Securitas AB Annual Report 2005

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Notes and comments to the Parent Company fi nancial statements NOTE 46 MACHINERY AND EQUIPMENT MSEK NOTE 47 SHARES IN SUBSIDIARIES 1 Subsidiary name Corporate registration no. Domicile Number of shares % of share capital % of voting rights Book value Parent Company Securitas Holdings Inc. 95-4754543 Parsippany 100 100 100 3,355.7 Securitas Nordic Holding AB 556248-3627 Stockholm 1,000,000 100 100 4,476.8 Securitas Cash Handling Services Holding AB 556620-8095 Stockholm 1,000 100 100 1,948.6 Securitas Systems AB 556436-6267 Stockholm 5,000 100 100 3,891.3 Securitas Direct AB 556222-9012 Linköping 109,000 100 100 243.6 Securitas Deutschland Finanz Holding GmbH HRB 33348 Düsseldorf 100% 100 100 2,345.2 Securitas Seguridad Holding SL B83446831 Madrid 30,100 100 100 6,879.9 Securitas Services Holding Ltd 2073469 London 502,000 100 100 898.9 Securitas Services International B.V. 33287487 Amsterdam 25,000 100 100 4,343.1 Protectas S.A. CH-550-0084385-3 Lausanne 25,000 100 100 32.8 Securitas Direct S.A. 272139 Bern 500,000 100 100 2.1 Securitas Sicherheitsdienstleistungen GmbH FN148202w Vienna 100 100 100 58.3 Securitas N V 0427.388.334 Brussels 1,000 100 100 272.8 Alert Services Holding N V RPR617707 Brussels 3,311,669 53.01 53.01 576.3 Securitas Transporte é Tratamento De Valores S.A. 506632768 Lisboa 410,000 100 100 5.0 Securitas KFT Cg.01-09-721946 Budapest 100% 100 100 0.9 Securitas Polska Sp z o o 36743 Warsaw 594,000 100 100 15.7 Securitas Eesti AS 10188743 Tallinn 1,371 100 100 32.1 Securitas CR s r o CZ43872026 Prague 100% 100 100 8.8 Securitas Canada Ltd 036580-6 Montreal 4,004 100 100 85.6 Grupo Securitas Mexico, S.A. de C.V. GSM930817U48 Monterrey 5,000 100 100 14.5 Organización Fiel S.A. 1587929 Buenos Aires 1,412,000 100 100 13.5 Securitas Treasury Ireland Ltd 152440 Dublin 21,075,470 100 100 2,344.0 Securitas Group Reinsurance Ltd 317030 Dublin 50,000,000 100 100 576.5 Securitas Toolbox Ltd 316907 Dublin 100 100 100 – Securitas Cash Handling Services Reinsurance Ltd 152439 Dublin 500,000 100 100 242.4 Securitas Rental AB 556376-3829 Stockholm 1,000 100 100 3.6 Securitas Invest AB 556630-3995 Stockholm 1,000 100 100 21,719.7 Securitas Transport Aviation Security AB 5566691-8917 Stockholm 100,000 100 100 5.1 Other holdings 4.4 Total shares in subsidiaries 54,397.2 1 A complete specifi cation of subsidiaries can be obtained from the Parent Company. NOTE 48 SHARES IN ASSOCIATED COMPANIES Holdings 2005 RR 32 2005 Company Domicile RR 32 2004 Shares in equity, % Swedish GAAP 2004 Opening balance 9.0 10.9 10.9 Capital expenditures 0.6 0.8 0.8 Sales/disposals 0.0 –2.7 –2.7 Closing accumulated balance 9.6 9.0 9.0 Opening depreciation –6.3 –7.7 –7.7 Sales/disposals – 2.7 2.7 Depreciation for the year –1.1 –1.3 –1.3 Closing accumulated depreciation –7.4 –6.3 –6.3 Closing residual value 2.2 2.7 2.7 Book value Securitas Employee Convertible 2002 Holding S.A. Luxembourg 43.1 163.8 Total shares in associated companies – – 163.8 NOTE 49 PREPAID EXPENSES AND ACCRUED INCOME MSEK RR 32 2005 RR 32 2004 Swedish GAAP 2004 Prepaid rents 0.2 0.3 0.3 Prepaid fi nancial expenses 43.0 60.0 60.0 Other prepaid expenses 6.2 5.9 5.9 Accrued interest income 471.9 433.4 433.4 Total prepaid expenses and accrued income 521.3 499.6 499.6 116 SECURITAS 2005
NOTE 50 LIQUID ASSETS Liquid assets 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 fi xed interest rate bank deposits valued at cost. NOTE 51 CHANGES IN SHAREHOLDERS’ EQUITY Number of shares outstanding December 31, 2005 MSEK Series A 17.142.600 each with a par value of SEK 1,00 17.1 Series B 347.916.297 each with a par value of SEK 1,00 348.0 Total 365.058.897 365.1 The number of shares, Series A and Series B, is unchanged in relation to December 31, 2004. The maximum number of shares after full dilution by conversion of convertible debenture loan is 17,142,600 Series A shares and 357,872,800 Series B shares, in total 375,015,400 shares. Dividend The Board of Directors and the President propose a dividend to the shareholders of the Parent Company of SEK 3.50 per share, or a total of MSEK 1,277.7. The dividend to the shareholders for the previous year, 2004, which was paid to the shareholders in 2005, was SEK 3.00 per share, or a total of MSEK 1,095.2. The dividend for the year 2003, which was paid to the shareholders in 2004, was SEK 2.00 per share, or a total of MSEK 730.1. NOTE 52 CONVERTIBLE DEBENTURE LOANS For information on convertible debenture loans, refer to the information for the Group and Parent Company in Note 29. NOTE 53 LONG-TERM LIABILITIES Long-term liabilities fall due for payment as follows MSEK RR 32 2005 RR 32 2004 Swedish GAAP 2004 Maturity < 5 years 6,332.1 9,805.3 9,805.3 Maturity > 5 years 51.0 – – Total long-term liabilities 6,383.1 9,805.3 9,805.3 Notes and comments to the Parent Company fi nancial statements NOTE 54 ACCRUED EXPENSES AND PREPAID INCOME MSEK RR 32 2005 RR 32 2004 Swedish GAAP 2004 Staff-related items 20.5 41.1 41.1 Accrued fi nancial expenses – 8.7 8.7 Accrued interest expenses 515.7 458.1 458.1 Other accrued expenses Total accrued expenses and 4.4 8.3 8.3 prepaid income 540.6 516.2 516.2 NOTE 55 CONTINGENT LIABILITIES MSEK RR 32 2005 RR 32 2004 Swedish GAAP 2004 Sureties and guaranties1 4,723.1 3,506.8 3,506.8 Other contingent liabilities 93.4 138.6 138.6 Total contingent liabilities 4,816.5 3,645.4 3,645.4 (Of which bonus commitments) – (48.9) (48.9) (Of which on behalf of subsidiaries) (4,816.5) (3,596.5) (3,596.5) 1 The Parent Company carries guaranties for loan liabilities at full value even if the underlying facilities in the subsidiaries are not fully utilized. SECURITAS 2005 117
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Securitas AB Annual Report 2005
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Sales per region A world
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A positive 2005 lays the foundation
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A history of growth Securitas was f
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The wheel of fortune Rationalizatio
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Koncernen 12 Comments by the CEO 14
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and customers have been convinced t
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The Securitas Group - sales growth,
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From multi-service providers to sec
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The entire organization supports th
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Our values Our values - Integrity,
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New sales of customer contracts tha
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25 20 15 10 5 0 Return on capital e
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Risk business plans Each division a
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Swedish GAAP IFRS MSEK 2001 2002 20
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Income 2004 MSEK IFRS Q1 2004 IFRS
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Market capitalization & Enterprise
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Report of the Board of Directors -
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Financial overview BDM, Switzerland
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Financial overview Divestment of re
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Security Services USA Security Offi
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Security Services USA Security Offi
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Security Services Europe In order t
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Security Services Europe Securitas
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Securitas Systems In the fall of 20
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Securitas Systems Bell Security, ac
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Direct Mikael Sundberg holds the fr
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Direct Directs model for expansion
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Page 75 and 76: Statement of cash fl ow MSEK NOTE I
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Page 81 and 82: net assets, and qualify for the hed
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Page 97 and 98: NOTE 28 CHANGES IN SHAREHOLDERS’
Page 99 and 100: Pension cost MSEK IFRS 2005 Notes a
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Page 105 and 106: elating to the tax calculated on th
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Page 109 and 110: NOTE A GOODWILL MSEK Jan 1, 2004 De
Page 111 and 112: Statement of income MSEK NOTE Paren
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Page 138: Securitas Services Ltd. Berkshire H
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