true value for employees

As Randstad believes that the true value of a company is derived from its people, we naturally take great care in the engagement and development of our own workforce.

annual report 2008 | company financial statements | notes to the company financial statements | 6. Shareholders’ equity

6. Shareholders’ equity

Additional information in respect of shareholders’ equity is included in the consolidated statement of changes in Group equity and in note 25 of the notes to the consolidated balance sheet.
Equity includes an amount of € 94.8 million negative in respect of a legal reserve for currency translations (2007: € 37.5 million negative) and includes further a legal reserve of € 19.8 million (2007: € 24.9 million) for the capitalized costs of development of software of subsidiaries. As of December 31, 2007, it included as well a legal reserve of € 2.0 million for the share in profit of associates.

notes

1.	accounting policies for the company financial statements
2.	subsidiaries
3.	associates
4.	trade and other receivables
5.	cash and cash equivalents
6.	shareholders’ equity
7.	preferred shares
8.	borrowings
9.	trade and other payables
10.	employee numbers (average)
11.	remuneration
12.	related parties
13.	guarantees and commitments not included in the balance sheet