Review of 2010 â USD version - Skanska

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Sustainable development Solar power in Colorado Location: Cortez, Colorado Unit: Skanska USA Civil Project: 1,260 solar panels Capacity: 258 kWh Investment: USD 1.5 M Environmental benefit: Reducing CO 2 emissions by purchasing substantially less electricity produced by coal fired power plants In the Rocky Mountains, some 2,000 meters (over 6,000 ft.) above sea level, Skanska is capturing the sun. Skanska’s local office in Cortez, Colorado has switched to solar power. Not only that − surplus energy will flow from its new system into the local electrical grid. Skanska’s 1,260 solar panels will generate 258 kW when operating at capacity. The desert-dry landscape around Cortez has few rainy days and the sun shines 240 days a year. The solar panels will also generate electricity even on cloudy days. The office’s solar panels are capable of rotating and are connected to a GPS tracking system that enables them to follow the sun and maintain an optimal angle. This boosts their efficiency by 30 percent compared to fixed panel arrays. Heavy road, excavation and construction jobs are part of Skanska’s day-to-day work in the “Four Corners” region. Giant bulldozers and other heavy machinery parked in the Skanska USA Civil yard in Cortez normally attract people’s attention. But no longer − today the big eye-catcher is 15 rows of shiny new solar panels. The Cortez office also showed its precision know-how by performing its own site preparation, including pole and solar panel installation. The message has been snapped up by its surroundings. A number of potential customers have already contacted the office to get help with their own solar energy systems. Skanska has also been given the Green Business of the Year award by the Cortez Area Chamber of Commerce. At today’s energy prices, the office’s USD 1.5 M investment will pay for itself in six years. The environmental benefit cannot be measured in money, but the transition to solar energy is estimated to save the equivalent of 227 metric tons of carbon dioxide emissions yearly. Skanska USA Civil’s office in New Jersey also generates its own electricity, using roof-mounted solar panels. 68 Sustainable development Skanska Review of 2010 – USD version
Skanska Financials 2010 The financial statements presented in this Review have been prepared in USD (United States dollars) as the presentation currency. As the functional currency of the Parent Company is SEK (Swedish kronor), Skanska’s Statutory Annual Report including the consolidated financial statements of the Parent Company has been prepared using SEK (Swedish kronor) as the presentation currency. Skanska Review of 2010 – USD version Report of the Directors 69
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Review of 2010 - USD version
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The Skanska Group Senior Executive
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United States 28% Business streams:
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Johan Karlström, Skanska’s Presi
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Our new office building projects ar
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Skanska’s core businesses Constru
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Profitable growth 2011-2015 Skanska
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Performance analysis The Group Reve
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Capital structure Capital requireme
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projects during tender preparation
Page 21 and 22: Green Refurbishment for value-secur
Page 23 and 24: Evaluating managers To provide a be
Page 25 and 26: Skanska share price movement, Janua
Page 27 and 28: Construction 25 Aviation hangar bec
Page 29 and 30: increase due to stricter energy and
Page 31 and 32: In August, a milestone breakthrough
Page 33 and 34: The London skyline has reached a ne
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Page 37 and 38: and Texas and all the way west to C
Page 39 and 40: Residential Development 37 New home
Page 41 and 42: Stavanger, on the southern coast of
Page 43 and 44: In Ellös on the isle of Orust alon
Page 45 and 46: Ullstorps Gårdar — Country life
Page 47 and 48: 0,6 Commercial Property Development
Page 49 and 50: The City Green Court office buildin
Page 51 and 52: Green Lustgården started Poland -
Page 53 and 54: 1 4 5 5 Illustration Tyfonen Illust
Page 55 and 56: Infrastructure Development 55 New K
Page 57 and 58: At the end of 2010, Skanska signed
Page 59 and 60: To win the New Karolinska Solna pro
Page 61 and 62: Two London hospitals, Barts and the
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Page 65 and 66: Sustainable development 64 Blå Jun
Page 67 and 68: Safety starts with planning Skanska
Page 69 and 70: The Skanska Color Palette TM is now
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Page 77 and 78: Earnings per share USD 1.6 Investme
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Page 87 and 88: Consolidated income statement USD M
Page 89 and 90: Consolidated statement of financial
Page 91 and 92: Consolidated statement of changes i
Page 93 and 94: Consolidated operating cash flow st
Page 95 and 96: Note 01 Consolidated accounting and
Page 97 and 98: Note 01 Continued IFRS 5, “Non-cu
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Page 103 and 104: Infrastructure Development Skanska
Page 105 and 106: Note 03 Continued Statement of comp
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Page 109 and 110: Note 03 Continued Segments, January
Page 111 and 112: Note 04 Continued Construction Resi
Page 113 and 114: Note 04 Continued External revenue
Page 115 and 116: Note 06 Continued earnings and cash
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Note 12 Depreciation/amortization D
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Note Not 16 Income taxes 14 Net fin
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Note 17 Property, plant and equipme
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Note 18 Continued Goodwill impairme
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Note 20 Continued Specification of
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Note 22 Current-asset properties/Pr
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Note 26 Equity/earnings per share I
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Note 27 Financial liabilities Finan
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Note 28 Continued Actuarial assumpt
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Note 31 Specification of interest-b
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Note 33 Assets pledged Assets pledg
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Note 34 Continued Consolidated stat
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Note 35 Continued Relation between
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Note 37 Remuneration to senior exec
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Note 37 Continued Remuneration and
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Note Business unit Infrastructure D
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Note 42 Consolidated quarterly resu
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Note 43 Continued Statements of fin
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Note 44 Definitions Average capital
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Statement by the President and Chie
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Skanska Review of 2010 - USD versio
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The new environmentally advanced he
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Mike McNally Veronica Rörsgård Ro
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Richard Hörstedt Helsingborg, born
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May - August 2010 5/7/2010 Skanska
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November - December 2010 11/2/2010
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More information about Skanska Worl
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Annual Shareholders’ Meeting Inve
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Review of 2010 â USD version - Skanska