ANALySIS
changed
tax rate
2008 2007 2006
Opening balance deferred tax assets 1,817.5 2,241.6 1,927.9
Change due to:
Deferred tax booked in statement of income 147.0 –338.1 336.5
changed tax rate –37.6 –59.2 –2.7
Translation difference 192.0 –10.6 –16.8
Recognized in equity 300.1 –21.7 104.0
Acquisitions 3.2 5.5 –
Discontinued operations –346.9 – –107.3
Closing balance deferred tax assets 2,075.3 1,817.5 2,241.6
Change during year 257.8 –424.1 313.7
Translation
difference
Recognized
in equity Acquisitions
Discontinued
operations
closing
balance
Pension provisions and employee-
related liabilities 605.8 –93.7 0,0 106.6 300.1 2.4 –226.1 695.1
Liability insurance-related claims reserves 32.9 22.5 – 9.5 – – –48.8 16.1
Tax loss carryforwards 525.8 321.4 –37.6 26.8 – – –26.4 810.0
Tax-deductible goodwill 212.8 –20.4 – 23.0 – – – 215.4
Machinery and equipment 116.4 37.9 – –11.8 – – –54.5 88.0
Other temporary differences 323.8 –120.7 – 37.9 – 0.8 8.9 250.7
Total deferred tax assets 1,817.5 2,075.3
Change during year 147.0 –37.6 192.0 300.1 3.2 –346.9 257.8
DEFERRED TAx LIABILITIES WERE ATTRIBUTABLE TO:
2008 2007 2006
Pension provisions and employee-
related liabilities 10.4 8.7 23.3
Acquisition related intangible assets 221.1 194.5 140.4
Machinery and equipment 28.0 113.0 123.4
Other temporary differences 60.8 111.0 172.0
Total deferred tax liabilities 320.3 427.2 459.1
whereof deferred tax liabilities expected
to be used within twelve months 120.7 – –
Net accounting 1 –110.5 –184.1 –158.6
Total deferred tax liabilities
according to balance sheet 209.8 243.1 300.5
Deferred tax assets/liabilities, net 1,755.0 1,390.3 1,782.5
1 Deferred tax assets and liabilities are reported in the balance sheet partly on a net basis after considering
the set-off possibilities.
DEFErrED TAX LIABILITIES cHANGE ANALySIS PEr cATEGOry IN 2008
Opening
balance
Deferred tax
booked in
income
statement
DEFErrED TAX LIABILITIES cHANGE ANALySIS
changed
tax rate
2008 2007 2006
Opening balance deferred tax liabilities 427.2 459.1 609.5
Change due to:
Deferred tax booked in income statement 29.9 –42.4 –23.7
changed tax rate 0.0 1.2 –7.5
Translation difference 20.7 –8.0 –0.6
Recognized in equity 5.1 –14.7 –
Acquisitions 28.4 32.5 27.4
Divestitures – –0.5 –
Discontinued operations –191.0 – –146.0
Closing balance deferred tax liabilities 320.3 427.2 459.1
Change during year –106.9 –31.9 –150.4
Translation
difference
Recognized
in equity Acquisitions
Discontinued
operations
Annual report
Notes and comments to the consolidated financial statements
closing
balance
Pension provisions and employee-
related liabilities 8.7 –2.1 – – 3.8 – – 10.4
Acquisition related intangible assets 194.5 13.0 – 8.6 – 22.5 –17.5 221.1
Machinery and equipment 113.0 –28.0 – 10.5 – – –67.5 28.0
Other temporary differences 111.0 47.0 0.0 1.6 1.3 5.9 –106.0 60.8
Total deferred tax liabilities 427.2 320.3
Change during year 29.9 0.0 20.7 5.1 28.4 –191.0 –106.9
Securitas Annual report 2008
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