true value for employees
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.

18.1 Intangible assets

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(amounts in millions of €, unless otherwise indicated)

  2008  2007
       
Software 60.3   35.3
Goodwill and acquisition-related intangible assets 3,254.9   398.0
       
  3,315.2   433.3

Intangible assets by geographical area:

   2008  2007
       
Netherlands 953.7   124.4
France 682.3   0.7
Germany 268.8   209.8
Belgium/Luxembourg 199.5   15.8
Iberia 127.2   1.0
United Kingdom 438.5   23.1
Other European countries 144.7   42.4
North America 323.5   1.7
Rest of the world 177.0   14.4
       
  3,315.2   433.3

18.1 Software


Changes in software are:

    Developed software  Other software  Total 
             
Cost   43.9   59.8   103.7
Accumulated amortization   19.6   50.6   70.2
             
Book value at January 1, 2007   24.3   9.2   33.5
             
Book value at January 1, 2007   24.3   9.2   33.5
Acquisition of subsidiaries   -   0.2   0.2
Additions             6.2   7.7   13.9
Disposals   0.0   0.0   0.0
Amortization   -5.5   -6.7   -12.2
Translation differences   -0.1   -   -0.1
             
Book value at December 31, 2007   24.9   10.4   35.3
             
Cost   49.8   64.9   114.7
Accumulated amortization   24.9   54.5   79.4
             
Book value at December 31, 2007   24.9   10.4   35.3
             
Book value at January 1, 2008   24.9   10.4   35.3
Acquisition of subsidiaries   -   29.0   29.0
Disposal of subsidiaries   -   -0.1   -0.1
Additions   16.7   17.0   33.7
Disposals   0.0   0.0   0.0
Amortization   -8.0   -14.8   -22.8
Impairment software   -13.6   -   -13.6
Translation differences   -0.2   -1.0   -1.2
             
Book value at December 31, 2008   19.8   40.5   60.3
             
Cost   65.8   146.8   212.6
Accumulated amortization   46.0   106.3   152.3
             
Book value at December 31, 2008   19.8   40.5   60.3


Additions software by geographical area:

   2008  2007
       
Netherlands 11.5   6.6
France 4.8   0.1
Germany 3.9   3.3
Belgium/Luxembourg 7.5   1.6
Iberia 1.2   0.7
United Kingdom 0.8   0.3
Other European countries 0.7   0.5
North America 1.8   0.6
Rest of the world 1.5   0.2
       
  33.7   13.9


Additions software by business segment:

   2008  2007
       
Staffing 26.2   10.7
Inhouse services 0.0   0.1
Professionals 2.7   1.4
Facilities 4.8   1.7
       
  33.7   13.9

18.2 Goodwill and acquisition-related intangible assets


Changes in goodwill and acquisition-related intangible assets are:

  Goodwill  
Acquisition-related intangible assets
  Total
       Customer relationships  Brand names and flexworker databases   
               
Cost 213.4   85.7   7.6   306.7
Accumulated amortization -   11.8   4.2   16.0
               
Book value at January 1, 2007 213.4   73.9   3.4   290.7
               
Book value at January 1, 2007 213.4   73.9   3.4   290.7
Acquisition of subsidiaries 82.8   33.5   1.6   117.9
Goodwill from prior associatesAdjustments to goodwill 1.73.9   --   --   1.73.9
Amortization -   -13.1   -1.7   -14.8
Translation differences -1.1   -0.1   -0.2   -1.4
               
Book value at December 31, 2007 300.7   94.2   3.1   398.0
               
Cost 300.7   119.2   9.0   428.9
Accumulated amortization -   25.0   5.9   30.9
               
Book value at December 31, 2007 300.7   94.2   3.1   398.0
               
Book value at January 1, 2008 300.7   94.2   3.1   398.0
Acquisition of subsidiaries 2,588.1   897.7   88.0   3,573.8
Adjustments to goodwill -0.7   -   -   -0.7
Amortization -   -88.2   -19.0   -107.2
Impairment -555.8   -15.7   -   -571.5
Translation differences -6.5   -22.0   -9.0   -37.5
               
Book value at December 31, 2008 2,325.8   866.0   63.1   3,254.9
               
Cost 2,325.8   993.4   87.7   3,406.9
Accumulated amortization -   127.4   24.6   152.0
               
Book value at December 31, 2008 2,325.8   866.0   63.1   3,254.9