annual report 2008

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 | consolidated financial statements | notes to the consolidated financial statements | 1. General Information

1. General Information

Randstad Holding nv is a public limited liability company incorporated and domiciled in the Netherlands and listed on the Euronext Amsterdam. The registered office of the company is in Amsterdam. The address of the company is:
Diemermere 25
1112 TC Diemen
The Netherlands

The consolidated financial statements of Randstad Holding nv include the company and its Group companies (together called the ‘Group’).
During the year 2008 Randstad Holding nv acquired all the remaining shares of Vedior N.V. (85%), after 15% had already been purchased during December 2007 following the announcement of a public offering for the shares of Vedior N.V. The Vedior group of companies is consolidated as of May 16, 2008. Considering the size of the Vedior group of companies, the 2008 consolidated figures are materialy impacted compared to 2007.

Activities
The main activity of the Group is temporary and contract staffing, including search and selection activities.

Date of authorization of issue
The financial statements were signed and authorized for issue by the executive board and supervisory board on February 25, 2009. The adoption of the financial statements and the adoption of the dividend are reserved for the shareholders in the Annual General Meeting of Shareholders (AGM) on March 31, 2009.

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notes

1.	general information
2.	summary of significant accounting policies
3.	consolidated cash flow statement
4.	critical accounting estimates and judgments
5.	capital and financial risk management
6.	revenue
7.	cost of services
8.	gross profit
9.	selling expenses
10.	general and administrative expenses
11.	total operating expenses
12.	operating profit
13.	net finance costs
14.	taxes on income
15.	net income
16.	earnings per ordinary share
17.	property, plant and equipment
18.	intangible assets
19.	deferred and current income taxes
20.	financial assets
21.	associates
22.	trade and other receivables
23.	cash and cash equivalents
24.	total assets
25.	shareholders’ equity and dividends per share
26.	preferred shares as a liability
27.	borrowings
28.	provisions
29.	other non-current liabilities
30.	trade and other payables
31.	total liabilities
32.	maturities of financial liabilities
33.	operating working capital
34.	net cash and borrowings
35.	commitments
36.	auditors’ fees
37.	notes to the consolidated cash flow statement
38.	wages and salaries, social security charges and pension charges
39.	employee numbers (average)
40.	share-based payments
41.	related-party transactions
42.	overview of major subsidiaries

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