Annual report 2012 - Peab

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FINANCIAL REPORTS CASH FLOW STATEMENT FOR THE PARENT COMPANY MSEK Note 2012 2011 Current operations 44 Pre-tax profit –227 1,573 Adjustments for non-cash items 73 –1,638 Income tax paid –122 –8 Cash flow from current operations before working capital changes –276 –73 Cash flow from changes in working capital Increase (–) /Decrease (+) current receivables –8 –10 Increase (+) /Decrease (–) current liabilities 40 –5 Cash flow from changes in working capital 32 –15 Cash flow from current operations –244 –88 Investment operations Acquisition of financial assets –679 – Sale of financial assets 1,583 1,596 Cash flow from investment operations 904 1,596 Cash flow before financing 660 1,508 Financing operations Repurchase of own shares – –16 Withdrawal of own shares – 300 Repayment of convertible promissory notes -598 – Change of loans 558 –1,047 Dividend distributed –619 –746 Cash flow from financing operations –659 –1,509 Cash flow for the year 1 –1 Cash at the beginning of the year 2 3 Cash at year-end 3 2 44 PEAB ANNUAL REPORT 2012
CONTENTS NOTES Note 1 Accounting principles 46 Note 2 Important estimates and assessments 53 Note 3 Income distributed by type 53 Note 4 Operating segment 54 Note 5 Business combinations 55 Note 6 Other operating income 56 Note 7 Other operating costs 56 Note 8 Government grants 56 Note 9 Employees, personnel costs and remuneration to senior officers 56 Note 10 Fees and cost remunerations to auditors 58 Note 11 Operating costs divided by type 58 Note 12 Net financial income/expense 59 Note 13 Appropriations 59 Note 14 Taxes 59 Note 15 Earnings per share 61 Note 16 Intangible fixed assets 62 Note 17 Tangible fixed assets 63 Note 18 Participation in associated companies 64 Note 19 Participation in joint ventures 65 Note 20 Receivables from Group companies 66 Note 21 Interest-bearing receivables 66 Note 22 Other long-term securities holdings 66 Note 23 Other receivables 66 Note 24 Project and development properties 66 Note 25 Inventories 66 Note 26 Work-in-progress 66 Note 27 Accounts receivable 66 Note 28 Construction contracts 67 Note 29 Prepaid expenses and accrued income 67 Note 30 Equity 67 Note 31 Interest-bearing liabilities 68 Note 32 Pensions 69 Note 33 Provisions 69 Note 34 Other liabilities 70 Note 35 Accrued expenses and deferred income 70 Note 36 Valuation of financial assets and liabilities at fair value 71 Note 37 Financial risks and financial policy 73 Note 38 Operational lease contracts 76 Note 39 Investment obligations 76 Note 40 Pledged assets, contingent liabilities and contingent assets 76 Note 41 Related parties 77 Note 42 Group companies 78 Note 43 Untaxed reserves 81 Note 44 Cash flow statement 81 Note 45 Events after the balance sheet day 82 Note 46 Information on parent company 82 PEAB ANNUAL REPORT 2012 45 NOTES
Page 1 and 2: Annual report 2012
Page 3 and 4: A Nordic Community Builder Peab is
Page 5 and 6: Stable volumes but lower profits Or
Page 7 and 8: LASTING While we have to be sensiti
Page 9 and 10: Nordic construction and civil engin
Page 11 and 12: ise again in 2013. Even the policy
Page 13 and 14: A business concept that builds on l
Page 15 and 16: Financial and operative goals The s
Page 17 and 18: Board of Directors’ Report NET SA
Page 19 and 20: completion method. Unrealized inter
Page 21 and 22: A year of challenges NET SALES AND
Page 23 and 24: ate jobs there. Two examples of pro
Page 25 and 26: MARKET SEGMENTS Local market: Does
Page 27 and 28: BUSINESS AREA INDUSTRY Business are
Page 29 and 30: The past few years’ strong housin
Page 31 and 32: An active first year NET SALES AND
Page 33 and 34: Sustainability Peab’s vision of b
Page 35 and 36: Profit-sharing Peab has always ende
Page 37 and 38: Participation, security and confide
Page 39 and 40: The AGM 2007 resolved to issue and
Page 41 and 42: Income statement for the Group INCO
Page 43 and 44: MSEK Share capital REPORT ON CHANGE
Page 45 and 46: INCOME STATEMENT AND REPORT ON COMP
Page 47: MSEK REPORT ON CHANGES IN THE PAREN
Page 51 and 52: trolling interest is involved, pote
Page 53 and 54: Financial instruments On the assets
Page 55 and 56: where the results of research or ot
Page 57 and 58: Taxes Untaxed reserves including de
Page 59 and 60: Group 2011 MSEK Construction Civil
Page 61 and 62: Salaries and other payments divided
Page 63 and 64: Note 12 Net financial income/expens
Page 65 and 66: Deferred Deferred Changes recognize
Page 67 and 68: Goodwill impairment testing in cash
Page 69 and 70: Note 19 Participation in joint vent
Page 71 and 72: Note 28 Construction contracts Reco
Page 73 and 74: Note 32 Pensions Defined benefit pe
Page 75 and 76: Note 36 Valuation of financial asse
Page 77 and 78: Note 37 Financial risks and financi
Page 79 and 80: Exposure of net assets in foreign c
Page 81 and 82: Note 41 Related parties Related par
Page 83 and 84: Company Corp.ID.nr Registered offic
Page 85 and 86: Note 43 Untaxed reserves Parent com
Page 87 and 88: The Annual Report has been prepared
Page 89 and 90: A Nordic Community Builder: Sweden
Page 91 and 92: Auditors Information Election Share
Page 93 and 94: Control Policy. This policy establi
Page 95 and 96: Executive management Jesper Görans
Page 97 and 98: List of shareholders on 28 February
Page 99 and 100:
Financial definitions Capital emplo
Page 101 and 102:
Financial information Follow Peab q
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Annual report 2012 - Peab

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