true value for candidates
true value for candidates
If there is an industry that is truly a people business, it must be HR services. Enabling people to make the most of their abilities and help them find their way in the world of work is what our consultants do every day.

15. Net income

Net income includes:
  • foreign exchange gains of € 14.3 million (2007: losses € 0.8 million);
  • a book profit on the sale of subsidiaries in the amount of € 3.8 million; in 2007 a negative contribution of € 4 million to operating profit of the activities disposed of during 2007.

15.1 Net income, EBITA and EBITDA


(amounts in millions of €, unless otherwise indicated)

  2008  2007
       
Net income 18.4   384.9
Taxes on income -121.0   154.6
Share of profit of associates -3.8   -2.0
Net finance costs 71.7   2.1
       
Operating (loss)/profit -34.7   539.6
       
Amortization acquisition-related intangible assets 107.2   14.8
Impairment acquisition-related intangible assets and goodwill 571.5   -
       
Operating profit before amortization and impairment acquisition-related intangible assets and impairment goodwill (EBITA)  644.0    554.4 
Depreciation 63.6   39.0
Amortization and impairment software 36.4   12.2
       
Operating profit before depreciation, amortization and impairments (EBITDA)  744.0    605.6  


EBITA by geographical area:

   2008  2007
       
Netherlands 282.5   294.7
France 134.8   34.3
Germany 103.6   124.2
Belgium/Luxembourg 73.9   66.9
Iberia 22.6   24.7
United Kingdom 13.4   -2.9
Other European countries 19.0   21.7
North America 43.6   24.6
Rest of the world 5.4   -3.6
Corporate -54.8   -30.2
       
  644.0   554.4