SECURITAS AB Annual Report 2011

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96 Annual Report Notes and comments to the consolidated financial statements Shareholdings The Board of Director’s and Group Management’s shareholdings through acquisitions on the stock market as well as the allocation of shares to the Group Management according to Securitas share based incentive scheme 2010 are detailed in the table below. BOARD Of DIRECTORS’ AND GROuP MANAGEMENT’S HOLDINGS Of SECuRITAS SERIES A AND B SHARES 1 A shares A shares B shares B shares B shares 2011 2010 2011 7 2010 7 Allocation March 2012 8 Melker Schörling, Chairman of the Board 2 4 500 000 4 500 000 16 001 500 16 001 500 – Carl Douglas, vice Chairman 3 12 642 600 12 642 600 29 390 000 29 390 000 – Fredrik Cappelen – – 4 000 0 – Marie Ehrling – – 4 000 4 000 – Annika Falkengren – – 7 500 7 500 – Stuart E. Graham 4 – – – 5 000 – Fredrik Palmstierna – – 17 200 17 200 – Sofia Schörling Högberg – – 2 400 2 400 – Alf Göransson, President and CEO – – 30 000 30 000 18 698 Santiago Galaz – – 65 000 60 000 15 195 William Barthelemy – – 17 000 17 000 2 716 Bart Adam – – 4 500 4 500 10 337 Aimé Lyagre – – 1 400 1 400 10 050 Luis Posadas 5 – – 40 136 – 0 Erik-Jan Jansen – – 0 0 6 177 Lucien Meeus – – 5 500 5 500 6 709 Marc Pissens – – 0 0 0 Antonio Villaseca Lopez 5 – – 0 – – Bengt Gustafson 6 – – – 0 – Gisela Lindstrand – – 1 000 1 000 2 327 Jan Lindström – – 3 500 3 500 3 584 Kim Svensson – – 300 300 2 885 Åsa Thunman 5 – – 0 – 1 558 Total holdings 17 142 600 17 142 600 45 594 936 45 550 800 80 236 1 Information refers to shareholdings as of December 31, 2011 and 2010. 2 Holdings through Melker Schörling AB. 3 Holdings private and through Investment AB Latour Group and Förvaltnings AB Wasatornet. 4 Has left the Board of Directors during 2011 why current holdings is not stated. Securitas Annual Report 2011 5 Has joined Group Management during 2011 why earlier holdings are not stated. 6 Has left Group Management during 2011 why current holdings is not stated. 7 Holdings per December 31 excluding potential allocation of shares according to Securitas share based incentive scheme (see footnote 8 below). 8 Actual allocation of shares in March 2012 according to Securitas share based incentive scheme 2010, including shares corresponding to dividend decided related to potential allocation of shares during 2011. The gross number of allocated shares is stated, of which part of the shares may have been sold to cover tax on the benefit. Other holdings of Securitas Series B shares in March 2012 are not included.
Note 9. Segment reporting Segment structure The Group’s operations are divided into four reportable segments: Security Services North America, Security Services Europe, Mobile and Monitoring and Security Services Ibero-America. The latter was created in 2011. Due to the new segment structure as well as operations moved between the segments Security Services Europe and Mobile and Monitoring, comparatives have been restated for the segments Security Services Europe, Mobile and Monitoring and Other. All segments apply the accounting principles explained in note 2. The segment reporting follows the format of Securitas’ financial model, which provides a foundation for financial planning and reporting from branch office level up to the Board of Directors. Acquisitions of subsidiaries are therefore excluded from the operating cash flow. All material acquisitions are stated at business segment level in the financial overview under the heading Acquisitions and divestitures. Security Services North America Security Services North America provides specialized security services in the USA, Canada and Mexico and comprises 20 business units: one organization for national and global accounts, ten geographical regions and six specialty customer segments – manufacturing, federal government services, defense and aerospace, energy, healthcare and aviation – in the USA plus Canada, Mexico and Pinkerton Consulting & Investigations. In total, there are approximately 108 000 employees, about 600 branch managers and 97 geographical areas. Security Services North America provides a wide range of services with various levels of specialization to customers in a variety of industries and segments in most parts of North America. Annual Report Notes and comments to the consolidated financial statements Security Services Europe Securitas’ European guarding operations comprise Security Services Europe, which provides specialized security services for large and mediumsized customers in 27 countries and Aviation, which provides airport security in 14 countries. The organization has a combined total of more than 108 000 employees and 700 branch managers. Security Services Europe serves customers in a variety of industries and customer segments. Aviation provides specialized services for airports, airport-related businesses and airlines. Mobile and Monitoring Mobile provides mobile security services, such as beat patrol and call-out services, for small and medium-sized businesses and residential sites, while Monitoring provides electronic alarm surveillance services. Mobile operates in 11 countries across Europe and has approximately 9 500 employees and 215 branch managers in 31 areas. Monitoring operates in 11 countries across Europe and has approximately 900 employees. Security Services Ibero-America The segment Security Services Ibero-America was created in 2011. It provides specialized security services for large and medium-sized customers in seven countries in Latin America, as well as Portugal and Spain in Europe. Security Services Ibero-America has a combined total of approximately 59 000 employees and close to 190 branch managers. Security Services Ibero-America operates in a variety of customer segments. Other Other includes all other operating segments as well as general administrative expenses, expenses for head offices and other central expenses. All other operating segments comprise the guarding operations in the Middle East, Asia and Africa as well as operations within security consulting that report directly to the chief operating decision maker. Up until October 21, 2011, Other also includes the Group’s joint venture Securitas Direct S.A. (Switzerland), which has been divested as of this date. Securitas Annual Report 2011 97
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Annual Report 2011
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Operating income before by business
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“ Specialization rather than dive
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2. Acquisitions Approximately half
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The key to success lies in “ work
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Knowledge Leader in Security Securi
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We specialize in customer segments
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12 Presentation of our business Ove
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14 Presentation of our business Sec
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18 Presentation of our business Mob
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22 Presentation of our business New
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· Increased use of technology. Inc
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Europe, 4-6 % market growth Growth:
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Greater customer value when investi
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A Challenging Year At year-end, the
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LARGEST SHAREHOLDERS AT DECEMBER 31
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Governance and Management
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Clear and Effective Structure for G
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The work of the Board of Directors
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Employee representatives 1 Annika F
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Supervisory Board (Finansinspektion
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Page 146: Securitas AB P.O. Box 12307 SE-102
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SECURITAS AB Annual Report 2011

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