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 12. Investments in non-current assets 2006 Purchase of intangible assets 1) and property, plant and equipment (971) Proceeds on sales of intangible assets and property, plant and equipment 140 Investments in intangible assets and property, plant and equipment, net (831) Investments in securities, net 5 Investments in other financial assets, net 2) 42 Investments in financial assets, net 47 1) Excluding goodwill, brands and customer contract portfolios and related customer relationships. 2) Including sale of Private Finance Initative stake in the United Kingdom. 13. Net proceeds from financing 2006 Long-term and short-term debt at 1 January (17,559) Foreign exchange and other adjustments 30 Additions from acquired and divested companies, net (414) Fair value adjustments and amortisation of gains/losses related to swaps 153 Reversal of effect from loan costs 57 Recognition of financial lease (39) Financial payments from/to affiliates, net 95 Long-term and short-term debt at 31 December 22,328 Net proceeds from financing 4,651 2005 (673) 131 (542) 130 (121) 9 2005 (11,298) (137) 170 (247) - (162) (18) 17,559 _____________________________________________________________________________________________________________ ANNUAL REPORT 2006 / Consolidated Financial Statements 72 5,867
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 1 January – 31 December. Amounts in DKK millions 14. Intangible assets Goodwill Brands 2006 Cost at 1 January 2006 17,059 - Foreign exchange adjustments (73) - Additions 2) 3,508 - Additions from acquired companies, net - 8 Disposals - - Transfer to Property, plant and equipment - - Cost at 31 December 2006 20,494 Impairment, write-down and amortisation at 1 January 2006 (417) Foreign exchange adjustments 3 Amortisation - Amortisation from acquired companies, net - Write-down (15) Disposals - Impairment, write-down and amortisation at 31 December 2006 (429) Carrying amount at 31 December 2006 20,065 2005 Cost at 1 January 2005 15,690 Foreign exchange adjustments 124 Additions 2) 2,094 Additions from acquired companies, net - Disposals (849) Transfer from Property, plant and equipment - Cost at 31 December 2005 17,059 Impairment, write-down and amortisation at 1 January 2005 (306) Foreign exchange adjustments 0 Amortisation - Amortisation from acquired companies, net - Impairment (111) Write-down (80) Disposals 80 Transfer from Property, plant and equipment - Impairment, write-down and amortisation at 31 December 2005 (417) Carrying amount at 31 December 2005 16,642 8 - - 0 - - - 0 8 - - - - - - - - - - - - - - - - - Customer contracts 1) 2,063 (20) - 1,271 - - 3,314 (277) 2 (333) - - - (608) 2,706 1,186 11 - 866 - - 2,063 (78) (1) (201) 3 - - - - (277) 1,786 Software and other intangible assets Total 417 0 107 11 (67) (3) 465 (297) 0 (60) (8) - 65 (300) 165 356 0 54 14 (10) 3 417 (226) (0) (70) (9) - (1) 10 (1) (297) 120 19,539 (93) 3,615 1,290 (67) (3) 24,281 (991) 5 (393) (8) (15) 65 (1,337) 22,944 17,232 135 2,148 880 (859) 3 19,539 (610) (1) (271) (6) (111) (81) 90 (1) (991) 18,548 1) Includes customer contract portfolios and related customer relationships. 2) In 2006, additions to goodwill included DKK 1,062 million relating to the acquisition of all remaining shares in Pacific Service Solutions Pty Ltd. including Tempo Services Ltd., Australia. In 2005, additions to goodwill included DKK 24 million relating to associates now fully owned. _____________________________________________________________________________________________________________ ANNUAL REPORT 2006 / Consolidated Financial Statements 73
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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
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 71: 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
Page 107 and 108: NOTES TO THE FINANCIAL STATEMENTS O
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Definitions EBITDA = Operating prof
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