ANNUAL REPORT 2006 - Skanska

Note 34 continued
Effect on the Group of change in SEK against other currencies and change in
USD against SEK
The following sensitivity analysis, based on the 2006 income statement and balance
sheet, shows the sensitivity of the Group to a unilateral 10 percent change
in SEK against all currencies as well as a unilateral 10 percent change in USD
against SEK.
of which USD
+/– 10% +/– 10%
Revenue +/– 9,916 +/– 4,132
Operating income +/– 252 +/– 87
Equity +/– 920 +/– 360
”Plus” means a weakening of the Swedish krona. ”Plus” for USD thus means
increased value against SEK.
Effects of changes in exchange rates on the balance sheet compared to the
previous year
Amounts in SEK billion 2006 2005
Assets
Property, plant and equipment –0.2 0.5
Intangible assets –0.3 0.5
Shares and participations –0.1 0.3
Interest-bearing receivables –0.1 0.1
Current-asset properties –0.2 0.4
Non-interest-bearing receivables –1.8 2.8
Cash and cash equivalents –0.4 0.4
Total –3.1 5.0
Equity and liabilities
Equity attributable to equity holders –0.7 1.1
Minority 0.0 0.0
Interest-bearing liabilities –0.3 0.4
Non-interest-bearing liabilities –2.1 3.5
Total –3.1 5.0
Effect of exchange rate differences on
the Group’s interest-bearing net receivable –0.2 0.1
Of the total effect on the Group’s assets, SEK –2.1 billion was due to USD,
SEK –0.6 billion to NOK, SEK –0.3 billion to EUR and SEK –0.3 billion to CLP.
Of the total effect in 2005, SEK +2.7 billion was due to USD, SEK +0.6 billion to
CZK, SEK +0.5 billion to NOK, SEK +0.5 billion to GBP, SEK +0.3 billion to EUR
and SEK +0.3 billion to PLN.
Skanska Annual Report 2006 Notes, including accounting and valuation principles 111