Review of 2010 – USD version - Skanska

Note
06 Continued
Impact of financial instruments on the consolidated income statement, other comprehensive income and equity
Revenue and expenses from financial instruments recognized in income statement 2010 2009
Recognized in operating income
Interest income on loan receivables 2.5 3.9
Interest expenses on financial liabilities at cost 0.0 0.0
Impairment loss/reversal of impairment loss on loan receivables –1.5 –10.3
Cash flow hedge removed from equity and recognized in income statement 8.7 –4.2
Total income and expenses in operating income 9.7 –10.6
Recognized in financial items
Interest income on financial assets at fair value through profit or loss 1 15.7 12.7
Interest income on available-for-sale assets
Interest income on held-to-maturity investments 4.3 1.6
Interest income on loan receivables 4.4 6.1
Interest income on cash 5.8 12.5
Divestments of available-for-sale financial assets 0.0 0.1
Distribution of available-for-sale financial assets
Changes in market value of financial assets at fair value through profit or loss 1.2 1.0
Changes in market value of financial liabilities at fair value through profit or loss 1.2 0.1
Total income in financial items 32.7 34.2
Interest expenses on financial liabilities at fair value through profit or loss –0.7 –1.3
Interest expenses on financial liabilities at amortized cost –29.0 –28.2
Changes in market value of financial assets at fair value through profit or loss –0.4 –0.8
Changes in market value of financial liabilities at fair value through profit or loss –1.0 –2.1
Net financial items from hedging of net investments in foreign subsidiaries 2 –6.1 –10.1
Impairment loss on available-for-sale financial assets
Net exchange rate differences –1.7 –7.1
Expenses for borrowing programs –4.0 –2.4
Bank-related expenses –4.3 –3.0
Total expenses in financial items –47.2 –54.9
Net income and expenses from financial instruments recognized in income statement –4.7 –31.2
Of which interest income on financial assets not at fair value through profit or loss 17.1 24.2
Of which interest expenses on financial liabilities not at fair value through profit or loss –29.0 –28.2
1 The amount refers to USD 15.7 M (12.7) worth of positive interest rate differences in currency swaps for the Group's borrowing.
2 The amount is related to interest rate expenses totaling USD –6.1 M (–10.1) attributable to currency forward contracts.
Reconciliation with financial items 2010 2009
Total income from financial instruments in financial items 32.7 34.2
Total expenses from financial instruments in financial items –47.2 –54.9
Interest income on pensions 8.2 –4.7
Other interest income 0.0
Other interest expenses –0.1 –0.4
Other financial items 1.5 –4.7
Total financial items –4.9 –30.4
See also Note 14, "Net financial items."
Income and expenses from financial instruments recognized under other comprehensive income 2010 2009
Cash flow hedges recognized directly in equity 26.4 –56.3
Cash flow hedges removed from equity and recognized in income statement –8.7 4.2
Change in value of available-for-sale assets 0.0 0.0
Translation differences for the year –51.6 204.7
Transferred translation differences on divested companies
Minus hedging on foreign exchange risk in operations outside Sweden 14.9 –53.5
Total –19.0 99.0
of which recognized in cash flow hedge reserve 17.6 –52.1
of which recognized in translation reserve –36.7 151.2
–19.0 99.0
116 Notes, including accounting and valuation principles Skanska Review of 2010 – USD version