Annual Report 2008 - Skanska

Note
35 Cash flow statement Information about assets and liabilities in acquired Group companies/businesses
2008 2007
Assets
Aside from the cash flow statement prepared in compliance with IAS 7, “Cash Flow Property, plant and equipment 1 19
Statements,” Skanska is preparing a cash flow statement based on the operations carried Intangible assets 4 51
out by the respective business streams. This is called the “Consolidated operating
Non-interest-bearing receivables 74
cash flow statement.” The connection between the respective cash flow statements is Interest-bearing receivables 10
explained below.
Current-asset properties 4
Adjustments for items not included in cash flow
Total 5 158
2008 2007 Liabilities
Depreciation/amortization and impairment
Minority –5
losses/reversals of impairment losses 1,901 1,348
Interest-bearing liabilities 1
Income from divestments of property, plant
Non-interest-bearing liabilities 88
and equipment and current-asset properties –3,132 –2,700
Total 0 84
Income after financial items from joint ventures
and associated companies –181 –287 Purchase price paid –5 –74
Dividends from joint ventures and associated companies 272 186 Cash and cash equivalents in acquired companies 0 0
Provision for the year, intra-Group profits
Effect on cash and cash equivalents, investment –5 –74
on contracting work 40 98
Pensions recognized as expenses but not related
to payments 136 229
Acquired Group companies are described in Note 7, “Business combinations.”
Other items that have not affected cash flow
from operating activities 34 6 Information about assets and liabilities in divested Group companies/businesses
Total –930 –1,120
Taxes paid
Taxes paid are divided into operating activities, investing activities and financing
activities.
Total taxes paid for the Group during the year amounted to SEK –1,926 M (–1,197).
Information about interest and dividends
2008 2007
Interest income received during the year 421 523
Interest payments made during the year –268 –254
Dividends received during the year 272 186
Cash and cash equivalents
Cash and cash equivalents in the cash flow statement consist of cash plus cash equivalents.
The definition of cash and cash equivalents in the balance sheet can be seen in
Note 1, “Accounting and valuation principles.” The same rule that has been used in
determining cash and cash equivalents in the balance sheet has been used in determining
cash and cash equivalents according to the cash flow statement. Only amounts that
can be used without restrictions are recognized as cash and cash equivalents.
2008 2007
Cash 7,881 13,688
Cash equivalents 0 521
Total 7,881 14,209
2008 2007
Assets
Property, plant and equipment –3 –62
Intangible assets –4
Shares and participations –1
Interest-bearing receivables –5
Current-asset properties –4
Non-interest-bearing receivables –41 –15
Cash and cash equivalents 0
Total –48 –87
Equity and liabilities
Income from divestments of Group companies –4 –1
Interest-bearing liabilities –39
Non-interest-bearing liabilities –3 106
Total –46 105
Purchase price paid 2 192
Cash and cash equivalents in divested companies 0 0
Effect on cash and cash equivalents, divestment 2 192
Divestments of Group companies in 2008 were attributable to two small phase-outs,
one in Finland and one in Russia. Divestments in 2007 almost exclusively involved the
discontinuation of portions of Skanska’s Danish operations.
Other matters
The Group’s unutilized credit facilities amounted to SEK 8,914 M (7,318) at year-end.
126 Notes, including accounting and valuation principles Skanska Annual Report 2008