|
| 30.06.2011 | 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 | 362 | 217 | |
Total current liabilities |
| 3,843 | 3,689 |
|
|
|
|
Long-term debt, less current maturities | 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 | 2,454 | 2,602 | |
• Treasury shares, at cost | (666) | (532) | |
• Retained earnings |
| 1,802 | 1,561 |
• Accumulated other comprehensive income/(loss), net | (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.