Annual Report 2011

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 compre-
hensive income/
(loss), net

Non-
controlling
interests

Total
share-
holders'
equity

January 1, 2009

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

 

Comprehensive income:

Net income

519

1

520

Other comprehensive income/(loss):

• Currency translation adjustment, net of tax

56

56

• Pension-related adjustments, net of tax of EUR 6

(17)

(17)

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

2

2

Total comprehensive income

561

Stock-based compensation

12

12

Vesting of RSU awards

(4)

4

Treasury shares transactions

(178)

(178)

Cash dividends, CHF 1.10 per share

(149)

(149)

Other

(2)

(2)

December 31, 2011

118

2,459

(706)

2,080

(143)

3

3,811

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