Annual Report 2010

Adecco Group –
Consolidated statements of changes in shareholders’ equity
in millions, except share and per share information



In EUR


Common
shares

Additional
paid-in
capital

Treasury
shares,
at cost


Retained
earnings

Accumulated
other com-
prehensive
income/
(loss), net

Non-
controlling
interests

Total
share-
holders’
equity

 

 

 

 

 

 

 

 

January 1, 2008

118

2,121

(279)

1,064

(151)

7

2,880

 

 

 

 

 

 

 

 

Comprehensive income:

 

 

 

 

 

 

 

Net income

 

 

 

495

 

4

499

Other comprehensive income/(loss):

 

 

 

 

 

 

 

• Currency translation adjustment, net of tax

 

 

 

 

(132)

 

(132)

• Pension related adjustments, net of tax

 

 

 

 

(18)

 

(18)

Total comprehensive income

 

 

 

 

 

 

349

Tax impact of treasury shares valuation in Adecco S.A.

 

22

 

 

 

 

22

Treasury shares transactions

 

 

(279)

 

 

 

(279)

Transactions with derivatives on Adecco S.A. shares

 

(2)

 

 

 

 

(2)

Impact of adoption of SFAS No. 158 measurement date
provisions, net of tax

 

 

 

(1)

 

 

(1)

Cash dividends, CHF 1.50 per share

 

 

 

(163)

 

 

(163)

Cash dividends

 

 

 

 

 

(2)

(2)

Acquisition of noncontrolling interests

 

 

 

 

 

(4)

(4)

Other

 

(1)

 

(1)

 

 

(2)

December 31, 2008

118

2,140

(558)

1,394

(301)

5

2,798

 

 

 

 

 

 

 

 

Comprehensive income:

 

 

 

 

 

 

 

Net income

 

 

 

8

 

 

8

Other comprehensive income/(loss):

 

 

 

 

 

 

 

• Currency translation adjustment, net of tax

 

 

 

 

30

 

30

Total comprehensive income

 

 

 

 

 

 

38

Tax impact of treasury shares valuation in Adecco S.A.

 

(22)

 

 

 

 

(22)

Prepaid forward sale of Adecco S.A. shares

 

587

 

 

 

 

587

Purchase of call spread option on Adecco S.A. shares

 

(108)

 

 

 

 

(108)

Stock-based compensation

 

1

 

 

 

 

1

Treasury shares transactions

 

 

(3)

 

 

 

(3)

Cash dividends, CHF 1.50 per share

 

 

 

(173)

 

 

(173)

Acquisition of noncontrolling interests

 

 

 

 

 

(3)

(3)

Other

 

(1)

 

 

 

 

(1)

December 31, 2009

118

2,597

(561)

1,229

(271)

2

3,114

 

 

 

 

 

 

 

 

Comprehensive income:

 

 

 

 

 

 

 

Net income

 

 

 

423

 

1

424

Other comprehensive income/(loss):

 

 

 

 

 

 

 

• Currency translation adjustment, net of tax of EUR 6

 

 

 

 

94

 

94

• Pension related adjustments, net of tax

 

 

 

 

(6)

 

(6)

• Change in fair value of cash flow hedges, net of tax

 

 

 

 

(1)

 

(1)

Total comprehensive income

 

 

 

 

 

 

511

Stock-based compensation

 

5

 

 

 

 

5

Treasury shares transactions

 

 

28

 

 

 

28

Cash dividends, CHF 0.75 per share

 

 

 

(91)

 

 

(91)

Acquisition of noncontrolling interests

 

 

 

 

 

(1)

(1)

Other

 

 

1

 

 

 

1

December 31, 2010

118

2,602

(532)

1,561

(184)

2

3,567

The accompanying notes are an integral part of these consolidated financial statements.