Annual Report 2006 ISS Global A/S

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
1 January – 31 December. Amounts in DKK millions
35. Discontinued operations
In 2006 there were no discontinued operations.
In February 2005, ISS Global sold its Health Care operations to a newly formed joint venture entity, now named Aleris Holding AB
("Aleris"), owned by EQT III Limited, ISS Global and Aleris's management. In June 2005, ISS Global sold its interest in Aleris to EQT
III Limited. The sale of Health Care resulted in a non-taxable gain DKK 237 million, included in Other income and expenses, net.
In September 2005, ISS Global sold its activities in Japan to Mitsui & Co. Ltd. The sale consisted of a sale of the 50% share in
Bussan ISS Holding Co Ltd., which is a holding company owning all shares of ISS Nesco Ltd. The sale of Japan resulted in a gain
before tax of DKK 10 million, included in Other income and expenses, net.
During 2005 the discontinued operations had cash inflow from operating activities of DKK 1 million, a cash outflow from investing
activities of DKK 10 million and a cash inflow from financing activities of DKK 10 million.
The discontinued operations resulted in proceeds of DKK 778 million and a decrease in net assets of DKK 539 million. Cash and
cash equivalents in the discontinued operations were DKK 8 million.
During 2005 the discontinued operations had a net profit of DKK 263 million:
Revenue -
Expenses
-
Operating profit before other items -
Other income and expenses, net -
Operating profit -
Share of result from associates -
Net finance costs -
Income taxes -
Profit/(loss) before impairment/amortisation of intangibles -
Amortisation of customer contracts -
Net profit for the period -
_____________________________________________________________________________________________________________
ANNUAL REPORT 2006 / Consolidated Financial Statements
100
2006
2005
359
(319)
-
40
247
287
1
(11)
(13)
264
(1)
263