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Adecco S.A. (Holding Company) –
Statements of operations
in millions, except share and per share information and compensation table data

For the fiscal years ended December 31 (in CHF)

 

2010

2009

 

 

 

 

Operating income

 

 

 

Royalties and license fees

 

430

409

Dividends from subsidiaries

 

23

47

Gain on sale of investments

 

 

73

Release of provision on loans and investments, net

 

37

 

Interest income from subsidiaries

 

88

45

Interest income from third parties

 

15

15

Financial income

 

58

304

Other income

 

14

124

Total operating income

 

665

1,017

 

 

 

 

Operating expenses

 

 

 

Interest expense to subsidiaries

 

(264)

(168)

Interest expense to related parties

 

(3)

(1)

Interest expense to third parties

 

(2)

(2)

Provisions on loans and investments, net

 

 

(90)

Taxes

 

(10)

(52)

Financial expense

 

(164)

(30)

Other expenses (including depreciation of CHF 3 in 2010 and in 2009)

 

(118)

(103)

Merger loss and loss on sale of investments

 

(38)

 

Total operating expenses

 

(599)

(446)

 

 

 

 

Net income

 

66

571

Certain reclassifications have been made to prior year income and expenses to conform to the current year presentation.