Securitas AB Annual Report 2005

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Consolidated fi nancial statements Changes in shareholders’ equity 1 MSEK NOTE Share capital Shareholders’ equity attributable to equity holders of the Parent Company Other capital contributed Other reserves Retained earnings Total Minority interests Total Opening balance 2004 according to IFRS 365.1 7,362.6 – 2,966.8 10,694.5 15.6 10,710.1 Net investments hedges – – 163.8 – 163.8 – 163.8 Translations differences – – –829.7 – –829.7 0.3 –829.4 Net income/expenses recognized directly in equity – – –665.9 – –665.9 0.3 –665.6 Net income for the year – – – 2,527.8 2,527.8 0.7 2,528.5 Total change excluding transactions with equity holders – – –665.9 2,527.8 1,861.9 1.0 1,862.9 Dividend paid to shareholders of the Parent Company – – – –730.1 –730.1 – –730.1 Opening balance 2005 365.1 7,362.6 –665.9 4,764.5 11,826.3 16.6 11,842.9 Effect of change in accounting principle IAS 39 Opening balance 2005 adjusted 5, 37 – – – –2.7 –2.7 – –2.7 in accordance with new princple 365.1 7,362.6 –665.9 4,761.8 11,823.6 16.6 11,840.2 Cash fl ow hedges net of tax 5 – – 11.2 – 11.2 – 11.2 Net investments hedges – – –544.6 – –544.6 – –544.6 Translations differences – – 1,939.2 – 1,939.2 1.3 1,940.5 Net income/expenses recognized directly in equity – – 1,405.8 – 1,405.8 1.3 1,407.1 Net income for the year – – – 2,711.1 2,711.1 1.5 2,712.6 Total change excluding transactions with equity holders – – 1,405.8 2,711.1 4,116.9 2.8 4,119.7 Acquistion of Minority interests – – – – – –17.9 –17.9 Dividend paid to shareholders of the Parent Company – – – –1,095.2 –1,095.2 – –1,095.2 Closing balance 2005 365.1 7,362.6 739.9 6,377.7 14,845.3 1.5 14,846.8 1 For further information, refer to Note 28. 78 SECURITAS 2005
Financial statements – Notes and comments to the consolidated fi nancial statements 80 Note 1 Accounting principles 84 Note 2 Defi nitions, calculation of key ratios and exchange rates 85 Note 3 Critical estimates and judgements Note 4 Events after the balance sheet date Note 5 Financial risk management 88 Note 6 Transactions with related parties Note 7 Remuneration to the Board of Directors and Senior Management 89 Note 8 Segment reporting 90 Note 9 Allocation of revenue 91 Note 10 Operating expenses Note 11 Personnel 92 Note 12 Depreciation and amortization Note 13 Finance net Note 14 Taxes 93 Note 15 Acquisition and divestments of subsidiaries and impairment testing 95 Note 16 Goodwill Note 17 Acquisition related intangible fi xed assets Note 18 Other intangible fi xed assets Note 19 Tangible fi xed assets 96 Note 20 Shares in associated companies Note 21 Interest-bearing fi nancial fi xed asssets Note 22 Other long-term receivables Note 23 Inventories Note 24 Accounts receivable Note 25 Other current receivables Note 26 Other interest-bearing current assets Note 27 Liquid assets 97 Note 28 Changes in shareholders’ equity 98 Note 29 Convertible debenture loans Note 30 Long-term liabilities excluding provisions Note 31 Provisions for pensions and similar commitments 99 Note 32 Provisions Note 33 Other short-term loan liabilities 100 Note 34 Other current liabilities Note 35 Pledged assets Note 36 Contingent liabilities 101 Note 37 Transition to International Financial Reporting Standards in 2005 SECURITAS 2005 79
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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
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 44 and 45: Security Services USA Security Offi
Page 46 and 47: Security Services USA Security Offi
Page 50 and 51: Security Services Europe In order t
Page 52 and 53: Security Services Europe Securitas
Page 56 and 57: Securitas Systems In the fall of 20
Page 58 and 59: Securitas Systems Bell Security, ac
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: Supplementary information Securitas
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 and 108: Table 5. Consolidated Balance Sheet
Page 109 and 110: NOTE A GOODWILL MSEK Jan 1, 2004 De
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
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Report of the Board of Directors -
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Corporate Governance - Report of th
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Report of the Board of Directors -
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Corporate Information
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Corporate Information - Financial i
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Securitas Services Ltd. Berkshire H
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Securitas AB Annual Report 2005

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