Review of 2010 – USD version - Skanska

35 Cash flow statement Information about assets and liabilities in divested companies/businesses
Note
Aside from the cash flow statement prepared in compliance with IAS 7, “Cash Flow
Statements,” Skanska is preparing a cash flow statement based on the operations carried
out by the respective business streams. This is called the “Consolidated operating
cash flow statement.” The connection between the respective cash flow statements is
explained below.
Adjustments for items not included in cash flow
2010 2009
Depreciation/amortization and impairment losses/
reversals of impairment losses 215.2 241.2
Income from divestments of non-current assets and
current-asset properties –325.7 –320.5
Income after financial items from joint ventures and
associated companies –48.7 –52.9
Dividends from joint ventures and associated companies 22.5 32.0
Provision for the year, intra-Group profits on contracting
work 10.4 14.6
Pensions recognized as expenses but not related to
payments –4.2 10.7
Cost of SEOP 26.5 15.3
Gain on joint ventures divested –26.6
Other items that have not affected cash flow from operating
activities 1.7 0.3
Total –129.0 –59.3
Information about assets and liabilities in acquired Group companies/businesses
2010 2009
Assets
Intangible assets 0 1.3
Total 0 1.3
Purchase price paid 0 –1.3
Cash and cash equivalents in acquired companies 0 0.0
Effect on cash and cash equivalents, investment 0 –1.3
Acquired Group companies are described in Note 7, "Business combinations."
The divestment during 2010 was attributable to a small central discontinuation.
2010 2009
Assets
Interest-bearing receivables –0.6
Total –0.6 0.0
Equity and liabilities
Gain on divestments of Group companies 0.0
Total 0.0 0.0
Purchase price paid 0.6
Cash and cash equivalents in divested companies 0.0
Effect on cash and cash equivalents, divestment 0.6 0.0
Taxes paid
Taxes paid are divided into operating activities, investing activities and financing
activities.
Total taxes paid for the Group during the year amounted to USD –227.0 M (–128.8).
Other matters
The Group’s unutilized credit facilities amounted to USD 1,080.4 M (1,170.0) at yearend.
Information about interest and dividends
2010 2009
Interest income received during the year 30.8 33.1
Interest payments made during the year –35.5 –56.1
Dividends received during the year 22.5 32.0
Cash and cash equivalents
Cash and cash equivalents in the cash flow statement consist of cash plus cash
equivalents.
The definition of cash in the statement of financial position can be seen in Note 1,
“Accounting and valuation principles.”
The same rule that has been used in determining cash and cash equivalents in the
statement of financial position has been used in determining cash and cash equivalents
according to the cash flow statement. Only amounts that can be used without restrictions
are recognized as cash.
2010 2009
Cash 978.1 1,309.0
Cash equivalents 0.0 0.0
Total 978.1 1,309.0
142 Notes, including accounting and valuation principles Skanska Review of 2010 – USD version