ANNUAL REPORT 2006 - Skanska

Note 4 continued
Central,
eliminations
Commercial Infrastructure and discontinued Group
Construction Residential Development Development Development operations Total
2006 2005 2006 2005 2006 2005 2006 2005 2006 2005 2006 2005
Assets
Property, plant and equipment 5,406 5,214 8 4 9 7 19 3 15 15 5,457 5,243
Intangible assets 4,309 3,723 447 481 451 541 23 53 5,230 4,798
Investments in associated companies
and joint ventures 156 134 102 106 39 16 1,990 1,896 –393 –318 1,894 1,834
Other shares and participations 48 47 13 14 –2 –2 59 59
Interest-bearing assets 2 3,577 4,760 –181 62 375 591 16 3 11,654 11,557 15,441 16,973
Current-asset properties 955 1,396 5,273 3,048 5,703 5,903 –104 135 11,827 10,482
Tax assets 2,036 2,612 2,306 2,612
Non-interest-bearing assets 26,554 25,917 1,703 1,540 252 198 52 165 532 1,418 29,093 29,238
Assets classified as held for sale 72 0 72
Total assets 41,005 41,191 7,365 5,255 6,378 6,715 2,528 2,608 14,031 15,542 71,307 71,311
Liabilities
Tax liabilities 3,620 3,426 3,620 3,426
Trade and other payables and
non-interest-bearing provisions 38,475 38,013 3,693 2,881 628 680 114 76 376 1,750 43,286 43,400
Liabilities classified as
held for sale 34 0 34
38,475 38,013 3,693 2,881 628 680 114 76 3,996 5,210 46,906 46,860
Capital employed 2,530 3,178 3,672 2,374 5,750 6,035 2,414 2,532 10,035 10,332 24,401 24,451
Operating cash flow 3
Cash flow from
operations before investments 4,467 4,259 87 213 –265 361 10 –200 –727 –864 3,572 3,769
Net investments in operations –1,112 –699 –878 909 1,413 3,292 –94 –441 57 56 –614 3,117
Cash flow adjustment,
net investment –7 –24 325 27 90 –60 0 0 0 408 –57
Taxes paid in operating activities –1,040 –1,475 –1,040 –1,475
Cash flow from business operations 3,348 3,536 –466 1,149 1,238 3,593 –84 –641 –1,710 –2,283 2,326 5,354
Net strategic investments –583 18 –2 51 512 –532 528
Taxes paid on
strategic divestments 0 –1 0 –1
Cash flow from
strategic investments –583 18 0 –2 0 0 0 0 51 511 –532 527
Cash flow before
financing operations and dividends 2,765 3,554 –466 1,147 1,238 3,593 –84 –641 –1,659 –1,772 1,794 5,881
Net investments
Investments –2,699 –2,127 –5,045 –3,016 –1,671 –1,138 –286 –476 –101 –229 –9,802 –6,986
Divestments 1,004 1,445 4,167 3,924 3,084 4,430 192 35 209 797 8,656 10,631
Net investments –1,695 –682 –878 908 1,413 3,292 –94 –441 108 568 –1,146 3,645
Order bookings 134,125 115,848 267 1,249 134,392 117,097
Order backlog 135,106 127,916 73 827 135,179 128,743
Employees 54,480 51,185 467 430 135 125 103 66 900 2,000 56,085 53,806
1
of which depreciation/amortization –1,092 –1,036 –5 –3 –1 –1 –21 –13 –28 –20 –1,147 –1,073
of which impairment losses/reversals
of impairment losses
goodwill –108 0 –108
other assets –95 –58 –5 –20 –100 –78
of which gains from divestments
of residential units 122 0 1,047 789 –10 12 1,037 801
of which gains from
commercial property divestments 253 1,300 1,626 –23 –7 1,399 1,872
2
including external cash and cash equivalents, excluding deposits in Skanska’s treasury unit.
3
taxes paid by the Group are included in the item ”Central and eliminations.”
Skanska Annual Report 2006 Notes, including accounting and valuation principles 81