Review of 2010 – USD version - Skanska

Note
34 Continued
Consolidated statement of financial position by currency, USD billion
Dec 31, 2010 USD GBP EUR NOK CZK PLN DKK
Other
foreign
currencies 1
Hedge
loans 2 SEK Total
Assets
Property, plant and equipment 0.18 0.03 0.06 0.12 0.15 0.04 0.01 0.06 0.22 0.87
Intangible assets 0.04 0.21 0.04 0.22 0.07 0.01 0.03 0.63
Shares and participations 0.09 0.03 0.18 –0.03 0.26
Interest–bearing receivables 1.25 0.59 0.32 0.32 0.01 0.73 0.04 –2.18 0.10 1.21
Current–asset properties 0.09 0.68 0.28 0.12 0.01 0.10 0.00 1.72 3.00
Non–interest–bearing receivables 1.01 0.37 0.44 0.44 0.57 0.25 0.01 0.40 0.82 4.32
Cash and cash equivalents 0.40 0.01 0.03 0.06 0.03 0.01 0.43 0.97
Assets held for sale 0.16 0.16
Total 2.97 1.21 1.63 1.44 0.98 1.07 0.18 –1.51 3.45 11.42
Equity and liabilities
Equity attributable to equity holders 3 0.65 0.09 0.59 0.51 0.46 0.29 0.06 0.38 0.01 3.04
Non–controlling interests 0.01 0.00 0.01
Interest–bearing liabilities 0.19 0.24 0.50 0.19 0.01 0.06 0.06 –2.19 0.31 1.35 0.72
Non–interest–bearing liabilities 2.13 0.88 0.54 0.73 0.50 0.72 0.06 0.29 1.78 7.64
Total 2.97 1.21 1.63 1.44 0.98 1.07 0.18 –1.51 0.31 3.15 11.42
Dec 31, 2009 USD GBP EUR NOK CZK PLN DKK
Other
foreign
currencies 1
Hedge
loans 2 SEK Total
Assets
Property, plant and equipment 0.18 0.03 0.06 0.11 0.17 0.06 0.01 0.06 0.21 0.88
Intangible assets 0.06 0.21 0.07 0.22 0.08 0.00 0.07 –0.07 0.64
Shares and participations 0.07 0.08 0.03 0.00 0.00 0.01 0.18 0.38
Interest–bearing receivables 0.97 0.43 0.45 0.50 0.22 0.61 0.14 –2.42 –0.01 0.89
Current–asset properties 0.03 0.68 0.19 0.15 0.00 0.14 –0.04 2.03 3.19
Non–interest–bearing receivables 1.31 0.49 0.35 0.50 0.45 0.26 0.01 0.39 0.63 4.38
Cash and cash equivalents 0.32 0.01 0.01 0.03 0.03 0.06 0.01 0.83 1.31
Total 2.87 1.24 1.70 1.59 1.10 0.99 0.31 –1.92 3.80 11.66
Equity and liabilities
Equity attributable to equity holders 3 0.61 0.03 0.61 0.58 0.45 0.24 0.08 0.24 –0.06 2.78
Non–controlling interests 0.00 0.01 0.01 0.00 0.03
Interest–bearing liabilities 0.06 0.25 0.54 0.17 –0.01 0.06 0.15 –2.39 0.19 2.06 1.07
Non–interest–bearing liabilities 2.20 0.96 0.54 0.83 0.65 0.70 0.07 0.22 1.60 7.78
Total 2.87 1.24 1.70 1.59 1.10 0.99 0.31 –1.92 0.19 3.60 11.66
1 Including elimination of intra–Group receivables and liabilities.
2 Aside from hedge loans in USD and GBP (USD and GBP), Skanska hedged equity in currencies other than SEK via forward contracts amounting to USD 0.97 (0.86) billion before taxes,
allocated among USD 0.28 (0.25), USD 0.00 (0.01), CZK 0.16 (0.17), PLN 0.09 (0.07), NOK 0.22 (0.21) and CLP 0.21 (0.14) billion.
3 The respective currencies are calculated including Group goodwill and the net amount of Group surpluses after subtracting deferred taxes.
Effect on the Group of change in USD against other currencies
The following sensitivity analysis, based on the 2010 income statement and statement
of financial position, shows the sensitivity of the Group to a unilateral 10 percent
change in USD against all currencies.
USD billion +/–10%
Revenue +/– 1.22
Operating income +/– 0.06
Equity +/– 0.24
“Plus” means a weakening of the USD.
Other matters
For information on the translation reserve in equity, see Note 26, “Equity/Earnings
per share.”
Skanska Review of 2010 – USD version Notes, including accounting and valuation principles 141