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
2009
External revenue 16,364.7 839.7 567.1 19.7 17,791.2 –43.9 17,747.3 431.7 18,179.0
Intra-Group revenue 672.8 15.4 26.9 715.1 –715.1 0.0 0.0 0.0
Total revenue 17,037.5 855.1 594.0 19.7 18,506.3 –759.0 17,747.3 431.7 18,179.0
Cost of sales –15,576.1 –779.6 –448.5 –27.4 –16,831.6 762.8 –16,068.7 –319.2 –16,388.0
Gross income 1,461.4 75.5 145.6 –7.7 1,674.8 3.8 1,678.6 112.5 1,791.1
Selling and administrative expenses –825.4 –77.1 –43.6 –20.3 –966.4 –89.1 –1,055.5 0.0 –1,055.5
Income from joint ventures and associated
companies 0.4 –0.5 0.0 52.4 52.3 0.5 52.8 0.0 52.8
Operating income 636.4 –2.1 101.9 24.4 760.6 –84.8 675.8 112.5 788.3
Of which depreciation/
amortization –190.1 –0.8 –0.4 –0.5 –191.8 –1.2 –193.0
Of which impairment losses/reversals
of impairment losses
Goodwill –27.4 –27.4 –27.4
Other assets –2.0 –6.9 –10.3 –9.7 –28.9 –0.9 –29.8
Of which gains from divestment
of homes 0.1 75.5 75.7 –0.1 75.5
Of which gains from commercial
property divestments 98.5 98.5 11.5 110.0
Of which gains from infrastructure
project divestments 0.0 0.0 0.0
Of which operating net from completed
properties 35.7 35.7 35.7
Assets, of which
Property, plant and equipment 866.2 5.0 1.1 2.1 874.4 2.5 876.9
Intangible assets 562.3 69.8 632.2 3.8 635.9
Investments in joint ventures and
associated companies 31.3 25.3 0.1 295.5 352.3 1.3 353.5
Current-asset properties 53.0 1,412.4 1,775.7 3,241.1 –45.5 3,195.6
Capital employed –232.7 1,206.7 1,677.8 267.8 2,919.6 954.4 3,874.0
Investments –188.6 –448.2 –561.7 –58.1 –1,256.6 25.6 –1,231.0
Divestments 63.9 778.5 559.9 17.9 1,420.2 –24.8 1,395.4
Net investments –124.7 330.3 –1.8 –40.2 163.6 0.8 164.4
Reconciliation from segment reporting to IFRSs
Revenue according to segment
reporting – binding agreement 17,037.5 855.1 594.0 19.7 18,506.3 –759.0 17,747.3
Plus properties sold before the period 801.8 394.9 1,196.7 1,196.7
Less properties not yet occupied by
the buyer on closing day –412.9 –363.4 –776.3 –776.3
Currency rate differences –10.6 22.0 11.4 11.4
Revenue according to
IFRIC 15 – handover 17,037.5 1,233.4 647.5 19.7 18,938.1 –759.0 18,179.0
Operating income according to segment
reporting - binding agreement 636.4 –2.1 101.9 24.4 760.6 –84.8 675.8
Plus properties sold before
the period 123.5 100.1 223.6
Less properties not yet occupied by
the buyer on closing day –63.9 –52.4 –116.3
Adjustment, income from joint ventures
and associated companies 0.0 0.0 0.0
Currency rate differences –1.7 6.9 5.2 5.2
Operating income according to
IFRIC 15 – handover 636.4 55.8 156.5 24.4 873.1 –84.8 788.3
Employees 51,660 669 187 128 52,644 287 52,931
Gross margin, % 8.6 8.8
Selling and administrative costs, % –4.8 –9.0
Operating margin, % 3.7 –0.2
223.6
–116.3
0.0
Total
IFRS
108 Notes, including accounting and valuation principles Skanska Review of 2010 – USD version