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.

33. Operating working capital

(amounts in millions of €, unless otherwise indicated)

  2008  2007
       
Working capital 1,354.5   639.6
       
Adjusted for:      
- cash and cash equivalents -831.0   -384.1
- current income tax receivables -67.7   -20.1
- current income tax liabilities 41.6   57.5
- dividend on type-B preferred shares -   7.2
- current borrowings 70.1   68.3
- current provisions 104.5   41.1
       
Operating working capital 672.0   409.5

Operating working capital by geographical area:

  2008  2007
       
Netherlands 239.9   103.3
France 134.6   47.2
Germany 136.9   11.7
Belgium/Luxembourg 37.1   46.9
Iberia 140.2   65.0
United Kingdom 92.6   22.8
Other European countries 33.6   16.0
North America 128.4   82.1
Rest of the world 54.8   -3.0
Corporate -326.1   17.5
       
  672.0   409.5