true value for investors

The Randstad share reflects true value for investors. This may sound odd, given that Total Shareholder Return amounted to minus 42% in 2008 and that no dividend will be paid for 2008. However, long-term prospects are positive.

annual report 2008 | company financial statements | notes to the company financial statements | 9. Trade and other payables

9. Trade and other payables

(amounts in millions of €, unless otherwise indicated)


	2008	2007

Trade payables	1.1	0.5
Payables to subsidiaries	481.4	1.7
Other taxes and social security premiums	3.5	1.1
Pension contributions	0.1	-
Dividend on type-B preferred shares	-	7.2
Wages, salaries and other personnel costs	5.6	4.6
Accruals and deferred income	8.9	7.5

	500.6	22.6

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