Review of 2010 – USD version - Skanska

Note
06 Continued
Reconciliation with statement of financial position Dec 31, 2010 Dec 31, 2009 Jan 1, 2009
Assets
Financial instruments 4,750.8 4,855.7 4,449.3
Other assets
Property, plant and equipment and
intangible assets 1,496.0 1,512.8 1,501.1
Investments in joint ventures and
associated companies 260.9 353.5 309.5
Tax assets 290.8 290.5 362.6
Current-asset properties 2,999.6 3,195.6 3,098.7
Inventories 136.1 116.2 116.7
Gross amount due from customers for
contract work 726.3 642.3 670.7
Trade and other receivables 1 599.9 686.8 739.6
Assets held for sale 162.9
Total assets 11,423.2 11,653.5 11,248.1
1 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 employeerelated
receivables.
Liabilities
At fair value
through
profit or loss
Hedge
accounted
derivatives
At amortized
cost
Total carrying
amount
2010
Financial instruments
Interest-bearing liabilities and derivatives
Financial liabilities 1
Financial liabilities at fair value 20.6 12.8 33.4
Financial liabilities at amortized cost 538.9 538.9
Operating liabilities
20.6 12.8 538.9 572.2
Trade accounts payable 1,575.8 1,575.8
Other operating liabilities 2 224.0 224.0
0.0 0.0 1,799.8 1,799.8
Total financial instruments 20.6 12.8 2,338.7 2,372.0
2009
Financial instruments
Interest-bearing liabilities and derivatives
Financial liabilities 1
Financial liabilities at fair value 10.0 22.3 32.3
Financial liabilities at amortized cost 749.4 749.4
Operating liabilities
10.0 22.3 749.4 781.7
Trade accounts payable 1,744.9 1,744.9
Other operating liabilities 2 149.7 149.7
0.0 0.0 1,894.5 1,894.5
Total financial instruments 10.0 22.3 2,644.0 2,676.3
The difference between fair value and carrying amount for financial liabilities is marginal.
1 The carrying amount for financial liabilities, totaling USD 572.2 M (781.7) can be seen in Note 27, “Financial liabilities.”
2 Other operating liabilities, totaling USD 2,417.9 M (2,595.4), were reported in the statement of financial position together with trade
accounts payable of USD 1,575.8 M (1,744.9). The total item in the statement of financial position amounted to USD 3,993.7 M (4,340.3).
See Note 30. Accrued interest expenses, checks issued but not cash, liabilities for unpaid properties etc. were reported as other financial
operating liabilities. Other non-financial operating liabilities were, for example, interim items other than accrued interest, VAT liabilities,
pension-related liabilities and other employee-related liabilities.
114 Notes, including accounting and valuation principles Skanska Review of 2010 – USD version