Review of 2010 – USD version - Skanska

Note
04 Continued
External revenue by geographic area
Sweden United States Other areas Total
2010 2009 2010 2009 2010 2009 2010 2009
Construction 2,814.7 2,643.3 4,692.7 5,714.0 7,604.1 8,007.4 15,111.4 16,364.7
Residential Development 417.7 584.6 330.6 633.6 748.3 1,218.2
Commercial Property Development 663.7 336.9 345.9 283.5 1,009.6 620.4
Infrastructure Development 4.6 39.7 19.7 44.3 19.7
Central and eliminations 18.9 2.2 24.3 –46.3 43.1 –44.0
Total operating segments 3,919.5 3,567.0 4,692.7 5,714.0 8,344.5 8,898.1 16,956.7 18,179.0
The Group has no customers that account for ten percent or more of its revenue.
Non–current assets and current–asset properties by geographic area
equipment Intangible assets 1 companies
Investments in joint
Property, plant and
ventures and associated
Current–asset properties
2010 2009 2010 2009 2010 2009 2010 2009
Sweden 223.0 217.3 3.8 1.3 34.8 21.3 1,753.3 1,856.7
Other areas 645.2 659.6 624.0 634.7 226.1 332.2 1,246.2 1,338.9
Total operating segments 868.1 876.9 627.8 635.9 260.9 353.5 2,999.6 3,195.6
1 Of the "Other areas" item for intangible assets, USD 217.4 M (220.8) was from Norwegian operations and USD 202.0 M (208.7) from British operations.
Note
05
Non-current assets held for sale and
discontinued operations
Non-current assets held for sale and discontinued operations are recognized in compliance
with IFRS 5. See “Accounting and valuation principles,” Note 1. During 2010 and
2009, no units were recognized as discontinued.
On December 28, 2010, Skanska signed an agreement concerning the divestment
of its 50 percent stake in the Autopista Central highway in Chile, which was previously
recognized under “Investments in joint ventures” in the Infrastructure Development
business stream and was later recognized under “Assets held for sale”, at a value of
USD 162.9 M.
The transaction is conditional upon approval from the bond guarantor and necessary
amendments to the financing agreements. It is also conditional upon receiving these
approvals within nine months.
At year-end, the after-tax divestment gain was estimated at about USD 0.7 billion.
Skanska expects to be able to complete the transaction no later than during the third
quarter of 2011.
Skanska Review of 2010 – USD version Notes, including accounting and valuation principles 109