Review of 2010 – USD version - Skanska

Note
17
Property, plant and equipment
Property, plant and equipment are reported in compliance with IAS 16, “Property, Plant
and Equipment.” See Note 1, “Accounting and valuation principles.”
Office buildings and other buildings used in the Group’s business are recognized as
property, plant and equipment.
Machinery and equipment are recognized as a single item (“Plant and equipment”).
Property, plant and equipment by asset class
2010 2009
Property 250.6 254.9
Plant and equipment 608.4 615.5
Property, plant and equipment under construction 9.1 6.5
Total 868.1 876.9
Depreciation of property, plant and equipment by asset class and function
Cost of sales
Selling and
administration
Total
2010 2009 2010 2009 2010 2009
Property –9.0 –8.0 –2.5 –1.8 –11.5 –9.8
Plant and equipment –142.2 –155.5 –15.8 –17.1 –158.0 –172.6
Total –151.2 –163.5 –18.3 –18.9 –169.5 –182.4
Impairment losses/reversals of impairment losses on property, plant
and equipment
During 2010, net impairment losses in the amount of USD –1.8 M (–6.4) were
recognized.
All impairment losses /reversals of impairment losses were recognized under
"Cost of sales."
Impairment losses/reversals
of impairment losses
Property
Plant and
equipment
Total
2010 2009 2010 2009 2010 2009
Impairment losses –2.1 –3.0 –0.8 –4.8 –2.9 –7.8
Reversals of impairment
losses 0.7 0.0 0.4 1.4 1.1 1.4
Total –1.4 –3.0 –0.4 –3.4 –1.8 –6.4
Amount of impairment
losses/reversals of impairment
losses based on
Net realizable value –2.1 –0.4 –0.4 –3.3 –2.5 –3.7
Value in use 0.7 –2.6 0.0 –0.1 0.7 –2.7
Total –1.4 –3.0 –0.4 –3.4 –1.8 –6.4
Information about cost, accumulated depreciation, accumulated revaluation and accumulated impairment losses
Property
Plant and equipment
Property, plant and equipment
under construction
2010 2009 2010 2009 2010 2009
Accumulated cost
January 1 401.6 415.1 2,206.5 2,003.2 6.5 4.9
Investments 16.1 17.2 158.9 144.3 12.5 5.2
Acquisitions of companies
Divestments of companies 0.1
Divestments –12.2 –6.8 –20.5 –68.3 –2.9
Reclassifications 5.1 –40.2 –79.1 –1.6 –10.4 –1.3
Exchange rate differences for the year –4.2 16.3 7.4 128.9 0.5 0.4
406.4 401.6 2,273.1 2,206.5 9.1 6.5
Accumulated depreciation
January 1 –128.5 –118.0 –1,580.0 –1,354.8
Divestments and disposals 1.4 1.3 5.8 38.0
Reclassifications 2.4 4.6 88.2 5.0
Depreciation for the year –11.5 –9.8 –158.0 –172.6
Exchange rate differences for the year 0.1 –6.7 –9.3 –95.6
–136.3 –128.5 –1,653.2 –1,580.0
Accumulated impairment losses
January 1 –18.2 –47.9 –11.0 –6.7
Divestments 0.1
Reclassifications 33.8 –0.3
Impairment losses/reversals of impairment losses for the year –1.4 –3.0 –0.4 –3.4
Exchange rate differences for the year –0.1 –1.2 0.2 –0.9
–19.6 –18.2 –11.5 –11.0
Carrying amount, December 31 250.6 254.9 608.4 615.5 9.1 6.5
Carrying amount, January 1 254.9 249.3 615.5 641.7 6.5 4.9
Other matters
Information about capitalized interest is presented in Note 15, “Borrowing costs.”
For information on finance leases, see Note 40, “Leases.”
Skanska has obligations to acquire property, plant and equipment in the amount of USD 0.0 M (0.4).
Skanska did not receive any compensation from third parties for property, plant and equipment that was damaged or lost, either in 2010 or 2009.
Skanska Review of 2010 – USD version Notes, including accounting and valuation principles 123