annual report 2008

true value for society

One of the principles on which Randstad was founded is the belief that work is a unifying force in society. Almost fifty years later, we continue to add true value to society through our strong commitment to employability for all people.

annual report 2008 | consolidated financial statements | notes to the consolidated financial statements | 35. Commitments

35. Commitments

(amounts in millions of €, unless otherwise indicated)


	2008	2007

Commitments, less than 1 year	216	150
Commitments, more than 1 year, less than 5 years	350	240
Commitments, more than 5 years	109	60

	675	450

Commitments comprise, almost exclusively, lease contracts for branches and lease contracts for IT equipment and automobiles.

No guarantees have been issued other than those in relation to commitments from rent and leases, and those in relation to liabilities that are included in the balance sheet.

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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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