Review of 2010 – USD version - Skanska

Note
04 Continued
Construction
Residential
Development
Commercial
Property
Development
Infrastructure
Development
Total
operating
segments
Central and
eliminations
Total
segments
Reconciliation
with
IFRS
2010
External revenue 15,111.4 1,035.2 644.8 44.3 16,835.7 43.1 16,878.9 77.8 16,956.7
Intra-Group revenue 595.2 16.5 0.0 0.0 611.7 –611.7 0.0 0.0 0.0
Total revenue 15,706.6 1,051.7 644.8 44.3 17,447.4 –568.5 16,878.9 77.8 16,956.7
Cost of sales –14,300.2 –899.8 –467.7 –58.3 –15,726.0 550.2 –15,175.8 –53.7 –15,229.5
Gross income 1,406.4 151.9 177.2 –14.0 1,721.4 –18.3 1,703.1 24.1 1,727.2
Selling and administrative expenses –799.7 –81.7 –49.3 –19.1 –949.8 –95.3 –1,045.1 0.0 –1,045.1
Income from joint ventures and
associated companies 2.1 7.4 –0.3 74.4 83.5 –0.8 82.7 –7.6 75.1
Operating income 608.8 77.6 127.6 41.2 855.2 –114.5 740.7 16.5 757.2
Of which depreciation/
amortization –177.9 –0.6 –0.3 –0.8 –179.5 –1.0 –180.5
Of which impairment losses/
reversals of impairment losses
Goodwill –15.0 –15.0 –15.0
Other assets –2.6 –4.9 2.5 –5.0 –14.7 –19.7
Of which gains from
divestment of homes 1.9 157.0 159.0 –0.1 158.9
Of which gains from commercial
property divestments 109.7 109.7 11.1 120.8
Of which gains from infrastructure
project divestments 26.6 26.6
Of which operating net
from completed properties 54.4 54.4 54.4
26.6
Total
IFRS
Assets, of which
Property, plant and equipment 852.3 7.8 1.3 2.8 864.2 4.0 868.1
Intangible assets 529.8 68.6 27.3 625.8 2.1 627.8
Investments in joint ventures and
associated companies 29.7 47.0 0.4 183.7 260.9 260.9
Current-asset properties 25.6 1,488.3 1,486.6 3,000.4 –0.9 2,999.6
Assets held for sale 162.9 162.9 162.9
Capital employed –235.5 1,497.6 1,412.3 394.1 3,068.5 712.6 3,781.1
Investments –187.4 –771.6 –436.6 –96.0 –1,491.7 0.4 –1,491.3
Divestments 37.7 732.7 911.6 55.9 1,737.9 10.5 1,748.5
Net investments –149.7 –39.0 475.0 –40.1 246.3 11.0 257.2
Reconciliation from segment reporting to IFRSs
Revenue according to segment
reporting – binding agreement 15,706.6 1,051.7 644.8 44.3 17,447.4 –568.5 16,878.9
Plus properties sold before the period 438.4 385.8 824.2 824.2
Less properties not yet occupied by
the buyer on closing day –696.2 –12.9 –709.1 –709.1
Currency rate differences –29.1 –8.2 –37.3 –37.3
Revenue according to
IFRIC 15 – handover 15,706.6 764.8 1,009.6 44.3 17,525.2 –568.5 16,956.7
Operating income according to segment
reporting - binding agreement 608.8 77.6 127.6 41.2 855.2 –114.5 740.7
Plus properties sold before the period 67.8 55.6 123.5 2.4 125.8
Less properties not yet occupied by
the buyer on closing day –95.2 –2.8 –97.9 –97.9
Adjustment, income from joint ventures
and associated companies –7.6 0.0 –7.6 –7.6
Currency rate differences –3.7 0.0 –3.7 –3.7
Operating income according to
IFRIC 15 – handover 608.8 38.8 180.5 41.2 869.3 –112.1 757.2
Employees 50,197 649 199 140 51,185 460 51,645
Gross margin, % 9.0 14.4
Selling and administrative costs, % –5.1 –7.8
Operating margin, % 3.9 7.4
Skanska Review of 2010 – USD version Notes, including accounting and valuation principles 107