true value for investors
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.

consolidated income statement

The notes in the section notes to the consolidated financial statements are an integral part of these consolidated financial statements.

in millions of € note   Randstad Annual Report 2008 2008 Randstad Annual Report 2008   Randstad Annual Report 2008 2007
 
 
 
 
 
Revenue 6 14,038.4
 
9,197.0
 
 
 
 
 
 
Cost of services 7 11,066.1
 
7,167.3
 


 
 
 
 
Gross profit 8   
2,972.3
 
2,029.7
 
 
 
 
 
Selling expenses 9 1,602.9
 
1,036.3
 
General and administrative expenses 10 1,404.1
 
453,8
 
 
 
 
 
 
Total operating expenses 11  
3,007.0
 
1,490.1
 
 
 
 
 
Operating (loss)/profit 12  
-34.7
 
539.6
 
 
 
 
 
Financial income  13 53.8
  
13.9
  
Financial expenses  13 -125.5
  
-16.0
  
 
 
 
 
 
Net finance costs 13  
-71.7
 
-2.1
 
 
 
 
 
Share of profit of associates 21  
3.8
 
2.0
 
 
 
 
 
Income before taxes 
  
-102.6
  
539.5
 
 
 
 
 
Taxes on income 14   
121.0
  
-154.6
                 
Net income 15     18.4      384.9
 
 
 
 
 


















Attributable to:
  
  
  
  
Ordinary equity holders of Randstad Holding nv
 
11.0
 
384.9
Preferred equity holders of Randstad Holding nv
 
7.2
 
-
Equity holders
 
18.2
 
384.9
 
 
 
 
 
Minority interests
 
0.2
 
0.0
Net income
 
18.4
 
384.9
      
  
  
  
 
 
 
 
 
 
 
 
 
 

Earnings per share attributable to the ordinary shareholders of Randstad Holding nv (expressed in € per ordinary share):


  
 
 
 
Basic earnings per ordinary share (€) 16  
0.07
 
3.31
Diluted earnings per ordinary share (€) 16  
0.07
 
3.30