Half Year Report 2011
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 |
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|
|
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Revenues | 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 | 344 | 254 | |
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|
|
Interest expense |
| (32) | (31) |
Other income/(expenses), net | (11) | 1 | |
Income before income taxes |
| 301 | 224 |
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|
|
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Provision for income taxes | (59) | (70) | |
Net income |
| 242 | 154 |
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|
|
|
Net income attributable to noncontrolling interests |
| (1) |
|
Net income attributable to Adecco shareholders |
| 241 | 154 |
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|
|
|
Basic earnings per share | 1.26 | 0.80 | |
Basic weighted-average shares | 191,864,453 | 191,971,225 | |
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Diluted earnings per share | 1.26 | 0.79 | |
Diluted weighted-average shares | 191,989,599 | 197,344,706 |
The accompanying notes are an integral part of these consolidated financial statements.