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 27. Other provisions 2006 Transfers, net Provisions made during the year (included in the income statement) Provisions not used (reversed against the income statement) Provisions used during the year 1) Provisions included in goodwill during the year 2) Carrying amount at 1 January 2006 Foreign exchange adjustments Additions from acquired companies, net Labour- related items 96 (3) (1) 8 - 53 (27) (37) Carrying amount at 31 December 2006 89 Expected maturity Within 1 year 68 1-5 years 18 After 5 years 3 Carrying amount at 31 December 2006 89 2005 Foreign exchange adjustments Transfers, net 1) Carrying amount at 1 January 2005 Additions from acquired companies, net Provisions included in goodwill during the year Provisions made during the year (included in the income statement) 2) Provisions not used (reversed against the income statement) Provisions not used (reversed against goodwill) Provisions used during the year 71 0 5 18 - 40 (14) - (24) Carrying amount at 31 December 2005 96 Expected maturity Within 1 year 72 1-5 years 22 After 5 years 2 Carrying amount at 31 December 2005 96 Provisions are not discounted as the effect of time value of money is not material. Labour-related items: Self-insurance: Acquisitions: Other: Selfinsurance Acquisitions Other Total 75 1 5 20 - 42 - (23) 2) Includes only transaction costs related to acquisitions, as integration costs are included in the income statement. 120 43 72 5 120 36 0 - 13 - 37 (2) - (9) 75 42 33 - 75 56 (2) - - 110 105 - (205) 64 48 16 - 64 115 1 4 - 103 62 - (6) (223) 56 54 2 - 56 488 0 (68) 138 - 162 (73) (175) 472 255 181 36 472 424 4 7 15 - 269 (22) (1) (208) 488 308 154 26 488 715 (4) (64) 166 110 362 (100) (440) 745 414 287 44 745 646 5 16 46 103 408 (38) (7) (464) In 2006 and 2005, the provision mainly related to obligations in Belgium, Brazil, France, the Netherlands, Spain and Turkey. In Australia, Ireland and the United Kingdom, ISS Global carries an insurance provision on employers' liability. Ireland and the United Kingdom are self-insured up to an annual limit of DKK 43 million (DKK 34 million in 2005) for employers' liability. Australia is self-insured up to a limit of DKK 2 million per claim. ISS Global Corporate has taken out a group third party liability insurance programme. The ISS Global captive insurance company Global Insurance A/S carries part of the risk on the third party liability programme with a maximum annual limit of DKK 42 million (DKK 38 million in 2005). The provision includes obligations incurred in the normal course of acquisitions mainly related to transaction costs, redundancy payments and termination of rental of properties. The provision comprises various obligations incurred in the normal course of business e.g. provision for dismantling costs, operational issues, closure of contracts and legal cases. 1) In 2006, Transfers consisted of net provisions transfered to Other liabilities and Pensions and similar obligations. In 2005, Transfers consisted of provisions transfered from Other liabilities. _____________________________________________________________________________________________________________ ANNUAL REPORT 2006 / Consolidated Financial Statements 86 715 476 211 28 715
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 1 January – 31 December. Amounts in DKK millions 28. Short-term debt 2006 2005 Long-term debt, due within one year 199 Bank loans and overdrafts 1) 632 Finance leases 88 Debt to affiliates 2) 1,460 Short-term debt 2,379 1) Effective interest rate regarding bank loans and overdrafts was 6.9% (2005: 5.3%). 2) Effective interest rate regarding debt to affiliates was 7.3% (2005: 8.9%). 29. Other liabilities 2006 2005 Accrued wages and holiday allowances 3,953 Tax withholdings, VAT etc. 2,725 Prepayments from customers 460 Other payables and accrued expenses 2,765 Other liabilities 9,903 _____________________________________________________________________________________________________________ ANNUAL REPORT 2006 / Consolidated Financial Statements 87 1 940 98 162 1,201 3,161 2,540 357 1,966 8,024
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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
Page 35 and 36: 2006 primarily related to redundanc
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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 85: 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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