Securitas Annual Report 2007

83 Parent Company statement of income
       
83 Parent Company statement of cash flow
       
84 Parent Company balance sheet
       
85 Parent Company changes in shareholders’ equity
       
86 Note 40 Accounting principles
  Note 41 Transactions with related parties
  Note 42 Financial risk management
87 Note 43 Operating expenses
  Note 44 Personnel
  Note 45 Other financial income and expense, net
  Note 46 Taxes
       
88 Note 47 Other intangible assets
  Note 48 Machinery and equipment
  Note 49 Shares in subsidiaries
       
89 Note 50 Shares in associated companies
  Note 51 Prepaid expenses and accrued income
  Note 52 Liquid funds
  Note 53 Changes in shareholders’ equity
  Note 54 Convertible debenture loans
  Note 55 Long-term liabilities
  Note 56 Accrued expenses and prepaid income
  Note 57 Pledged assets
  Note 58 Contingent liabilities
Statement of income        
MSEK Note 2007 2006 2005
Administrative contribution and other revenues 41 378.2 469.4 479.7
Gross income   378.2 469.4 479.7
         
Administrative expenses 43, 44 –290.9 –675.2 –469.6
Operating income/loss   87.3 –205.8 10.1
         
Result of financial investments        
Result of sale of shares in subsidiaries and associates 41 15.1 –46.4
Dividend 41 2,434.2 5,337.8 4,618.7
Interest income 41 1,207.9 1,154.2 1,196.7
Interest expenses 41 –2,160.2 –1,691.7 –1,567.8
Other financial income and expenses, net 45 –971.9 –1,726.2 –270.5
Total financial income and expenses   525.1 3,074.1 3,930.7
Income after financial items   612.4 2,868.3 3,940.8
         
Appropriations        
Allocation to tax allocation reserve   8.1
Difference between book depreciation and depreciation according to plan   0.1 7.7 1.6
Total appropriations   0.1 7.7 9.7
Income before taxes   612.5 2,876.0 3,950.5
         
Current taxes 46 –13.6 –27.7 –32.4
Deferred taxes 46 –10.5 28.8 96.8
Net income for the year   588.4 2,877.1 4,014.9
Statement of cash flow        
MSEK Note 2007 2006 2005
Operations        
Operating income/loss   87.3 –205.8 10.1
Reversal of depreciation   3.8 7.5 10.4
Financial items received   3,605.0 6,752.9 3,669.3
Financial items paid   –2,114.4 –1,943.6 –1,593.5
Current taxes paid   –11.2 –17.5 –11.4
Change in other operating capital employed   –500.8 1,347.7 –202.6
Cash flow from operations   1,069.7 5,941.2 1,882.3
         
Investing activities        
Investments in fixed assets   –24.0 3.7 –7.5
Shares in subsidiaries   –108.5 –7,241.6 –8,908.0
Cash flow from investing activities   –132.5 –7,237.9 –8,915.5
         
Financing activities        
Dividend paid   –1,131.7 –1,277.7 –1,095.2
Premature redemption of convertible debenture loans 30 –1,780.0
Redemption of bond loans   –3,240.1
Change in interest-bearing net debt, excluding liquid assets   2,568.5 4,869.2 9,508.0
Cash flow from financing activities   1,436.8 351.4 6,632.8
         
Cash flow for the year   2,374.0 –945.3 –400.4
Liquid funds at beginning of year   813.3 1,758.6 2,159.0
Liquid funds at year-end 52 3,187.3 813.3 1,758.6
83 Parent Company statement of income
       
83 Parent Company statement of cash flow
       
84 Parent Company balance sheet
       
85 Parent Company changes in shareholders’ equity
       
86 Note 40 Accounting principles
  Note 41 Transactions with related parties
  Note 42 Financial risk management
 
87 Note 43 Operating expenses
  Note 44 Personnel
  Note 45 Other financial income and expense, net
  Note 46 Taxes
       
88 Note 47 Other intangible assets
  Note 48 Machinery and equipment
  Note 49 Shares in subsidiaries
       
89 Note 50 Shares in associated companies
  Note 51 Prepaid expenses and accrued income
  Note 52 Liquid funds
  Note 53 Changes in shareholders’ equity
  Note 54 Convertible debenture loans
  Note 55 Long-term liabilities
  Note 56 Accrued expenses and prepaid income
  Note 57 Pledged assets
  Note 58 Contingent liabilities

Page 83

 

Statement of income        
MSEK Note 2007 2006 2005
Administrative contribution and other revenues 41 378.2 469.4 479.7
Gross income   378.2 469.4 479.7
         
Administrative expenses 43, 44 –290.9 –675.2 –469.6
Operating income/loss   87.3 –205.8 10.1
         
Result of financial investments        
Result of sale of shares in subsidiaries and associates 41 15.1 –46.4
Dividend 41 2,434.2 5,337.8 4,618.7
Interest income 41 1,207.9 1,154.2 1,196.7
Interest expenses 41 –2,160.2 –1,691.7 –1,567.8
Other financial income and expenses, net 45 –971.9 –1,726.2 –270.5
Total financial income and expenses   525.1 3,074.1 3,930.7
Income after financial items   612.4 2,868.3 3,940.8
         
Appropriations        
Allocation to tax allocation reserve   8.1
Difference between book depreciation and depreciation according to plan   0.1 7.7 1.6
Total appropriations   0.1 7.7 9.7
Income before taxes   612.5 2,876.0 3,950.5
         
Current taxes 46 –13.6 –27.7 –32.4
Deferred taxes 46 –10.5 28.8 96.8
Net income for the year   588.4 2,877.1 4,014.9
 

Statement of cash flow        
MSEK Note 2007 2006 2005
Operations        
Operating income/loss   87.3 –205.8 10.1
Reversal of depreciation   3.8 7.5 10.4
Financial items received   3,605.0 6,752.9 3,669.3
Financial items paid   –2,114.4 –1,943.6 –1,593.5
Current taxes paid   –11.2 –17.5 –11.4
Change in other operating capital employed   –500.8 1,347.7 –202.6
Cash flow from operations   1,069.7 5,941.2 1,882.3
         
Investing activities        
Investments in fixed assets   –24.0 3.7 –7.5
Shares in subsidiaries   –108.5 –7,241.6 –8,908.0
Cash flow from investing activities   –132.5 –7,237.9 –8,915.5
         
Financing activities        
Dividend paid   –1,131.7 –1,277.7 –1,095.2
Premature redemption of convertible debenture loans 30 –1,780.0
Redemption of bond loans   –3,240.1
Change in interest-bearing net debt, excluding liquid assets   2,568.5 4,869.2 9,508.0
Cash flow from financing activities   1,436.8 351.4 6,632.8
         
Cash flow for the year   2,374.0 –945.3 –400.4
Liquid funds at beginning of year   813.3 1,758.6 2,159.0
Liquid funds at year-end 52 3,187.3 813.3 1,758.6