Adecco Group –
Consolidated statements of operations (unaudited)
in millions, except share and per share information

For the six months ended June 30 (in EUR)

Note

2011

2010

 

 

 

 

Revenues

9

10,081

8,608

Direct costs of services

 

(8,351)

(7,071)

Gross profit

 

1,730

1,537

 

 

 

 

Selling, general, and administrative expenses

 

(1,359)

(1,256)

Amortisation of intangible assets

 

(27)

(27)

Operating income

9

344

254

 

 

 

 

Interest expense

 

(32)

(31)

Other income/(expenses), net

2

(11)

1

Income before income taxes

 

301

224

 

 

 

 

Provision for income taxes

7

(59)

(70)

Net income

 

242

154

 

 

 

 

Net income attributable to noncontrolling interests

 

(1)

 

Net income attributable to Adecco shareholders

 

241

154

 

 

 

 

Basic earnings per share

8

1.26

0.80

Basic weighted-average shares

8

191,864,453

191,971,225

 

 

 

 

Diluted earnings per share

8

1.26

0.79

Diluted weighted-average shares

8

191,989,599

197,344,706

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