Making people successful in a changing world - Annual Report 2012

More documents

Recommendations

Info

Major Consolidated SubsidiariesGroup holding %F/H/O/S*Group holding %F/H/O/S*North AmericaCanadaAccountants on Call of Canada Ltd 100 OAdecco Employment Services Ltd 100 O/HAjilon Canada Inc 100 OTad Telecom Canada Inc 100 ORoevin Technical People Ltd 100 OUSAAdecco Inc 100 HTAD PGS, Inc. 100 OADO Staffing Inc 100 O/HAdecco Employment Services Inc 100 OOlsten Staffing Services Corp 100 OLee Hecht Harrison LLC 100 OTad Telecom LLC 100 OPaywise Inc 100 OAdecco North America LLC 100 OAjilon LLC 100 OAsia PacificAustraliaAdecco Australia Pty Ltd 100 O/HAdecco Holdings Pty Ltd 100 HLee Hecht Harrison Pty Ltd 100 OTAD Pty Ltd 100 OAjilon Australia Pty Ltd 100 OJonathan Wren Australia Pty Ltd 100 OIcon Recruitment Pty Ltd 100 OChina100 OGuangdong Adia Personel Services Ltd 100 OHong KongLee Hecht Harrison Pty Ltd 100 OTemplar International Consultants Ltd 100 OAdecco Personnel Ltd 100 OIndonesiaTemplar International Consultants Pte Ltd 100 OJapanAdecco Career Staff Ltd 100 OMalaysiaAgensi Perkerjaan TemplarSearch & Selection Sdn Bhd 100 OAgensi Perkerjaan Personnel Sdn Bhd 100 ONew ZealandAdecco New Zealand Ltd 100 O/HIcon Recruitment Ltd 100 OPhilippinesAdd Force Personnel Services Inc 100 OSingaporeLee Hecht Harrison Pte Ltd 100 OAdecco Personnel Pte Ltd 100 OSouth KoreaAdecco Korea Inc 100 OTaiwanAdecco Personnel Company Ltd 100 OAdia Taiwan Ltd 100 OAdia L&M Personnel Consultants Ltd 100 OThailandAdecco Consulting Ltd 100 OLatin AmericaArgentinaAdecco Argentina SA 100 OBoliviaAdecco Bolivia SA 100 OBrazilAdecco Top Services R.H. Ltda 100 OChileAdecco Recursos Humanos SA 100 OColombiaAdecco Colombia SA 100 OCosta RicaAdecco de Costa Rica Recursos Humanos SA 100 ODominican RepublicAdecco Dominicana SA 100 OEcuadorAdeccoiberia SA 100 OGuatemalaAdecco Guatemala Recursos Humanos SA 100 OMexicoOlsten de Mexico SA de CV 100 OPanamaAdecco Panama SA 100 OPeruAdecco Peru SA 100 OPuerto RicoAdecco de Puerto Rico Inc 100 OAdecco Personnel Services Inc 100 OUruguayAdecco Uruguay SA 100 OVenezuelaAdecco Servicios C.A. 100 OOtherBermudaAdecco Financial Services Ltd 100 FAdecco Reinsurance Company Ltd 100 FSouth AfricaTechnihire Ltd 100 OMoroccoAdecco Maroc SA 100 OIsraelAdecco Israel Staffing Services Ltd 100 O*Represents:F - FinancialH - HoldingO - OperatingS - Group Services32
Investor InformationStock Price PerformanceShare Price (CHF)01.01.1996 01.01.1997 01.01.1998 01.01.1999 01.01.2000 01.01.2001 01.01.2002AdeccoSMI (re-based)Share information 25-yearCompoundGrowthRate 2001 2000 1999 1998 1997 1996Basic and diluted net loss per share (CHF) (2.30) (2.33) (1.01) (1.16) (1.52) (0.12)Basic and diluted net loss before cumulative effect of changein accounting principle (CHF) (2.25) (2.33) (1.01) (1.16) (1.52) (0.12)Income per share before amortisation of goodwill,restructuring costs and one-time items (basic) 1 (CHF) 25.5% 3.77 4.06 3.07 2.4 1.87 1.21Income per share before amortisation of goodwill,restructuring costs and one-time items (fully diluted) 1 (CHF) 18.6% 3.68 3.92 2.92 2.39 1.83 1.21Cash dividends per share (CHF) 6.8% 1.00 0.84 0.70 0.55 0.50 0.72Basic and diluted weighted average common shares 7.6% 185,880,663 183,735,340 172,128,580 167,900,250 164,594,310 128,611,650Fully diluted shares 3.0% 192,832,231 192,269,392 180,553,760 168,938,020 167,799,390 166,636,720Outstanding shares 2.5% 186,174,880 185,387,000 178,140,456 170,368,500 164,110,790 164,430,4401Income before amortisation of goodwill, restructuring costs and one-time items is not meant to portray net income or cash flow in accordance with U.S. GAAP or torepresent cash available to shareholders. One-time items include investment write-downs and cumulative effect of accounting changes.2All share and earnings per share figures have been adjusted for the 10 for 1 share split which took place in May 2001.Listing of sharesAdecco is registered in Switzerland and is listed on the SwissExchange (ADEN / trading on Virt-x: 1213860), NYSE (ADO),Euronext Premier Marché (12819).Market capitalisationAs of December 30, 2001, Adecco's management capitalisationbased on outstanding shares was approximately CHF 16.8 Billion(approximately USD 10.0 Billion), based at the year end rate ofCHF 1.68 to USD 1.ShareholdersAs of December 31, 2001, the total number of shareholders directlyregistered with Adecco SA was 12,338. Adecco additionally had 372registered ADR holders as of December 31, 2001.Adecco is not aware of any significant shareholders, other thanAKILA FINANCE SA and KJ Jacobs AG, which held interests of18.33% and 18.49%, at December 31, 2001.DividendsFor 2001, Adecco’s board of directors proposed a dividend ofCHF 1.00 per registered share, CHF 1.00 per participation certificate(and the proportional amount translated into US Dollars forregistered ADR holders). The dividend will be paid out for registeredshares and participation certificates, on April 29, 2002 and forregistered ADR's, on May 29, 2002.Adecco SA annual general meeting of shareholdersThe 2001 annual general meeting of shareholders will be held on April17, 2002 at 1400 hrs in the Hotel Lausanne Palace & Spa, Switzerland.Calendar of eventsDateEventFebruary 6, 2002 FY 2001 Earnings ReleaseApril 17, 2002 Annual General Meeting of ShareholdersApril 17, 2002 Q1 2002 Earnings ReleaseJuly 24, 2002 Q2 2002 Earnings ReleaseOctober 23, 2002 Q3 2002 Earnings ReleaseFebruary 5, 2003 FY 2002 Earnings Release33
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 and 62: Report of the Group Auditors to the
Page 63 and 64: Statements of Operations (Holding C
Page 65 and 66: Notes to Financial Statements (Hold
Page 67: Major Consolidated SubsidiariesGrou
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?