Adecco Group –
Selected financial information
in millions, except share and per share information

For the fiscal years (in EUR)

2010

2009

2008

2007

2006

 

 

 

 

 

 

Statements of operations

 

 

 

 

 

Revenues

18,656

14,797

19,965

21,090

20,417

Amortisation of intangible assets

(55)

(42)

(44)

(27)

(12)

Impairment of goodwill and intangible assets

 

(192)

(116)

 

 

Operating income

667

65

748

1,054

816

Net income attributable to Adecco shareholders

423

8

495

735

611

 

As of (in EUR)

31.12.2010

31.12.2009

31.12.2008

31.12.2007

31.12.2006

 

 

 

 

 

 

Balance sheets

 

 

 

 

 

Cash and cash equivalents and short-term investments

554

1,460

581

563

888

Trade accounts receivable, net

3,541

2,560

3,046

3,773

3,846

Goodwill

3,273

2,657

2,666

2,646

1,882

Total assets

8,879

7,831

7,530

8,254

7,682

 

 

 

 

 

 

Short-term debt and current maturities of long-term debt

217

456

56

357

38

Accounts payable and accrued expenses

3,472

2,716

3,053

3,476

3,544

Long-term debt, less current maturities

1,088

1,114

1,142

1,072

1,406

Total liabilities

5,312

4,717

4,732

5,374

5,175

Total shareholders’ equity

3,567

3,114

2,798

2,880

2,507

 

For the fiscal years (in EUR)

2010

2009

2008

2007

2006

 

 

 

 

 

 

Cash flows from operations

 

 

 

 

 

Cash flows from operating activities

455

477

1,054

1,062

747

Cash flows from/(used in) investing activities

(1,020)

(278)

(210)

(941)

(308)

Cash flows from/(used in) financing activities

(385)

652

(800)

(424)

(13)

 

 

 

 

 

 

Other indicators

 

 

 

 

 

Capital expenditures

105

92

106

91

85

 

As of

31.12.2010

31.12.2009

31.12.2008

31.12.2007

31.12.2006

 

 

 

 

 

 

Other indicators

 

 

 

 

 

Net debt (in EUR) [1]

751

110

617

866

556

 

 

 

 

 

 

Additional statistics

 

 

 

 

 

Number of FTE employees at end of year (approximate)

32,000

28,000

34,000

37,000

35,000

[1]Net debt is a non-U.S. GAAP measure and comprises short-term and long-term debt, less cash and cash equivalents and short-term investments. For a reconciliation of net debt to the most comparable U.S. GAAP measure, refer to page 94.