Securitas AB Annual Report 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