SECURITAS AB Annual Report 2011

Securitas’ financial model – consolidated statement of income
Supplementary information
MSEK 2011 2010 2009
Sales 58 995.6 59 097.5 61 216.7
Sales, acquired business 5 061.5 2 242.3 1 450.0
Total sales 64 057.1 61 339.8 62 666.7
Organic sales growth, % 3 1 -1
Production expenses -52 977.4 -50 076.0 -50 983.9
Gross income 11 079.7 11 263.8 11 682.8
Gross margin, % 17.3 18.4 18.6
Expenses for branch offices -3 621.2 -3 656.3 -3 822.2
Other selling and administrative expenses -4 145.7 -3 895.0 -4 111.3
Total expenses -7 766.9 -7 551.3 -7 933.5
Other operating income 74.3 12.7 11.3
Share in income of associated companies -2.4 -1.0 -4.1
Operating income before amortization 3 384.7 3 724.2 3 756.5
Operating margin, % 5.3 6.1 6.0
Amortization of acquisition related intangible assets -218.2 -164.3 -138.3
Acquisition related costs -193.5 -89.6 -5.9
Operating income after amortization 2 973.0 3 470.3 3 612.3
financial income and expenses -493.0 -502.3 -589.8
Income before taxes 2 480.0 2 968.0 3 022.5
Net margin, % 3.9 4.8 4.8
Taxes -741.4 -887.2 -904.5
Net income for the year 1 738.6 2 080.8 2 118.0
n n n Operating items. n n n Net debt-related items. n n n Goodwill, taxes and non-operating items. n n n Items related to shareholders’ equity.
Securitas’ financial model is described on pages 54–55.
Annual Report
Consolidated financial statements
Securitas Annual Report 2011
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