Review of 2010 – USD version - Skanska

Note
20 Continued
Specification of major holdings of shares and participations in joint ventures
Company Operations Country
Percentage of
share capital
Consolidated carrying amount
Percentage of
voting power Currency Dec 31, 2010 Dec 31, 2009 Jan 1, 2009
Joint ventures in Infrastructure Development
Autopista Central S.A. 1 Highway Chile 50 50 CLP 0.0 147.7 154.7
Breitener Energetica S/A 2 Power plant Brazil 35 35 BRL – – 10.2
Bristol PFI Development Ltd Education U.K. 50 50 GBP 0.0 0.0 0.0
Bristol PFI (Holdings) Ltd Education U.K. 61 46 GBP 0.0 0.0 0.0
Bristol PFI Ltd Education U.K. 61 46 GBP 1.3 3.3 1.7
Capital Hospitals (Holdings) Ltd Healthcare U.K. 38 38 GBP 26.2 26.6 21.0
Central Nottinghamshire Hospital (Holdings) Ltd Healthcare U.K. 50 50 GBP 22.2 7.7 0.0
Connect Plus Holdings Ltd Highway U.K. 40 40 GBP 12.9 0.0
Derby Healthcare Holdings Ltd Healthcare U.K. 25 25 GBP 14.4 15.2 14.2
Essex LEP Ltd Education U.K. 70 70 GBP 0.0 – –
Essex PFI Ltd Education U.K. 52 60 GBP 0.0 – –
Gdansk Transport Company S.A Highway Poland 30 30 PLN 46.3 36.7 21.0
Investors in Community (Bexley Schools) Ltd 2 Education U.K. 50 50 GBP – 2.9 2.7
Midlothian Schools Holdings Ltd Education U.K. 50 50 GBP 1.2 3.2 1.4
Orkdalsvegen AS 2 Highway Norway 50 50 NOK – 10.3 9.1
Surrey Lighting Service Holding Company Ltd Street lighting U.K. 50 50 GBP 0.0 0.0
The Coventry and Rugby Hospital Comp. Ltd Healthcare U.K. 25 50 GBP 14.3 14.2 11.3
Swedish Hospital Partners Holding AB Healthcare Sweden 50 50 SEK 12.5 – –
The Walsall Hospital Company Plc Healthcare U.K. 50 50 GBP 7.5 0.8 0.0
Tieyhtiö Nelostie Oy Highway Finland 50 50 USD 7.2 9.7 8.0
Tieyhtiö Ykköstie Oy Highway Finland 41 41 USD 17.8 20.9 19.0
Total joint ventures in
Infrastructure Development
183.7 299.2 274.4
Other joint ventures 73.2 49.8 31.1
Total joint ventures, Skanska Group 256.9 349.1 305.5
1 The holding in Autopista Central S.A., valued at USD 162.9 M, has been moved to "Assets held for sale."
2 The holdings have been divested.
Estimated fair value of shares and participations in joint ventures in
Infrastructure Development
USD bn
Surplus value
Dec 31, 2010
Present value of cash flow from projects 0.7
Present value of remaining investments –0.2
Present value of projects 0.5
Carrying amount 1 –0.2
Unrealized development gain 0.3
1 Including carrying amount of Antofagasta, USD 0.06 billion, which is recognized as a subsidiary.
Information on the Group's share of the income statements and statements
of financial position of joint ventures reported according to the equity method
The amounts include
Infrastructure Development
operations totaling
Income statement 2010 2009 2010 2009
Revenue 845.4 654.9 790.2 619.5
Operating expenses –776.4 –621.7 –723.9 –588.3
Operating income 69.1 33.2 66.3 31.2
Financial items –20.9 19.9 –18.6 21.2
Income after financial items 1 48.1 53.1 47.7 52.4
Taxes –7.2 –11.5 –6.9 –10.8
Profit for the year 40.9 41.6 40.8 41.6
Statement of financial position
Non-current assets 3,003.4 2,750.1 2,922.1 2,718.3
Current assets 653.8 704.8 524.3 612.1
Total assets 3,657.2 3,454.9 3,446.4 3,330.4
Equity attributable to
equity holder 413.8 349.1 340.6 299.2
Non-controlling interests 1.2 1.0
Non-current liabilities 2,985.3 2,838.5 2,888.9 2,798.3
Current liabilities 256.9 266.4 217.0 232.9
Total equity and liabilities 3,657.2 3,454.9 3,446.4 3,330.4
1 The amount includes impairment losses in the consolidated accounts.
Skanska Review of 2010 – USD version Notes, including accounting and valuation principles 127