Securitas AB Annual Report 2005

More documents

Recommendations

Info

Notes and comments to the consolidated fi nancial statements Table 7. Consolidated Balance Sheet January 1, 2005 in the Annual Report Format MSEK Note Before IAS 39 January 1, 2005 Effects of transition to IAS 39 After IAS 39 January 1, 2005 ASSETS Fixed assets Goodwill 15,301.9 – 15,301.9 Acquisition related intangible fi xed assets 433.2 – 433.2 Other intangible fi xed assets 268.6 – 268.6 Buildings and land 1,043.2 – 1,043.2 Machinery and equipment 4,776.8 – 4,776.8 Deferred tax assets 5 1,441.6 1.1 1,442.7 Interest-bearing fi nancial fi xed assets 5 138.2 2,467.0 2,605.2 Other long-term receivables 434.0 – 434.0 Total fi xed assets 23,837.5 2,468.1 26,305.6 Current assets Inventories 608.6 – 608.6 Accounts receivable 8,828.0 – 8,828.0 Other current receivables 2,448.2 – 2,448.2 Short-term investments 5 2,192.1 – 2,192.1 Cash and bank deposits 5 928.3 – 928.3 Total current assets 15,005.2 – 15,005.2 TOTAL ASSETS 38,842.7 2,468.1 41,310.8 SHAREHOLDERS’ EQUITY AND LIABILITIES Shareholders’ equity Share capital 365.1 – 365.1 Other capital contributed 7,362.6 – 7,362.6 Other reserves –665.9 – –665.9 Retained earnings 5 4,764.5 –2.7 4,761.8 Total shareholders’ equity attributable to the equity holders of the Parent Company 11,826.3 –2.7 11,823.6 Minority interests 16.6 – 16.6 Total shareholders’ equity 11,842.9 –2.7 11,840.2 Long-term liabilities Long-term convertible debenture loans 5 3,940.6 31.6 3,972.2 Other long-term loan liabilities 5 6,201.2 2,362.8 8,564.0 Other long-term liabilities 90.8 – 90.8 Provisions for pensions and similar commitments 851.4 – 851.4 Deferred tax liability 474.9 – 474.9 Other provisions 790.0 – 790.0 Total long-term liabilities 12,348.9 2,394.4 14,743.3 Current liabilities Other short-term loan liabilities 5 3,749.9 76.4 3,826.3 Accounts payable 1,411.4 – 1,411.4 Other current liabilities 9,489.6 – 9,489.6 Total current liabilities 14,650.9 76.4 14,727.3 TOTAL SHAREHOLDERS’ EQUITY AND LIABILITIES 38,842.7 2,468.1 41,310.8 Net debt –10,633.1 –3.8 –10,636.9 Table 8. Consolidated Changes in Shareholders’ Equity as per January 1, 2005 in the Annual Report Format MSEK Note Share capital Shareholders’ equity attibutable to the equity holders of the Parent Company Other capital contributed Other reserves Retained earnings Total Minority interests Total Opening balance 2005 according to IFRS 365.1 7,362.6 –665.9 4,764.5 11,826.3 16.6 11,842.9 Effects of change in accounting principle IAS 39 5 – – – –2.7 –2.7 – –2.7 Opening balance 2005 according to IFRS 365.1 7,362.6 –665.9 4,761.8 11,823.6 16.6 11,840.2 108 SECURITAS 2005
NOTE A GOODWILL MSEK Jan 1, 2004 Dec 31, 2004 Goodwill under Swedish GAAP 14,777.8 14,508.3 Reclassifi cation of contract portfolios to acquisition related intangible fi xed assets –241.1 –457.9 Reclassifi cation of goodwill from other intangible fi xed assets 123.5 114.5 Total change relating to reclassifi cations –117.6 –343.4 Reversal of goodwill amortization from income statement – 1,149.7 Translation difference on reversal of goodwill amortization – –59.8 Reversal of amortization reclassifi ed from operating income before amortization – 9.0 Reversal of restructuring provisions – –30.9 Deferred tax relating to acquisition related intangible fi xed assets – 69.0 Total change relating to effects from transition to IFRS – 1,137.0 Goodwill under IFRS 14,660.2 15,301.9 NOTE B ACQUISITION RELATED INTANGIBLE FIXED ASSETS MSEK Jan 1, 2004 Dec 31, 2004 Acquisition related intangible fi xed assets under Swedish GAAP – – Reclassifi cation of contract portfolios from goodwill 241.1 457.9 Reclassifi cation of contract portfolios from other intangible fi xed assets 66.5 48.8 Total change relating to reclassifi cations 307.6 506.7 Amortization of acquisition related intangible fi xed assets from goodwill – –76.5 Translation difference on amortization – 3.0 Total change relating to effects from transition to IFRS – –73.5 Acquisition related intangible fi xed assets under IFRS 307.6 433.2 NOTE C OTHER INTANGIBLE FIXED ASSETS MSEK Jan 1, 2004 Dec 31, 2004 Other intangible fi xed assets under Swedish GAAP 384.7 431.9 Reclassifi cation of contract portfolios to acquisition related intangible fi xed assets –66.5 –48.8 Reclassifi cation of other intangible fi xed assets to goodwill –123.5 –114.5 Total change –190.0 –163.3 Other intangible fi xed assets under IFRS 194.7 268.6 NOTE D DEFERRED TAX ASSETS MSEK Jan 1, 2004 Dec 31, 2004 Deferred tax assets under Swedish GAAP 1,491.8 1,442.2 Deferred tax on change of pensions and other employee related benefi ts to IAS 19 109.7 – Deferred tax on restructuring expenses – 2.4 Deferred tax on reversal of opening balance of restructuring provisions –2.3 –2.3 Deferred tax on reversal of restructuring provisions from goodwill – –0.9 Translation differences – 0.2 Total change 107.4 –0.6 Deferred tax assets under IFRS 1,599.2 1,441.6 NOTE E OTHER LONG-TERM RECEIVABLES MSEK Jan 1, 2004 Dec 31, 2004 Other long-term receivables under Swedish GAAP 963.4 434.0 Reclassifi cation of pensions and other employee related benefi ts 7.9 – Change of pensions and other employee related benefi ts according to IAS 19 –380.1 – Total change –372.2 – Other long-term receivables under IFRS 591.2 434.0 NOTE F ACCOUNTS RECEIVABLE MSEK Jan 1, 2004 Dec 31, 2004 Accounts receivable under Swedish GAAP 6,736.0 7,279.0 Recognition of accounts receivable under securitization 1,636.9 1,549.0 Total change 1,636.9 1,549.0 Accounts receivable under IFRS 8,372.9 8,828.0 Notes and comments to the consolidated fi nancial statements NOTE G OTHER CURRENT RECEIVABLES MSEK Jan 1, 2004 Dec 31, 2004 Other current receivables under Swedish GAAP 2,433.4 2,448.2 Reclassifi cation of pensions and other employee related benefi ts –11.5 – Total change –11.5 – Other current receivables under IFRS 2,421.9 2,448.2 NOTE H PROVISIONS FOR PENSIONS AND SIMILAR COMMITMENTS MSEK Provisions for pensions and similar commitments Jan 1, 2004 Dec 31, 2004 under Swedish GAAP 32.6 851.4 Reclassifi cation of pensions and other employee related benefi ts 367.4 – Change of pensions and other employee related benefi ts according to IAS 19 440.6 – Total change 808.0 – Provisions for pensions and similar commitments under IFRS 840.6 851.4 NOTE I DEFERRED TAX LIABILITY MSEK Jan 1, 2004 Dec 31, 2004 Deferred tax liability under Swedish GAAP 465.0 408.8 Deferred tax on change of pensions and other employee related benefi ts to IAS 19 –180.2 – Deferred tax relating to acquisition related intangible fi xed assets – 69.0 Amortization of tax relating to acquisition related intangible fi xed assets – –2.9 Translation differences – – Total change –180.2 66.1 Deferred tax liability under IFRS 284.8 474.9 NOTE J OTHER PROVISIONS MSEK Jan 1, 2004 Dec 31, 2004 Other provisions under Swedish GAAP 1,607.5 821.2 Reclassifi cation of pensions and other employee related benefi ts –319.3 – Reversal of opening balance provisions for restructuring –26.5 –26.5 Reversal of restructuring provisions from goodwill – –30.9 Reversal of cash paid out to acquisition related restructuring costs – 26.5 Translation differences – –0.3 Total change –345.8 –31.2 Other provisions under IFRS 1,261.7 790.0 NOTE K OTHER SHORT-TERM LOAN LIABILITIES MSEK Jan 1, 2004 Dec 31, 2004 Other short-term loan liabilities under Swedish GAAP 2,458.6 2,200.9 Recognition of funding of accounts receivables under securitization 1,636.9 1,549.0 Total change 1,636.9 1,549.0 Other short-term loan liabilities under IFRS 4,095.5 3,749.9 NOTE L OTHER CURRENT LIABILITIES MSEK Jan 1, 2004 Dec 31, 2004 Other current liabilities under Swedish GAAP 8,482.7 9,489.6 Reclassifi cation of pensions and other employee related benefi ts –51.7 – Total change –51.7 – Other current liabilities under IFRS 8,431.0 9,489.6 SECURITAS 2005 109
Page 1 and 2:
Securitas AB Annual Report 2005
Page 3 and 4:
Sales per region A world
Page 5 and 6:
A positive 2005 lays the foundation
Page 7 and 8:
A history of growth Securitas was f
Page 9 and 10:
The wheel of fortune Rationalizatio
Page 11 and 12:
Koncernen 12 Comments by the CEO 14
Page 13 and 14:
and customers have been convinced t
Page 15 and 16:
The Securitas Group - sales growth,
Page 17 and 18:
From multi-service providers to sec
Page 19 and 20:
The entire organization supports th
Page 21 and 22:
Our values Our values - Integrity,
Page 23 and 24:
New sales of customer contracts tha
Page 25 and 26:
25 20 15 10 5 0 Return on capital e
Page 27 and 28:
Risk business plans Each division a
Page 29 and 30:
Swedish GAAP IFRS MSEK 2001 2002 20
Page 31 and 32:
Income 2004 MSEK IFRS Q1 2004 IFRS
Page 33 and 34:
Market capitalization & Enterprise
Page 36 and 37:
Report of the Board of Directors -
Page 38 and 39:
Financial overview BDM, Switzerland
Page 40 and 41:
Financial overview Divestment of re
Page 42 and 43:
Page 44 and 45:
Security Services USA Security Offi
Page 46 and 47:
Security Services USA Security Offi
Page 48 and 49:
Page 50 and 51:
Security Services Europe In order t
Page 52 and 53:
Security Services Europe Securitas
Page 54 and 55:
Page 56 and 57:
Securitas Systems In the fall of 20
Page 58 and 59: Securitas Systems Bell Security, ac
Page 60 and 61: Report of the Board of Directors -
Page 62 and 63: Direct Mikael Sundberg holds the fr
Page 64 and 65: Direct Directs model for expansion
Page 68 and 69: Cash Handling Services Route Superv
Page 70 and 71: Cash Handling Services One of the s
Page 72: Annual Report - Financial statement
Page 75 and 76: Statement of cash fl ow MSEK NOTE I
Page 77 and 78: Supplementary information Securitas
Page 79 and 80: Financial statements - Notes and co
Page 81 and 82: net assets, and qualify for the hed
Page 83 and 84: Recognition and subsequent measurem
Page 85 and 86: NOTE 3 CRITICAL ESTIMATES AND JUDGE
Page 87 and 88: Table 3A. Maturity structure of iss
Page 89 and 90: a certain percentage of the fi nal
Page 91 and 92: NOTE 10 OPERATING EXPENSES Income s
Page 93 and 94: Notes and comments to the consolida
Page 95 and 96: Goodwill is tested on an annual bas
Page 97 and 98: NOTE 28 CHANGES IN SHAREHOLDERS’
Page 99 and 100: Pension cost MSEK IFRS 2005 Notes a
Page 101 and 102: Table 1A. Adjusted Consolidated Sta
Page 103 and 104: Free cash fl ow was not impacted by
Page 105 and 106: elating to the tax calculated on th
Page 107: Table 5. Consolidated Balance Sheet
Page 111 and 112: Statement of income MSEK NOTE Paren
Page 113 and 114: Parent Company changes in sharehold
Page 115 and 116: NOTE 42 PERSONNEL Average number of
Page 117 and 118: NOTE 50 LIQUID ASSETS Liquid assets
Page 119 and 120: To the Annual General Meeting of th
Page 122 and 123: Corporate Governance - Board of Dir
Page 124 and 125: Corporate governance - Report of th
Page 130 and 131: Corporate Governance - Report of th
Page 134 and 135: Corporate Information
Page 136 and 137: Corporate Information - Financial i
Page 138: Securitas Services Ltd. Berkshire H
show all

Securitas AB Annual Report 2005

Create successful ePaper yourself

Delete template?

Save as template?