SECURITAS AB Annual Report 2011

132
Annual Report
Notes and comments to the Parent Company financial statements
Note 42. Operating expenses and other operating income
AuDIT fEES AND REIMBuRSEMENTS
MSEK
PwC
2011 2010 2009
– audit assignments 5.4 5.2 4.9
– additional audit assignments 0.1 0.6 0.6
– tax assignments 4.1 4.4 4.9
– other assignments1 1.6 4.0 3.4
Total 11.2 14.2 13.8
1 The cost of other assignments carried out by PwC includes fees for audit-related advisory services
relating to accounting, including IFRS, IT, acquisitions, divestments and matters concerning the Group’s
internal bank.
Note 43. Personnel
AVERAGE NUMBER OF YEARLY EMPLOYEES: DISTRIBUTION BETWEEN WOMEN AND MEN
Note 44. Other financial income and expenses, net
MSEK 2011 2010 2009
Impairment losses, shares
in subsidiaries 1 -2 735.0 -4 552.6 -3 250.6
Group contributions paid 2 -29.9 -497.4 -500.2
Exchange rate differences, net 36.8 776.5 453.4
Bank costs and similar
income / expense items -15.2 -9.9 -16.6
Revaluation of financial instruments
(IAS 39) 4.0 -4.2 0.3
Other items, net – -0.1 -0.1
Total other financial income
and expenses, net -2 739.3 -4 287.7 -3 313.8
1 The value of shares in subsidiaries was written down 2011, 2010 and 2009 in connection with the
receipt by the Parent Company of dividends from subsidiaries.
2 The comparative years have been restated since Group contributions paid have been accounted for
as a financial expense due to a change of accounting principle. Refer to note 39 Accounting principles
for further information.
Other operating income
Other operating income 2011 mainly comprises dividend of MSEK 29.3
from the Group’s disposed joint venture Securitas Direct S.A. in Switzerland
and a capital gain from the sale of the shares in this company of MSEK 67.0.
The capital gain has been measured as the consideration received less the
book value of the shares. It consequently differs from the capital gain on
Group level, where the capital gain is measured as the consideration
received less the net assets in the consolidated balance sheet. Other operating
income further comprises trade mark fees from Securitas Direct AB
of MSEK 10.1 and other items MSEK 14.6.
Other operating income 2010 and 2009 consists in its entirety of trade
mark fees from Securitas Direct AB.
Women Men Total
2011 2010 2009 2011 2010 2009 2011 2010 2009
Board of Directors 3 3 3 4 5 6 7 8 9
President – – – 1 1 1 1 1 1
Other employees, Sweden 26 27 25 23 20 24 49 47 49
STAff COSTS
MSEK Salaries
Social
benefits
2011 2010 2009 Of which bonuses
(of which
pensions) Salaries
Social
benefits
(of which
pensions) Salaries
Social
benefits
(of which
pensions) 2011 2010 2009
Board of Directors
and President1 16.5 9.4 (3.4) 19.9 10.7 (3.2) 18.6 10.5 (3.2) 0.0 3.9 2.0
Other employees 46.4 29.5 (13.0) 59.1 29.5 (10.9) 61.6 30.6 (11.2) 0.2 9.3 6.7
Total 62.9 38.9 (16.4) 79.0 40.2 (14.1) 80.2 41.1 (14.4) 0.2 13.2 8.7
1 Refer to note 8 for further information regarding remuneration to the Board of Directors and President.
Securitas Annual Report 2011