Annual Report 2008 - Skanska

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Corporate governance Addresses report Addresses Skanska AB (publ) SE-169 83 Solna Sweden Street address: Råsundavägen 2 Tel: +46 10 448 00 00 Fax: +46 8 755 12 56 www.skanska.com Skanska Sweden SE-169 83 Solna Sweden Street address: Råsundavägen 2 Tel: +46 8 10 448 00 00 Fax: +46 8 755 63 17 Customer service: 020-30 30 40 (from inside Sweden only) www.skanska.se Skanska Norway Postboks 1175 Sentrum NO-0107 Oslo Norway Street address: Drammensveien 60 Tel: +47 40 00 64 00 Fax: +47 23 27 17 30 www.skanska.no Skanska Finland P.O.Box 114 FI-00101 Helsinki Finland Street address: Paciuksenkatu 25 Entrance: Kallioportaankatu 8 Tel: +358 20 719 211 Fax: +358 20 719 2271 www.skanska.fi Skanska Poland ul. Generala Zajaczka 9 PL-01 518 Warsaw Poland Tel: +48 22 561 30 00 Fax: +48 22 561 30 01 www.skanska.pl Skanska Czech Republic Kubánské námestí 1391/11 CZ-100 05 Prague 10 - Vrsovice Czech Republic Tel: +420 267 310 476 Fax: +420 267 310 644 www.skanska.cz Skanska UK Maple Cross House Denham Way, Maple Cross Rickmansworth Hertfordshire WD3 9SW United Kingdom Tel: +44 1923 776 666 Fax: +44 1923 423 900 www.skanska.co.uk Skanska USA Building 1633 Littleton Road Parsippany, NJ 07054 U.S.A. Tel: +1 973 753 3500 Fax: +1 973 753 3499 www.skanska.com Skanska USA Civil 16-16 Whitestone Expressway Whitestone, NY 11357 U.S.A. Tel: +1 718 747 34 54 Fax: +1 718 747 34 58 www.skanska.com Skanska Latin America Av. Del Libertador 2442, Piso 5 AR-B1636DSR Buenos Aires Argentina Tel: +54 11 4341 7000 Fax: +54 11 4341 7355 www.skanska.com.ar Skanska Residential Development Nordic SE-169 83 Solna Sweden Street address: Råsundavägen 2 Tel: +46 10 448 00 00 Fax: +46 8 504 361 99 www.skanska.com/homes Skanska Commercial Development Nordic SE-169 83 Solna Sweden Street address: Råsundavägen 2 Tel: +46 10 448 00 00 Fax: +46 8 753 6791 www.skanska.com/property Skanska Commercial Development Europe SE-169 83 Solna Sweden Street address: Råsundavägen 2 Tel: +46 10 448 00 00 www.skanska.com/property Skanska Infrastructure Development SE-169 83 Solna Sweden Street address: Råsundavägen 2 Tel: +46 10 448 00 00 Fax: +46 8 755 13 96 www.skanska.com/ppp Skanska Financial Services SE-169 83 Solna Sweden Street address: Råsundavägen 2 Tel: +46 10 448 00 00 Fax: +46 8 753 18 52 www.skanska.com For other addresses: www.skanska.com 164 Addresses Skanska Annual Report 2008
Annual Shareholders’ Meeting Calendar The Annual Shareholders’ Meeting of Skanska AB will be held at 4:00 p.m. on April 6, 2009 at Berwaldhallen concert hall, Dag Hammarskjölds väg 3 (formerly Strandvägen 69), Sweden. Notification and registration Shareholders who wish to participate in the Annual Meeting must be listed in the print-out of the register of shareholders maintained by Euroclear Sweden AB ( formerly VPC AB), the Swedish central securities depository and clearing organization, produced on March 31, 2009 and must notify Skanska no later than 12 noon on March 31, 2009 of their intention to participate in the Meeting. Shareholders whose shares have been registered in the name of a trustee must have requested temporary reregistration in their own name in the register of shareholders maintained by Euroclear Sweden AB as of March 31, 2009 to be entitled to participate in the Meeting. Such re-registration should be requested well in advance of March 31, 2009 from the bank or brokerage house holding the shares in trust. Notification may be sent in writing to: Skanska AB, Legal Affairs, SE-169 83 Solna, Sweden; by telephone to +46 8 753 88 14 (10 a.m.–4 p.m. CET); by fax to +46 8 753 37 52; or on the website www.skanska.com/investors The Skanska Group’s interim reports for 2009 will be published on the following dates: Three Month Report May 6, 2009 Six Month Report July 23, 2009 Nine Month Report November 5, 2009 Year-end Report February 5, 2010 The quarterly reports will be available via Skanska’s website: www.skanska.com/investors, and can also be ordered from Skanska AB, Investor Relations. If you have questions, please contact: Skanska AB, Investor Relations SE-169 83 Solna, Sweden Telephone: +46 10 448 00 00 Fax: +46 8 730 41 69 E-mail: investor.relations@skanska.se More information about the Skanska Group is available at: www.skanska.com The notification must state the shareholder’s name, national registration or corporate ID number, address and telephone number. If participation is authorized by proxy, this must be sent to the Company before the Meeting. Shareholders who have duly notified the Company of their participation will receive an admittance card, which should be brought and shown at the entrance to the Meeting venue. Dividend The Board of Directors proposes a dividend of SEK 5.25 per share. The Board proposes April 9, 2009 as the record date to qualify for the dividend. Provided that the Meeting approves this proposal, the dividend is expected to be mailed by Euroclear Sweden AB on April 16, 2009. Annual Report 2008 Annual Shareholders’ Meeting and Calendar 165
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Annual Report 2008
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Contents President and CEO “Our a
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“Our ambition is to be the leadin
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In the “Group overview” section
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Infrastructure Development Skanska
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New initiatives in 2008 Skanska too
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Risk management procedures Risk man
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Green construction is booming Green
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To facilitate recruitment work, a G
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• SIX Bygg- & Anläggningsrelater
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20 23 26 New railroad hub in Prague
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Project opportunities are also crea
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Water is one of the basic necessiti
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The United States The American cons
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Skanska Annual Report 2008 Construc
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30 32 33 A sedate, small-scale neig
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Product platforms In residential co
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Ullstorps Gårdar attracting famili
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36 39 40 First LEED building in the
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property investors. Land value also
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In Poland, vacancies fell to 2 perc
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Skanska Annual Report 2008 Commerci
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46 47 49 Stimulating school environ
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The availability model In the avail
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Public-private partnership projects
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A much-anticipated highway opened T
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52 53 56 Safety training and awaren
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Posters promoting training and awar
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What a supplier says: ”As part of
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Report of the Directors Skanska Ann
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American (North and Latin America),
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Commercial Development had 18 proje
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Return on equity and return on capi
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Skanska’s first Global Trainee Pr
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Consolidated income statement SEK M
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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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only when cashed. Cash and cash equ
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operating expenses. If the amount h
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A provision is made for disputes re
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IFRS 7, “Financial Instruments: D
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Note 04 Segment reporting The divis
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Note 04 Continued B. Secondary segm
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Note 06 Financial instruments Finan
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Note 06 Continued Reconciliation wi
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Note 06 Continued Collateral The Gr
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Note 06 Continued Liquidity reserve
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Note 07 Acquisitions of shares/busi
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Note 10 Operating income Operating
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Note 13 Impairment losses/Reversals
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Note 16 Continued The net amount of
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Note 17 Continued Information about
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Note 18 Continued Goodwill impairme
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Note 20 Continued Specification of
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Note 22 Current-asset properties/Pr
Page 115 and 116: Note 23 Inventories etc. Note Equit
Page 117 and 118: Note 26 Continued Equity attributab
Page 119 and 120: Note 28 Continued The ITP 1 occupat
Page 121 and 122: Note Provisions are reported in com
Page 123 and 124: Note 32 Expected recovery periods o
Page 125 and 126: Note 34 Effect of changes in foreig
Page 127 and 128: Note 34 Continued Consolidated bala
Page 129 and 130: Not 35 Continued Relation between c
Page 131 and 132: 37 Note Remuneration to senior exec
Page 133 and 134: Note 37 Continued tion based on the
Page 135 and 136: Note 40 Continued B. Skanska as les
Page 137 and 138: Note 43 Five-year Group financial s
Page 139 and 140: Note 43 Continued Financial ratios
Page 141 and 142: Parent Company notes Note 45 Financ
Page 143 and 144: Note 51 Financial non-current asset
Page 145 and 146: Note 58 Liabilities, Parent Company
Page 147 and 148: Note 63 Related party disclosures,
Page 149 and 150: Auditors’ Report To the Annual Sh
Page 151 and 152: Corporate governance report of Skan
Page 153 and 154: For more detailed information about
Page 155 and 156: mation on the President and CEO and
Page 157 and 158: Senior Executive Team Johan Karlstr
Page 159 and 160: Sir Adrian Montague United Kingdom,
Page 161 and 162: For about SEK 1.8 billion, Skanska
Page 163 and 164: 146.9 M, about SEK 900 M, which wil
Page 165: More information about Skanska Worl
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Annual Report 2008 - Skanska

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