Adecco Group –
Notes to consolidated financial statements (unaudited)
in millions, except share and per share information

Note 9 • Segment reporting

Since January 1, 2011, the Company is organised in a geographical structure plus the global business Lee Hecht Harrison (“LHH”), which corresponds to the primary segments. This structure is complemented by business lines. The classification of a specific branch into a business line is determined by the business line generating the largest revenue share in that specific branch.

The Company evaluates the performance of its segments based on operating income before amortisation of intangible assets, which is defined as the amount of income before amortisation of intangible assets, interest expense, other income/(expenses), net, and provision for income taxes. Corporate items consist of certain assets and expenses which are separately managed at the corporate level. Segment assets include current assets, property, equipment, and leasehold improvements, net, other assets, intangible assets, net, and goodwill. The accounting principles used for the segment reporting are those used by the Company.

in EUR

France [1]

North
  America [1]

UK &
  Ireland

  Japan [1]

 Germany &
Austria [1]

  Benelux [1]

  Italy [1]

  Other [1]

  Corporate

Total

 

 

 

 

 

 

 

 

 

 

 

Six months ended June 30, 2011

 

 

 

 

 

 

 

 

 

 

Revenues

3,004

1,826

817

682

738

469

520

2,025

 

10,081

Depreciation

(9)

(8)

(4)

(4)

(4)

(3)

(2)

(9)

(3)

(46)

Operating income before
amortisation of intangible assets

94

75

15

40

48

20

34

84

(39)

371

Amortisation of intangible assets

 

 

 

 

 

 

 

 

 

(27)

Operating income

 

 

 

 

 

 

 

 

 

344

Interest expense, and other income/(expenses), net

 

 

 

 

 

 

 

 

 

(43)

Provision for income taxes

 

 

 

 

 

 

 

 

 

(59)

Net income

 

 

 

 

 

 

 

 

 

242

 

 

 

 

 

 

 

 

 

 

 

Segment assets

1,792

2,013

722

258

1,854

322

219

1,492

242

8,914



 

 

 

 

 

 

 

 

 

 

in EUR

France [1]

North
  America [1]

UK &
  Ireland

  Japan [1]

 Germany &
Austria [1]

  Benelux [1]

  Italy [1]

  Other [1]

  Corporate

Total

 

 

 

 

 

 

 

 

 

 

 

Six months ended June 30, 2010

 

 

 

 

 

 

 

 

 

 

Revenues

2,531

1,594

772

619

549

409

381

1,753

 

8,608

Depreciation

(7)

(8)

(5)

(2)

(4)

(3)

(1)

(8)

(3)

(41)

Operating income before
amortisation of intangible assets

76

54

7

34

26

11

16

94

(37)

281

Amortisation of intangible assets

 

 

 

 

 

 

 

 

 

(27)

Operating income

 

 

 

 

 

 

 

 

 

254

Interest expense, and other income/(expenses), net

 

 

 

 

 

 

 

 

 

(30)

Provision for income taxes

 

 

 

 

 

 

 

 

 

(70)

Net income

 

 

 

 

 

 

 

 

 

154

 

 

 

 

 

 

 

 

 

 

 

Segment assets

1,581

2,395

701

263

1,794

318

176

1,349

255

8,832

 

[1]Since January 1, 2011, LHH is reported as a separate segment (included under Other). The 2010 information has been restated to conform to the current year presentation.