Making people successful in a changing world - Annual Report 2012

More documents

Recommendations

Info

Balance Sheets (Holding Company)In millions, except share and per share amountsas of December 312001 2000AssetsCurrent assets- Cash and cash equivalents CHF 94 CHF 42- Amounts due from subsidiaries 25 82- Amounts due from third parties 1 2- Withholding taxes, accrued income and prepaid expenses 37 57157 183Non-current assets- Investments in subsidiaries 2,450 2,415- Loans to subsidiaries 4,069 3,701- Provisions on investments in and loans to subsidiaries (1,072) (1,056)5,447 5,060- Investments - 10- Treasury shares 9 9- Other fixed assets 93 1075,549 5,186Total Assets CHF 5,706 CHF 5,369LiabilitiesCurrent liabilities- Amounts due to subsidiaries CHF 28 CHF 27- Amounts due to third parties 49 -- Accrued liabilities 49 46126 73Non-current liabilities- Long-term debt 300 532- Long-term debt to subsidiaries 1,552 1,418- Provisions and non-current liabilities 149 1192,001 2,069Total liabilities 2,127 2,142Shareholders’ EquityShare and participation capital 186 186General reserve 1,951 1,920Reserve for treasury shares 9 9Retained earnings 1,433 1,112Total shareholders’ equity 3,579 3,227Total liabilities and shareholders’ equity CHF 5,706 CHF 5,369The accompanying notes are an integral part of these financial statements.26
Statements of Operations (Holding Company)In millions, except share and per share amountsfor the years ended December 312001 2000Operating income- Royalties and fees CHF 427 CHF 284- Dividends 89 111- Gain on sale of investments 35 1- Interest income from subsidiaries 270 216- Interest income from third parties 1 3- Other income 3 -825 615Operating expense- Interest expense to subsidiaries (90) (42)- Interest expense to third parties (41) (87)- Provisions on loans to subsidiaries (11) (29)- Taxes (27) (18)- Financial expenses (72) (35)- Other expenses (including depreciation of CHF 28 and CHF 16) (78) (41)(319) (252)Net income for the year 506 363Retained earnings, beginning of year 1,112 903Transfer of treasury shares - 1Dividend distribution (185) (155)Retained earnings, end of year CHF 1,433 CHF 1,112The accompanying notes are an integral part of these financial statements.27
Page 1 and 2:
ANNUAL REPORT 2001Operational Revie
Page 3 and 4:
Table of ContentsAdecco at a Glance
Page 5 and 6:
RevenuesProfitsGeographical Distrib
Page 7 and 8:
Klaus J. JacobsChairmanPhilippe For
Page 9:
For all those people seeking to fin
Page 12 and 13: Strong management delivers resultsR
Page 15 and 16: Adecco: 30,000 entrepreneursseizing
Page 17 and 18: Patrick DeMaeseneire, AjilonStaffin
Page 19 and 20: Social change and the fitness of th
Page 21 and 22: The Agenda for ChangeLength of Assi
Page 23 and 24: Drivers inTechnologyPeople, Bricks
Page 25 and 26: And to ensure that all Adecco and s
Page 27 and 28: Hewlett Packard in South Korea -Mob
Page 29 and 30: Adecco Learning CentresAdecco UK op
Page 31 and 32: Drivers inEmerging MarketsThe appet
Page 33 and 34: Ajilon Staffing &Adecco Staffing Di
Page 35 and 36: Directors, Management and AuditorsB
Page 37 and 38: ANNUAL REPORT 2001Financial ReviewM
Page 39 and 40: Table of ContentsFinancial Review 4
Page 41 and 42: Financial reviewIn millions, except
Page 43 and 44: Selected Financial Information - Un
Page 45 and 46: Consolidated Statements of Operatio
Page 47 and 48: Consolidated Statements of Changes
Page 49 and 50: Notes to Consolidated Financial Sta
Page 61: Report of the Group Auditors to the
Page 65 and 66: Notes to Financial Statements (Hold
Page 67 and 68: Major Consolidated SubsidiariesGrou
Page 69 and 70: Investor InformationStock Price Per
Page 71 and 72: Directors, Management and AuditorsB
show all

Making people successful in a changing world - Annual Report 2012

Create successful ePaper yourself

Delete template?

Save as template?