ANNUAL REPORT 2006 - Skanska

More documents

Recommendations

Info

Note 61 Cash flow statement, Parent Company Adjustments for items not included in cash flow 2006 2005 Depreciation/amortization 2 2 Gains from divestments of non-current assets 0 2 Total 2 4 Taxes paid Total taxes paid in the Parent Company during 2006 amounted to SEK –35 M (–102). Information on interest and dividends 2006 2005 Interest received during the year 188 120 Interest paid during the year –294 –208 Dividends received during the year 2,500 1,200 Note 62 Personnel, Parent Company Salaries, other remuneration and social insurance contributions 2006 2005 Salaries and other remuneration Board of Directors, Presidents and Executive Vice Presidents 1 49 40 (of which bonuses) 12 10 Other employees 59 52 Total salaries and other remuneration 108 92 Social insurance contributions 62 95 of which pension expenses 26 55 1 The amount related to the Board of Directors, President and Executive Vice Presidents included compensation to former Board members, Presidents and Executive Vice Presidents during the financial year. The Parent Company’s pension expenses were calculated in compliance with the Security of Income Act. Pension expenses declined by SEK 68 M in 2006 due to reimbursement from Swedish pension funds. In 2005, pension expenses declined by SEK 38 M due to an upturn in the value of Swedish pension fund assets and reimbursement from these funds. Of the Parent Company’s pension expenses, SEK 10.0 M (12.8) was related to the category Board of Directors, Presidents and Executive Vice Presidents. The amount included compensation to former Board members, Presidents and Executive Vice Presidents. The Company’s outstanding pension obligations to these amounted to SEK 200.8 M (234.8). Average number of employees Personnel figures are calculated as the average number of employees. See Note 1, ”Accounting and valuation principles.” of whom of whom of whom of whom 2006 men women 2005 men women Sweden 69 43 26 59 36 23 Men and women on the Board of Directors and Senior Executive Team on the balance sheet date of whom of whom of whom of whom 2006 men% women% 2005 men% women% Number of Board members and deputy members 14 71 29 15 73 27 President and other members of the Senior Executive Team 6 100 0 6 100 0 Absence from work due to illness as a percentage of each category’s regular working time: Men 0.6% 0.3% Women 4.0% 2.3% Absence due to illness by age category Age 29 or younger 2 – – Age 30-49 2 2.5% 1.8% Age 50 or older 0.5% 0.3% 1 In the Parent Company, the number of employees totaled 69 (59). 2 Since the category ”Age 29 or younger” includes fewer than 10 people, the category is reported together with the category ”Age 30-49.” Note 63 Related party disclosures, Parent Company Through its ownership and percentage of voting power, AB Industrivärden has a significant influence, as defined in compliance with IAS 24, ”Related Party Disclosures.” All transactions have occurred on market terms. Information on personnel expenses is found in Note 62, ”Personnel.” 2006 2005 Sales to Group companies 26 50 Purchases from Group companies –70 –52 Interest income from Group companies 187 120 Interest expenses to Group companies –288 –199 Dividends from Group companies 2,500 1,200 Non-current receivables from Group companies 7,693 7,332 Current receivables from Group companies 1 19 Non-current liabilities to Group companies 9,920 9,202 Current liabilities to Group companies 7 Contingent liabilities on behalf of Group companies 73,758 64,221 Note 64 Supplementary information, Parent Company Skanska AB (publ), Swedish corporate identification number 556000-4615, is the Parent Company of the Skanska Group. The Company has its registered office in Solna, Stockholm County and is a limited company as provided by Swedish legislation. Its headquarters is located in Solna, Stockholm County. Address: Skanska AB SE-169 83 Solna, Sweden tel +46-8-504 350 00 fax +46-8-755 71 26 www.skanska.se For questions concerning financial information, please contact: Skanska AB, Investor Relations, SE-169 83 Solna, Sweden Tel: +46–8–753 88 00 Fax: +46–8–755 12 56 E-mail: investor.relations@skanska.se Absence from work due to illness (sick leave) 2006 2005 Total absence from work due to illness as a percentage of regular working time 1 1.9% 1.2% Percentage of total absence from work due to illness related to continuous absences of 60 days or more 74% 63% 130 Notes, including accounting and valuation principles Skanska Annual Report 2006
Proposed allocation of earnings The Board of Directors and the President of Skanska AB propose that the profit for 2006, SEK 2,207,344,248, plus the retained earnings of SEK 4,304,914,095 brought forward from the previous year, totaling SEK 6,512,258,343, be allocated as follows: A dividend to the shareholders of SEK 8.25 per share 3,453,062,844 Of which, an extra dividend of SEK 3.50 per share 1,464,935,752 To be carried forward 3,059,195,499 Total 6,512,258,343 As far as we are aware, the annual accounts have been prepared in compliance with generally accepted accounting practices for listed companies, the information provided matches the actual conditions and nothing of essential importance has been omitted that might affect the picture of the Company created by the annual accounts. Stockholm, February 14, 2007 Sverker Martin-Löf Chairman Roger Flanagan Ulrika Francke Jane F. Garvey Finn Johnsson Curt Källströmer Anders Nyrén Lars Pettersson Folmer Knudsen Gunnar Larsson Alf Svensson Stuart Graham President Skanska Annual Report 2006 Proposed allocation of earnings 131
Page 1 and 2:
ANNUAL REPORT 2006
Page 3 and 4:
Business streams and organization C
Page 5 and 6:
During 2007 we closed and began con
Page 7 and 8:
Skanska’s core businesses Skanska
Page 9 and 10:
Ambitious financial and qualitative
Page 11 and 12:
0—15 MUSD, 25% • 15—30 MUSD,
Page 13 and 14:
expertise can be kept in projects.
Page 15 and 16:
largest group, with about 60 millio
Page 17 and 18:
To the left: At Norra Bantorget in
Page 19 and 20:
To the left: The Palace of Justice
Page 21 and 22:
CONSTRUCTION MORE THAN 200 STORES U
Page 23 and 24:
During 2006 Skanska USA Civil furth
Page 25 and 26:
CONSTRUCTION NEW SUCCESSES IN THE G
Page 27 and 28:
To the left: In Kärra, 10 km (6 mi
Page 29 and 30:
To the left: Today the former Films
Page 31 and 32:
RESIDENTIAL DEVELOPMENT LIVING CLOS
Page 33 and 34:
yggande, förvaltning och försälj
Page 35 and 36:
Skanska is developing Norra Bantorg
Page 37 and 38:
The Danish unit of Svenska Handelsb
Page 39 and 40:
COMMERCIAL DEVELOPMENT THE INNER HA
Page 41 and 42:
To the left: The first phase of Der
Page 43 and 44:
Market risk concession, example Ava
Page 45 and 46:
0 6,7% 7,7% 8,7% 9,7% 10,7% 11,7% 1
Page 47 and 48:
INFRASTRUCTURE DEVELOPMENT FIRST WI
Page 49 and 50:
% Number 100 80 60 40 20 0 Environm
Page 51 and 52:
Awards and achievements During 2006
Page 53 and 54:
Zero tolerance to corruption At the
Page 55 and 56:
Report of the Directors The Board o
Page 57 and 58:
tive effect of about SEK 90 M due t
Page 59 and 60:
SEK M 2006 2005 Strategic investmen
Page 61 and 62:
Slovakian company. The fine in Skan
Page 63 and 64:
The dilution effect during 2006 is
Page 65 and 66:
Consolidated balance sheet SEK M No
Page 67 and 68:
Consolidated cash flow statement SE
Page 69 and 70:
Parent Company balance sheet SEK M
Page 71 and 72:
Notes including accounting and valu
Page 73 and 74:
income,” “Financial expenses”
Page 75 and 76:
Internal profits Internal profits t
Page 77 and 78:
it nor taxable profit. Also not tak
Page 79 and 80:
IAS 39, “Financial Instruments: R
Page 81 and 82: Note 3 Effects of changes in accoun
Page 83 and 84: Note 4 continued Central, eliminati
Page 85 and 86: Note 4 continued C. Other informati
Page 87 and 88: Note 6 continued Liquidity reserve
Page 89 and 90: Note 7 Business combinations Busine
Page 91 and 92: Note 10 Operating income Operating
Page 93 and 94: Note 13 Impairment losses/Reversals
Page 95 and 96: Note 16 continued Deferred tax asse
Page 97 and 98: Note 18 Goodwill Goodwill is recogn
Page 99 and 100: Note 20 Investments in joint ventur
Page 101 and 102: Note 20 continued Note 21 Financial
Page 103 and 104: Note 22 continued Carrying amount P
Page 105 and 106: Note 26 continued Equity attributab
Page 107 and 108: Note 28 continued Pension obligatio
Page 109 and 110: Note 31 Specification of interest-b
Page 111 and 112: Note 33 Assets pledged Assets pledg
Page 113 and 114: Note 34 continued Effect on the Gro
Page 115 and 116: Note 35 Cash flow statement Aside f
Page 117 and 118: Note 36 Personnel Wages, salaries,
Page 119 and 120: Note 37 continued C. Benefits to th
Page 121 and 122: Note 40 Leases Skanska is a lessee
Page 123 and 124: Note 43 Five-year Group financial s
Page 125 and 126: Financial ratios etc. 5 In complian
Page 127 and 128: Parent Company notes Note 45 Financ
Page 129 and 130: Note 52 Holdings in Group companies
Page 131: Note 59 Expected recovery periods o
Page 135 and 136: Corporate governance report of Skan
Page 137 and 138: Attendance at Board and Committee m
Page 139 and 140: Senior Executive Team Johan Karlstr
Page 141 and 142: Curt Källströmer Head of Chairman
Page 143 and 144: More information Worldwide The Skan
Page 145 and 146: Abbreviations BOT Build Own/Operate
Page 147: Addresses Skanska AB SE-169 83 Soln
show all

ANNUAL REPORT 2006 - Skanska

Create successful ePaper yourself

Delete template?

Save as template?