Review of 2010 – USD version - Skanska

Note
03 Continued
Statement of financial position, December 31, 2009
Change
USD M Before change IFRIC 12 IFRIC 15 Total change After change
ASSETS
Non-current assets
Property, plant and equipment 876.9 0.0 876.9
Goodwill 607.0 0.0 607.0
Other intangible assets 114.8 –85.8 –85.8 28.9
Investments in joint ventures and associated companies 213.8 139.7 139.7 353.5
Financial non-current assets 145.0 0.0 145.0
Deferred tax assets 232.1 –13.6 –2.1 –15.7 216.3
Total non-current assets 2,189.5 40.2 –2.1 38.1 2,227.6
Current assets
Current-asset properties
Commercial Property Development 1,575.5 211.0 211.0 1,786.6
Residential Development 1,013.5 395.6 395.6 1,409.1
Inventories 116.2 0.0 116.2
Financial current assets 1,039.7 –261.5 –261.5 778.2
Tax assets 74.2 0.0 74.2
Gross amount due from customers for contract work 718.6 –76.2 –76.2 642.3
Trade and other receivables 3,289.6 20.7 20.7 3,310.4
Cash 1,309.0 0.0 1,309.0
Total current assets 9,136.3 0.0 289.6 289.6 9,425.8
TOTAL ASSETS 11,325.8 40.2 287.5 327.7 11,653.4
EQUITY
Equity attributable to equity holders 2,822.3 40.0 –80.3 –40.3 2,782.0
Non-controlling interests 23.7 0.0 23.7
TOTAL EQUITY 2,846.0 40.0 –80.3 –40.3 2,805.7
LIABILITIES
Non-current liabilities
Financial non-current liabilities 266.1 0.0 266.1
Pensions 308.6 0.0 308.6
Deferred tax liabilities 232.7 0.1 –19.4 –19.3 213.5
Non-current provisions 7.4 0.0 7.4
Total non-current liabilities 814.8 0.1 –19.4 –19.3 795.6
Current liabilities
Financial current liabilities 160.4 355.2 355.2 515.6
Tax liabilities 148.0 0.0 148.0
Current provisions 697.3 0.0 697.3
Gross amount due to customers for contract work 2,300.4 50.6 50.6 2,351.0
Trade and other payables 4,358.9 0.1 –18.7 –18.6 4,340.3
Total current liabilities 7,665.0 0.1 387.1 387.3 8,052.2
TOTAL EQUITY AND LIABILITIES 11,325.8 40.2 287.5 327.7 11,653.5
Key ratios, January-December 2009 and on December 31, 2009
USD M unless otherwise stated
Before
change
Change
IFRIC 12
IFRIC 15
After
change
Earnings per share after repurchases
and conversion, USD 1.14 0.19 1.33
Earnings per share after repurchases,
conversion and dilution, USD 1.14 0.19 1.32
Return on capital employed, % 20.9 1.1 22.0
Return on equity, % 18.6 3.7 22.3
Capital employed, closing balance 3,559.1 314.9 3,874.0
Capital employed, average 3,439.0 291.0 3,730.0
Equity/assets ratio, % 25.1 –1.0 24.1
Interest-bearing net receivables 1,742.3 –616.7 1,125.6
Net debt/equity ratio –0.6 0.2 –0.4
102 Notes, including accounting and valuation principles Skanska Review of 2010 – USD version