Adecco Group –
Consolidated balance sheets
in millions, except share and per share information


As of (in EUR)


Note

30.06.2011
(unaudited)

31.12.2010

 

 

 

 

Assets

 

 

 

Current assets:

 

 

 

• Cash and cash equivalents

 

383

549

• Short-term investments

 

3

5

• Trade accounts receivable, net

 

3,842

3,541

• Other current assets

 

379

351

Total current assets

 

4,607

4,446

 

 

 

 

Property, equipment, and leasehold improvements, net

 

288

291

Other assets

 

299

291

Intangible assets, net

 

538

578

Goodwill

 

3,182

3,273

 

 

 

 

Total assets

 

8,914

8,879

 

 

 

 

Liabilities and shareholders’ equity

 

 

 

Liabilities

 

 

 

Current liabilities:

 

 

 

• Accounts payable and accrued expenses

 

3,481

3,472

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

2

362

217

Total current liabilities

 

3,843

3,689

 

 

 

 

Long-term debt, less current maturities

2

1,209

1,088

Other liabilities

 

503

535

 

 

 

 

Total liabilities

 

5,555

5,312

 

 

 

 

Shareholders’ equity

 

 

 

Adecco shareholders’ equity:

 

 

 

• Common shares

 

118

118

• Additional paid-in capital

3

2,454

2,602

• Treasury shares, at cost

3

(666)

(532)

• Retained earnings

 

1,802

1,561

• Accumulated other comprehensive income/(loss), net

3

(352)

(184)

Total Adecco shareholders’ equity

 

3,356

3,565

Noncontrolling interests

 

3

2

Total shareholders’ equity

 

3,359

3,567

 

 

 

 

Total liabilities and shareholders’ equity

 

8,914

8,879

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