Securitas AB Annual Report 2005

Supplementary information
Securitas’ fi nancial model – consolidated capital employed and fi nancing
MSEK IFRS 2005
IFRS 2004
Consolidated fi nancial statements
Swedish GAAP
2004
Operating capital employed
Other intangible fi xed assets 313.3
268.6 431.9
Buildings and land 965.7
1,043.2 1,043.2
Machinery and equipment 4,975.8
4,776.8 4,776.8
Deferred tax assets 1,600.2
1,441.6 1,442.2
Other long-term receivables 543.1
434.0 434.0
Inventories 777.5
608.6 608.6
Accounts receivable 10,362.5
8,828.0 7,279.0
Other current receivables 2,834.9
2,448.2 2,448.2
Total assets 22,373.0
19,849.0 18,463.9
Other long-term liabilities 99.1
90.8 90.8
Provisions for pensions and similar commitments 885.1
851.4 851.4
Deferred tax liability 427.7
474.9 408.8
Other provisions 870.8
790.0 821.2
Accounts payable 1,560.8
1,411.4 1,411.4
Other current liabilities 10,347.4
9,489.6 9,489.6
Total liabilities 14,190.9
13,108.1 13,073.2
Total operating capital employed 8,182.1
6,740.9 5,390.7
Goodwill 17,792.4
15,301.9 14,508.3
Acquisition related intangible fi xed assets 638.5
433.2 –
Shares in associated companies 178.6
– –
Total capital employed 26,791.6
22,476.0 19,899.0
Operating capital employed as % of sales 12
11 9
Return on capital employed, % 16
18 20
Net debt
Interest-bearing fi nancial fi xed assets 1,166.8
138.2 138.2
Other interest-bearing current assets 668.5
– –
Short-term investments 2,115.5
2,192.1 2,192.1
Cash and bank deposits 1,355.3
928.3 928.3
Total interest-bearing assets 5,306.1
3,258.6 3,258.6
Long-term convertible debenture loans 2,388.4
3,940.6 3,940.6
Other long-term loan liabilities 5,246.8
6,201.2 6,201.2
Other short-term loan liabilities 9,615.7
3,749.9 2,200.9
Total interest-bearing liabilities 17,250.9
13,891.7 12,342.7
Total net debt 11,944.8
10,633.1 9,084.1
Net debt equity ratio, multiple 0.80
0.90 0.84
Minority interests
Shareholders’ equity
–
– 16.6
Share capital 365.1
365.1 365.1
Other capital contributed 7,362.6
7,362.6 7,362.6
Other reserves 739.9
–665.9 –2,155.8
Retained earnings 6,377.7
4,764.5 5,226.4
Minority interests 1.5
16.6 –
Total shareholders’ equity 14,846.8
11,842.9 10,798.3
Total fi nancing 26,791.6
22,476.0 19,899.0
Securitas’ fi nancial model is described on page 22–25. ■ Operating items. ■ Net debt-related items.
■ Goodwill, taxes and non-operating. ■ Items related to shareholders’ equity.
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