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 20. Inventories 2006 Raw materials and supplies Work in progress Finished goods Inventories Inventories expensed 4,911 21. Trade receivables and contract work in progress 2006 Provision for doubtful debts included in trade receivables Debtor days 2) Trade receivables 1) Contract work in progress Contract expenses Recognised profits 102 60 162 324 9,281 (225) 48 Contract work in progress, gross 258 Advances and prepayments (51) Contract work in progress, net 207 1) The carrying amount of trade receivables approximates their fair values. 2) Debtor days is calculated by dividing trade receivables with daily revenue including VAT. 22. Other receivables 2006 Receivable from affiliates 1) 20 Receivable from associate 2) - Interest rate swaps 3) 97 Prepayments 343 Other 351 Other receivables 4) 1) Effective interest rate regarding receivable from affiliates was 8.5% (2005: 6.4%). 2) Effective interest rate regarding receivable from associate was 15.0%. 3) The marked-to-market value of interest rate swaps. 4) The carrying amount of other receivables approximates their fair values. 221 37 811 2005 131 52 117 300 3,753 2005 7,564 (202) 47 _____________________________________________________________________________________________________________ ANNUAL REPORT 2006 / Consolidated Financial Statements 80 164 23 187 (34) 153 2005 141 179 27 321 187 855
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 1 January – 31 December. Amounts in DKK millions 23. Securities, cash and cash equivalents 2006 2005 2006 2005 2006 2005 Bonds 1) 58 Other 1 Securities 59 Cash and cash equivalents 2) 2,006 Carrying amount 1) Listed Danish mortgage bonds. 2) Of the total cash position, DKK 31 million (2005: DKK 51 million) is restricted and DKK 155 million (2005: DKK 0 million) is reserved for amortisation of Term Facility A in accordance with the terms of the Senior Facilities Agreement. 24. Share capital 2006 Share capital (in DKK millions) Share capital at 1 January 160 Share issues - 55 4 59 1,231 Average effective rate (%) Share capital at 31 December 160 Share capital (in thousands of shares) Number of shares at 1 January 160 Issued during the year - Number of shares at 31 December - fully paid 160 4.0 - 3.5 3.1 - 2.0 Average duration (years) _____________________________________________________________________________________________________________ ANNUAL REPORT 2006 / Consolidated Financial Statements 81 3.6 - - 1.6 - - 2005 160 - 160 160 - 160
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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
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 79: 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
Page 123: Definitions EBITDA = Operating prof
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Annual Report 2006 ISS Global A/S

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