Annual report 2012 - Peab

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Group 2011
MSEK
Buildings Machinery Construc-
and and tion in
land equipment progress Total
Opening acquisition value 2,572 5,744 351 8,667
Purchases 80 965 93 1,138
Purchases through acquired
companies 35 173 208
Sales/disposals –41 –356 –397
Sales through companies sold –7 –66 –73
Reclassifications
Translation differences for the
–310 17 –331 –624
year
Closing accumulated
2 –3 –1
acquisition value 2,331 6,540 47 8,918
Opening depreciation
Accumulated depreciation in
–471 –3,332 – –3,803
acquired companies –6 –68 –74
Sales/disposals 10 267 277
Sales through companies sold 17 17
Reclassifications –2 1 –1
Depreciation for the year
Translation differences for the
–75 –664 –739
year
Closing accumulated
1 1
depreciation –544 –3,778 – –4,322
Opening write-downs –10 –7 – –17
Reclassifications 5 5
Write-downs for the year 1) Closing accumulated
–4 –4
write-downs –5 –11 – –16
Closing book value 1,782 2,751 47 4,580
1) Annual write-downs are reported in the following lines of the income
statement:
2012 2011
Production costs 0 –4
Sales and administrative expenses –1 –
Total –1 –4
Parent Company
Machinery and
equipment
MSEK 2012 2011
Opening acquisition value 8 8
Closing accumulated acquisition value 8 8
Opening depreciation –6 –6
Depreciation for the year 0 0
Closing accumulated depreciation –6 –6
Closing book value 2 2
Group financial leasing
Companies in the Group lease vehicles, construction machinery and
other production equipment through many different financial leasing
agreements. The recorded value related to Group financial leasing
amounted to SEK 601 million (582). When the leasing agreements
terminate Peab normally has a liability to buy equipment at its residual
value. The leased assets are owned by the lessors.
64 PEAB ANNUAL REPORT 2012
Note 18 Participation in associated
companies
Group
MSEK 2012 2011
Acquisition value carried forward 88 208
Disposal of associated companies –83 –
Dividend for the year –5 –136
Profit from participation in associated companies 1 18
Translation differences for the year –1 –2
Book value carried forward – 88
Specifications of Group’s holdings in associated companies
2012 2011
Company Share Book value, Share Book value,
Registered office, Corp.Id.no
Catena AB
percent MSEK percent MSEK
Gothenburg, 556294-1715 – – 19.97 88
Total – 88
Consolidated values regarding the Group’s share of income and
costs, assets and liabilities from participation in joint ventures is specified
below.
MSEK 2012 2011
Income 6 25
Expenses –5 –7
Profit 1 18
Fixed assets – 137
Current assets – 21
Total assets – 158
Current liabilities – 7
Long-term liabilities – 63
Total liabilities – 70
Net assets/liabilities – 88
Associated company participation has been reported in Peab with a
quarterly delay since Catena is a listed company. Peab has divested
its holdings in Catena AB in 2012.
Parent company
MSEK 2012 2011
Acquisition value carried forward 133 263
Disposal of associated companies –133 –
Write-downs – –130
Book value carried forward – 133
Specification of parent company’s direct holding of shares in
associated companies
2012 2011
Company Share Book value, Share Book value,
Registered office, Corp.Id.no
Catena AB
percent MSEK percent MSEK
Gothenburg, 556294-1715 – – 19.97 133
Total – 133