Review of 2010 – USD version - Skanska

Note
03 Continued
Operating cash flow and change in interest-bearing receivables, January-December 2009
USD M Before change IFRIC 12 IFRIC 15 Total change After change
Cash flow from business operations before change in working
capital 723.0 6.0 6.0 729.0
Change in working capital 199.7 –147.0 –147.0 52.7
Net investments in operations 6.3 166.1 166.1 172.4
Cash flow adjustments, net investments –2.0 0.0 –2.0
Net strategic investments –8.0 0.0 –8.0
Cash flow before taxes, financing operations and dividend 919.0 0.0 25.2 25.2 944.1
Taxes paid –128.8 0.0 –128.8
Net interest items and other financial items –45.3 –4.2 –4.2 –49.5
Dividend etc. –332.5 0.0 –332.5
Cash flow before changes in interest-bearing receivables
412.3 0.0 21.0 21.0 433.2
and net debt
Translation differences, interest-bearing net receivables/net debt 30.7 –26.0 –26.0 4.7
Change in pension liability 90.2 0.0 90.2
Reclassification, interest-bearing net receivables/net debt 29.7 0.0 29.7
Interest-bearing liabilities acquired/divested 0.0 0.0 0.0
Other changes, interest-bearing net receivables/net debt –15.5 0.0 –15.5
Change in interest-bearing net receivables 547.2 0.0 –5.0 –5.0 542.2
Change
Interest-bearing net receivables, January 1 1,195.1 –611.7 –611.7 583.4
Change in interest-bearing net receivables 547.2 –5.0 –5.0 542.2
Interest-bearing net receivables, December 31 1,742.3 0.0 –616.7 –616.7 1,125.6
Group net investments, January-December 2009
Change
USD M Before change IFRIC 12 IFRIC 15 Total change After change
Investments
Current-asset properties –868.8 –104.9 –104.9 –973.7
of which Residential Development –334.8 –71.9 –71.9 –406.7
of which Commercial Property Development –534.0 –32.9 –32.9 –567.0
Other investments –257.3 0.0 –257.3
Investments –1,126.1 0.0 –104.9 –104.9 –1,231.0
Divestments
Current-asset properties 1,053.8 271.0 271.0 1,324.8
of which Residential Development 508.4 265.3 265.3 773.7
of which Commercial Property Development 545.4 5.7 5.7 551.2
Other divestments 70.6 0.0 70.6
Divestments 1,124.4 0.0 271.0 271.0 1,395.4
Net investments –1.7 0.0 166.1 166.1 164.4
Skanska Review of 2010 – USD version Notes, including accounting and valuation principles 103