ANNUAL REPORT 2004 - Skanska

Note 40 continued
Discontinuing operations
Specialized
Central
companies Cemen- and
2004 being discontinued Whessoe tation Gammon 2 India Services Myresjöhus eliminations Total
Net sales 1,041 488 1,041 735 1,099 950 –348 5,006
0
Operating income –57 –609 15 –28 –164 1,249 363 –1 768
of which, divestment of business –5 –35 –45 1,165 298 1,378
Financial items –16 2 –2 –5 1 –2 2 –20
Income after financial items –73 –607 13 –28 –169 1,250 361 1 748
Taxes 5 0 –11 –1 6 –29 –17 0 –47
of which, taxes on divestment 0 0 0 0 0 0
Minority interests –3 2 –1
Net profit for the year –68 –607 –1 –29 –161 1,221 344 1 700
Assets 900 257 11 1,168
Liabilities 667 781 22 1,470
Shareholders’ equity 233 –524 –11 –302
900 257 11 1,168
Cash flow from operating activities 129 –562 183 112 103 101 66
Cash flow from investing activities 1 –7 6 88 457 57 1,270 477 2,348
Cash flow from financing activities –126 386 –137 –108 –34 –58 –77
Cash flow –4 –170 134 457 61 1,339 520 0 2,337
1 of which, purchase price less ”divested” cash
position which are not reported as assets above. 130 457 61 1,352 523 2,523
2 Gammon is reported according to the equity method of accounting.
Specialized
Other,
companies Cemen- central and
2003 being discontinued Whessoe tation Gammon India Services Myresjöhus eliminations Total
Net sales 1,100 371 1,791 986 2,039 1,043 –301 7,029
0
Operating income 28 –8 –75 34 7 117 47 20 170
of which, divestment of business 14 14
Financial items –19 0 –18 –11 4 –7 1 –50
Income after financial items 9 –8 –93 34 –4 121 40 21 120
Taxes –13 –4 –10 –11 –6 –15 –9 –1 –69
of which, taxes on divestment 0 0
Minority interests –4 –2 –6
Net profit for the year –4 –12 –107 23 –12 106 31 20 45
Assets 1,025 293 440 507 727 781 480 256 4,509
Shareholders’ equity 287 21 –16 507 95 98 132 78 1,202
Minority interests 21 29 50
Liabilities 738 272 435 603 683 348 178 3,257
1,025 293 440 507 727 781 480 256 4,509
Cash flow from operating activities 158 126 –184 112 –169 223 94 1 361
Cash flow from investing activities –76 0 –86 –14 –146 14 –76 –384
Cash flow from financing activities –67 18 144 183 –65 –108 68 173
Cash flow 15 144 –126 112 0 12 0 –7 150
Skanska Annual Report 2004 – Notes, including accounting and valuation principles
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