Review of 2010 – USD version - Skanska

Note
06 Continued
The role of financial instruments in the Group’s
financial position and income
Financial instruments in the statement of financial position
The following table presents the carrying amount of financial instruments allocated
by category as well as a reconciliation with total assets and liabilities in the statement
of financial position. Derivatives subject to hedge accounting are presented separately
both as financial assets and financial liabilities but belong to the category “At fair value
through profit and loss.”
See also Note 21, “Financial assets,” Note 24, “Trade and other receivables,” Note
27, “Financial liabilities” and Note 30, “Operating liabilities.”
Assets
At fair value through
profit or loss
Hedge accounted
derivatives
Held-to-maturity Available-for-sale
investments
assets
Loans and
receivables
Total carrying
amount
2010
Financial instruments
Interest-bearing assets and derivatives
Financial assets 1
Financial investments at fair value 16.9 14.1 31.0
Financial investments at amortized cost 182.4 182.4
Financial interest-bearing receivables 1,021.6 1,021.6
16.9 14.1 182.4 0.0 1,021.6 1,235.0
Cash equivalents at fair value 0.0
Cash 978.1 978.1
16.9 14.1 182.4 0.0 1,999.7 2,213.1
Trade accounts receivable 2 2,509.0 2,509.0
Other operating receivables including shares
Shares recognized as available-for-sale assets 3 6.0 6.0
Other operating receivables 2, 4 22.6 22.6
0.0 0.0 0.0 6.0 22.6 28.7
Total financial instruments 16.9 14.1 182.4 6.0 4,531.4 4,750.8
2009
Financial instruments
Interest-bearing assets and derivatives
Financial assets 1
Financial investments at fair value 12.2 18.4 30.6
Financial investments at amortized cost 169.4 169.4
Financial interest-bearing receivables 715.5 715.5
12.2 18.4 169.4 0.0 715.5 915.6
Cash equivalents at fair value 0.0
Cash 1,309.0 1,309.0
12.2 18.4 169.4 0.0 2,024.5 2,224.6
Trade accounts receivable 2 2,610.6 2,610.6
Other operating receivables including shares
Shares recognized as available-for-sale assets 3 7.7 7.7
Other operating receivables 2, 4 12.9 12.9
0.0 0.0 0.0 7.7 12.9 20.6
Total financial instruments 12.2 18.4 169.4 7.7 4,648.1 4,855.8
The difference between fair value and carrying amount for financial assets is marginal.
1 The carrying amount for financial assets excluding shares, totaling USD 1,235.0 M (915.6) can be seen in Note 21, “Financial assets.”
2 See Note 24, “Trade and other receivables.”
3 The shares are recognized at cost. The shares are reported in the consolidated statement of financial position among financial assets. See also Note 21, “Financial assets.”
4 In the consolidated statement of financial position, USD 3,131.6 M (3,310.4) was reported as “Trade and other receivables.” See Note 24, “Trade and other receivables.” Of this amount,
USD 2,509.0 M (2,610.6) was trade accounts receivable. These were reported as financial instruments. The remaining amount was USD 622.5 M (699.8) and was allocated between
USD 22.6 M (12.9) in financial instruments and USD 599.9 M (686.8) in non-financial instruments. The amount reported as financial instruments included accrued interest income, deposits,
receivables on divested properties etc. Reported as non-financial items were, for example, interim items other than accrued interest, VAT receivables, pension-related receivables and other
employee-related receivables.
Skanska Review of 2010 – USD version Notes, including accounting and valuation principles 113