Annual Report 2006 ISS Global A/S

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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 1 January – 31 December. Amounts in DKK millions 2. Segment information (continued) Geographical (primary segment) 2006 France 8,235 United Kingdom 3,181 Norway 2,298 Denmark 2) 1,926 Sweden 2,146 Netherlands 2,904 Finland 2,627 Spain 2,244 Australia 2,357 Belgium and Luxembourg 1,479 Switzerland 1,395 Germany 1,783 Asia 3) 1,142 Austria 769 Latin America 4) 748 Central and Eastern Europe 5) 695 Israel 645 Ireland 377 Turkey 337 Portugal 136 Greece 226 Italy 268 New Zealand 162 Iceland 97 Greenland Regional items, not allocated 99 to countries 2,398 Total operations 40,674 Corporate functions/ eliminations 6) Segment Investments assets in assets 1) (1,776) Total 38,898 (165) (53) (82) (71) (18) (40) (60) (13) (26) (29) (38) (36) (42) (8) (18) (32) (5) (16) (10) (6) (3) (3) (2) (2) (1) - (779) (52) (831) Investments in associates 3 - 44 - 14 3 1 - - - - - 1 - - - - - - - - - - - - - 66 Depreciation and amortisation 161 67 59 54 32 31 62 17 27 22 33 21 32 8 12 18 8 10 4 5 3 3 2 2 6 - 699 Goodwill impairment and writedown - - - - - - - - - - - - - - - - - - - - - - - - - - - Amortisation of brands and customer contracts 1) Investment in intangible assets and property, plant and equipment, net. 2) Including the Faroe Islands. 3) Asia comprises Brunei, China, Hong Kong, India, Indonesia, Malaysia, the Phillippines, Singapore, Sri Lanka and Thailand. - 66 41 740 (15) (15) Segment liabilities 33 7,106 29 2,615 24 1,785 7 839 17 2,044 11 1,932 30 1,739 37 1,869 30 2,194 9 844 22 763 13 723 18 711 6 1,109 7 598 8 423 12 347 7 254 4 209 2 169 4 208 1 173 2 129 - 20 0 50 333 333 0 42 28,895 0 8,325 37,220 4) Latin America comprises Argentina, Brazil, Chile, Mexico and Uruguay. 5) Central and Eastern Europe comprises the Czech Republic, Croatia, Estonia, Hungary, Poland, Romania, Russia, Slovenia and Slovakia. 6) Includes eliminations of intra-group balances and investments. Number of employees at year-end 41,109 39,170 14,907 12,770 11,117 21,534 12,061 24,470 16,416 10,404 8,821 12,956 72,776 8,530 32,679 19,392 8,130 2,948 10,835 4,625 2,038 567 1,934 806 268 - 391,263 93 391,356 Continues _____________________________________________________________________________________________________________ ANNUAL REPORT 2006 / Consolidated Financial Statements 54
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 1 January – 31 December. Amounts in DKK millions 2. Segment information (continued) Geographical (primary segment) 2005 External revenue France 8,822 United Kingdom 6,036 Norway 3,724 Denmark 3) 3,528 Netherlands 3,259 Sweden (excluding Health Care) 3,170 Finland 3,132 Spain 2,675 Belgium and Luxembourg 2,341 Germany 1,791 Switzerland 1,399 Austria 1,367 Asia 4) 1,174 Central and Eastern Europe 5) 615 Latin America 6) 598 Ireland 463 Israel 375 Australia 338 Turkey 298 Portugal 283 Greece 208 Italy 202 Iceland 136 Greenland 105 New Zealand Regional items, not allocated 55 to countries - Total continuing operations 46,094 Japan 49 Health Care 310 Discontinuing operations 359 Corporate functions/eliminations - Total 46,453 Total revenue 1) Operating profit before other items 8,822 6,039 3,724 3,528 3,259 3,172 3,132 2,675 2,341 1,791 1,399 1,367 1,174 615 598 463 375 338 298 283 208 202 136 105 55 - 46,099 49 310 359 (5) 46,453 564 370 271 252 200 133 235 158 146 56 95 105 75 36 30 40 23 40 17 20 13 22 10 5 2 (8) 2,910 2 38 40 (87) Operating margin % 6.4 6.1 7.3 7.1 6.1 4.2 7.5 5.9 6.2 3.2 6.8 7.7 6.4 5.9 5.0 8.7 6.1 11.8 5.7 7.0 6.1 10.9 7.1 4.4 2.8 6.3 3.3 12.2 11.1 Operating profit - (8) Share of result from associates Cash flow from operating activities 2) 402 0 231 299 - 219 187 2 110 177 - 163 135 - 192 16 - 146 187 1 192 113 - 121 106 - 110 (41) 0 29 68 - 82 98 - 25 61 - 62 27 - 27 20 - 16 34 - 43 10 - 2 28 11 30 13 - 8 16 - 19 9 - 7 19 - 19 8 - 6 0 - 6 1 - 0 1,985 11 275 286 - 22 1) Internal revenue has not been disclosed due to immateriality. 2) Compared to 2005, Interest paid has in 2006 been reclassified from cash flow from operating activities to cash flow from financing activities. Comparative figures have been restated accordingly. 3) Including the Faroe Islands. 4) Asia comprises Brunei, China, Hong Kong, India, Indonesia, Malaysia, Singapore, Sri Lanka and Thailand. 5) Central and Eastern Europe comprises the Czech Republic, Croatia, Estonia, Hungary, Poland, Romania, Russia, Slovenia and Slovakia. 6) Latin America comprises Argentina, Brazil, Chile and Uruguay. 2,863 6.2 2,293 - 14 - 1 1 - 15 (33) 1,832 1 5 6 (228) 1,610 Continues _____________________________________________________________________________________________________________ ANNUAL REPORT 2006 / Consolidated Financial Statements 55
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ISS Global A/S Bredgade 30 DK - 126
Page 3 and 4: Key Figures Amounts in DKK millions
Page 5 and 6: growth. Furthermore, the effect of
Page 7 and 8: In 2006, ISS Global continued the p
Page 9 and 10: to costs related to a turnaround pl
Page 11 and 12: structure, ISS established an Opera
Page 13 and 14: Strategy ISS Global is a fully owne
Page 15 and 16: Geography ISS intends to increasing
Page 17 and 18: Openness and transparency In additi
Page 19 and 20: tors. The controllers perform follo
Page 21 and 22: Risk Factors ISS Global is a fully
Page 23 and 24: tual obligations could harm ISS’s
Page 25 and 26: If ISS fails to manage growth and i
Page 27 and 28: ISS may incur substantial liabiliti
Page 29 and 30: thus reduce or prevent dividend pay
Page 31 and 32: Independent Auditor’s Report To t
Page 33 and 34: Organic growth ISS Global uses esti
Page 35 and 36: 2006 primarily related to redundanc
Page 37 and 38: Tempo as well as a number of smalle
Page 39 and 40: including non-interest-bearing debt
Page 41 and 42: CONSOLIDATED CASH FLOW STATEMENT 1
Page 43 and 44: CONSOLIDATED STATEMENT OF TOTAL REC
Page 45 and 46: NOTES TO THE CONSOLIDATED FINANCIAL
Page 53: 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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NOTES TO THE FINANCIAL STATEMENTS O
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Definitions EBITDA = Operating prof
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