Annual Report 2006 ISS Global A/S

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NOTES TO THE FINANCIAL STATEMENTS OF THE PARENT COMPANY 1 January - 31 December. Amounts in DKK millions 7. Taxes Income taxes Balance at 1 January - Adjustments relating to prior years, net (3) Tax regarding equity movements - Tax on profit before tax (16) (19) Reclassification of joint taxation contribution - Tax received, net - Taxes at 31 December (19) Tax payables/ (receivables) (19) 3 19 (27) (24) (128) 137 (15) Deferred tax liabilities/ (assets) (155) - - 43 (112) - - (112) Income taxes - 2 - 22 24 - - 24 Tax payables/ (receivables) Equipment - Provisions 112 Deferred tax assets 112 Unrecognised tax assets 2006 2005 7 91 (20) 40 118 93 (230) (19) 2006 Total Recognised Unrecognised Total Recognised 9 2006 2005 - 9 2 8. Net proceeds from financing 2006 Long-term and short-term debt at 1 January (16,154) Foreign exchange and other adjustments 3 Fair value adjustment and amortisation of gain/losses related to swaps 153 Reversal of effect from loan costs 57 Long-term and short-term debt at 31 December 19,492 - Deferred tax liabilities/ (assets) A deferred tax liability associated with investments in subsidiaries and joint ventures has not been recognised, because ISS Global A/S is able to control the timing of the reversal of the temporary differences and does not expect the temporary differences to reverse in the foreseeable future. Net proceeds from financing 3,551 (0) (93) - (62) (155) - - (155) 2005 0 155 155 Unrecognised ISS Global A/S has unrecognised deferred tax assets (tax loss carried forward). The unrecognised tax loss can be carried forward indefinitely. 2005 2 (10,362) (92) (247) - 16,154 _____________________________________________________________________________________________________________ ANNUAL REPORT 2006 / Parent Company Financial Statements 114 5,453
NOTES TO THE FINANCIAL STATEMENTS OF THE PARENT COMPANY 1 January - 31 December. Amounts in DKK millions 9. Non-current assets Investments in subsidiaries 2006 Cost at 1 January 14,918 Additions 2,961 Disposals (1,735) Cost at 31 December 16,144 Revaluation at 1 January (934) Impairment (49) Dividends received in excess of accumulated profits (224) Revaluation at 31 December (1,207) Carrying amount at 31 December 14,937 2005 Cost at 1 January 11,774 Additions 4,860 Disposals (1,716) Cost at 31 December 14,918 Revaluation at 1 January (760) Impairment (174) Disposals - Revaluation at 31 December (934) Carrying amount at 31 December 13,984 Investments in joint ventures 2 - - 2 - - - - 2 39 - (37) 2 - - - - 2 Receivables from affiliates 2,196 6,223 - 8,419 - - - - 8,419 452 1,744 - 2,196 - - - - 2,196 Other securities and investments 2006 2005 Income from subsidiaries and joint ventures Impairment 1) (49) (174) Dividends received from subsidiaries and joint ventures 334 474 Hereof in excess of accumulated profits (224) - Proceeds from sale of subsidiaries and joint ventures 1,739 5,814 Carrying amounts of sold subsidiaries and joint ventures (1,735) (1,753) 1) The recoverable amount of investments in subsidiaries and joint ventures is determined on the basis of the value-in-use adjusted for net debt. The impairment loss of DKK 49 million (2005: DKK 174 million) related to Argentina (DKK 18 million), Italy (DKK 17 million) and Russia (DKK 14 million). The impairment tests have been based on business plans prepared by the local management. For a list of directly owned subsidiaries and joint ventures, see note 16, Subsidiaries and joint ventures. _____________________________________________________________________________________________________________ ANNUAL REPORT 2006 / Parent Company Financial Statements 115 65 - - - - - - - - - 54 - (54) - 16 - (16) - - 4,361
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ISS Global A/S Bredgade 30 DK - 126
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Key Figures Amounts in DKK millions
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growth. Furthermore, the effect of
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In 2006, ISS Global continued the p
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to costs related to a turnaround pl
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structure, ISS established an Opera
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Strategy ISS Global is a fully owne
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Geography ISS intends to increasing
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Openness and transparency In additi
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tors. The controllers perform follo
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Risk Factors ISS Global is a fully
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tual obligations could harm ISS’s
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If ISS fails to manage growth and i
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ISS may incur substantial liabiliti
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thus reduce or prevent dividend pay
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Independent Auditor’s Report To t
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Organic growth ISS Global uses esti
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2006 primarily related to redundanc
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Tempo as well as a number of smalle
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including non-interest-bearing debt
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CONSOLIDATED CASH FLOW STATEMENT 1
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CONSOLIDATED STATEMENT OF TOTAL REC
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NOTES TO THE CONSOLIDATED FINANCIAL
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Page 63 and 64: NOTES TO THE CONSOLIDATED FINANCIAL
Page 103 and 104: CASH FLOW STATEMENT OF THE PARENT C
Page 105 and 106: STATEMENT OF TOTAL RECOGNISED INCOM
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Page 113: NOTES TO THE FINANCIAL STATEMENTS O
Page 123: Definitions EBITDA = Operating prof
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Annual Report 2006 ISS Global A/S

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