Note 43 continued Balance sheets In compliance with IFRS In compliance with SWGAAP Dec 31 <strong>2006</strong> Dec 31 2005 Jan 1 1 2005 Dec 31 2004 Jan 1 1 2004 Dec 31 2003 Dec 31 2002 ASSETS Non-current assets Property, plant and equipment 5,457 5,243 4,978 5,507 6,700 6,730 7,808 Goodwill 4,490 4,154 3,899 3,899 4,259 4,259 5,360 Intangible assets 740 644 535 535 542 459 481 Investments in joint ventures and associated companies 1,894 1,834 862 862 1,374 1,374 1,468 Financial non-current assets 2,4 1,500 1,236 1,253 1,137 2,032 2,032 1,408 Deferred tax assets 1,976 2,282 1,620 1,633 1,459 1,539 1,621 Total non-current assets 16,057 15,393 13,147 13,573 16,366 16,393 18,146 Current assets Current-asset properties 3 11,827 10,482 11,935 11,948 13,866 13,694 19,544 Inventories 484 501 483 610 828 828 865 Financial current assets 4 3,154 2,260 2,771 2,490 1,248 1,248 1,128 Tax assets 330 330 269 269 415 415 310 Gross amount due from customers for contract work 5,222 5,610 3,653 3,579 4,768 4,814 4,896 Trade and other receivables 23,263 22,985 21,579 21,744 22,309 22,309 26,096 Cash equivalents 2,131 3,095 3,053 3,053 218 218 303 Cash 8,839 10,583 5,794 5,815 6,819 6,819 5,460 Assets classified as held for sale 72 869 Total current assets 55,250 55,918 50,406 49,508 50,471 50,345 58,602 TOTAL ASSETS 71,307 71,311 63,553 63,081 66,837 66,738 76,748 of which interest-bearing 15,441 16,975 12,421 12,421 10,241 10,241 7,749 EQUITY Equity attributable to equity holders 19,190 18,454 16,240 16,251 14,501 14,169 14,217 Minority interest 147 133 117 117 200 200 298 Total equity 19,337 18,587 16,357 16,368 14,701 14,369 14,515 LIABILITIES Non-current liabilities Financial non-current liabilities 4 2,039 2,424 3,300 3,046 5,714 7,182 13,845 Pensions 1,556 2,407 1,108 1,112 1,771 2,058 984 Deferred tax liabilities 2,892 2,831 2,708 2,744 3,164 3,104 2,317 Non-current provisions 119 143 135 135 174 175 16 Total non-current liabilities 6,606 7,805 7,251 7,037 10,823 12,519 17,162 Current liabilities Financial current liabilities 4 1,396 1,080 1,197 1,006 2,277 808 2,607 Tax liabilities 728 595 994 998 571 571 447 Current provisions 3,476 3,200 2,735 2,740 3,050 3,055 3,062 Gross amount due to customers for contract work 11,357 11,782 10,471 10,428 9,311 9,311 10,174 Trade and other payables 28,407 28,220 24,224 24,504 26,104 26,105 28,781 Liabilities classified as held for sale 42 324 Total current liabilities 45,364 44,919 39,945 39,676 41,313 39,850 45,071 TOTAL EQUITY AND LIABILITIES 71,307 71,311 63,553 63,081 66,837 66,738 76,748 of which interest-bearing 5,064 5,864 5,192 5,192 9,804 10,091 17,125 1 In addition to the balance sheets on December 31 of each year, the tables present the opening balance in compliance with IFRS on January 1, 2004 as well as the transition to IAS 39 and IFRS 5 on January 1, 2005. 2 of which shares 59 59 74 74 76 76 547 3 Current-asset properties Commercial Development 5,583 5,804 7,395 7,408 9,421 9,249 12 610 Other commercial properties 956 1,396 1,272 1,272 1,051 1,051 2,120 Residential Development 5,288 3,282 3,268 3,268 3,394 3,394 4,814 11,827 10,482 11,935 11,948 13,866 13,694 19,544 4 Items related to non-interest-bearing unrealized changes in value of derivatives/securities are included in the following amounts: Financial non-current assets 8 107 116 Financial current assets 116 35 281 Financial non-current liabilities 6 22 254 Financial current liabilities 60 196 193 122 Notes, including accounting and valuation principles <strong>Skanska</strong> Annual Report <strong>2006</strong>
Financial ratios etc. 5 In compliance with IFRS In compliance with SWGAAP Note 43 continued Dec 31 <strong>2006</strong> Dec 31 2005 Jan 1 2005 Dec 31 2004 Jan 1 2004 Dec 31 2003 Dec 31 2002 Order bookings 134,392 117,097 121,903 121,128 134,625 Order backlog 135,179 128,743 113,740 116,401 135,165 Average number of employees 56,085 53,806 53,803 69,669 72,698 Regular dividend per share, SEK 6 4.75 4.50 4.00 3.00 2.00 Extra dividend per share, SEK 6 3.50 2.00 Earnings per share, SEK 8.68 9.27 7.58 6.60 –2.00 Capital employed 24,401 24,451 21,549 21,560 24,505 24,460 31,640 Interest-bearing net receivable (+)/net debt (–) 10,377 11,111 7,229 7,229 437 150 –9,376 Equity per share, SEK 45.85 44.09 38.80 38.83 34.65 33.90 34.00 Equity/assets ratio, % 27.1 26.1 25.7 25.9 22.0 21.5 18.9 Debt/equity ratio –0.5 –0.6 –0.4 –0.4 0.0 0.0 0.6 Interest cover –21.3 –37.4 122.8 16.8 5.7 Return on equity, % 19.3 22.4 20.6 19.5 –5.2 Return on capital employed, % 22.5 23.3 19.9 17.1 4.2 Total number of shares 418,553,072 418,553,072 418,553,072 418,553,072 418,553,072 418,553,072 418,553,072 Average number of shares Before dilution 418,553,072 418,553,072 418,553,072 418,553,072 418,553,072 418,553,072 418,553,072 After dilution 418,827,470 418,561,923 Number of own shares held 4,500,000 5 For definitions, see note 44. 6 Proposed by the Board of Directors: Regular dividend of SEK 4.75 per share and extra dividend of SEK 3.50 per share. <strong>Skanska</strong> Annual Report <strong>2006</strong> Notes, including accounting and valuation principles 123
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ANNUAL REPORT 2006
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Business streams and organization C
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During 2007 we closed and began con
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Skanska’s core businesses Skanska
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Ambitious financial and qualitative
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0—15 MUSD, 25% • 15—30 MUSD,
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expertise can be kept in projects.
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largest group, with about 60 millio
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To the left: At Norra Bantorget in
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To the left: The Palace of Justice
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CONSTRUCTION MORE THAN 200 STORES U
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During 2006 Skanska USA Civil furth
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CONSTRUCTION NEW SUCCESSES IN THE G
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To the left: In Kärra, 10 km (6 mi
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To the left: Today the former Films
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RESIDENTIAL DEVELOPMENT LIVING CLOS
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yggande, förvaltning och försälj
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Skanska is developing Norra Bantorg
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The Danish unit of Svenska Handelsb
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COMMERCIAL DEVELOPMENT THE INNER HA
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To the left: The first phase of Der
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Market risk concession, example Ava
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0 6,7% 7,7% 8,7% 9,7% 10,7% 11,7% 1
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INFRASTRUCTURE DEVELOPMENT FIRST WI
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% Number 100 80 60 40 20 0 Environm
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Awards and achievements During 2006
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Zero tolerance to corruption At the
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Report of the Directors The Board o
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tive effect of about SEK 90 M due t
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SEK M 2006 2005 Strategic investmen
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Slovakian company. The fine in Skan
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The dilution effect during 2006 is
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Consolidated balance sheet SEK M No
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Consolidated cash flow statement SE
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Parent Company balance sheet SEK M
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Notes including accounting and valu
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