Annual Report 2008 - Skanska

Note
04 Continued Construction
Residential
Development
Commercial
Development
Infrastructure
Development
Central and
eliminations Group total
2008 2007 2008 2007 2008 2007 2008 2007 2008 2007 2008 2007
Assets
Property, plant and equipment 6,862 5,911 6 4 11 10 17 18 23 30 6,919 5,973
Intangible assets 4,200 4,305 452 481 572 434 22 22 5,246 5,242
Investments in associated companies
and joint ventures 182 175 121 88 1 55 1,426 2,030 –218 –403 1,512 1,945
Other shares and participations 44 51 20 30 11 64 92
Interest-bearing assets 1 6,643 4,751 107 120 1,797 1,178 23 132 6,565 13,234 15,135 19,415
Current-asset properties 1,231 733 7,708 6,192 9,884 6,446 –255 –173 18,568 13,198
Tax assets 2,782 1,367 2,782 1,367
Non-interest-bearing receivables 30,411 29,069 1,483 1,497 589 277 49 43 720 823 33,252 31,709
Total assets 49,573 44,995 9,897 8,412 12,282 7,966 2,087 2,657 9,639 14,911 83,478 78,941
Liabilities
Tax liabilities 2,624 2,960 2,624 2,960
Trade and other payables and noninterest-bearing
provisions 49,563 44,252 3,591 3,976 742 687 276 132 1,528 1,376 55,700 50,423
49,563 44,252 3,591 3,976 742 687 276 132 4,152 4,336 58,324 53,383
Capital employed 10 743 6,306 4,436 11,540 7,279 1,811 2,525 5,487 10,575 25,154 25,558
Operating cash flow 2
Cash flow from operations
before investments 7,634 9,955 –998 –236 –304 –308 –138 –118 –1,159 –575 5,035 8,718
Net investments in the business –1,854 –1,045 –671 423 –1,983 367 887 105 –9 35 –3,630 –115
Adjustments in payment dates
of net investments 135 –130 –74 195 –41 239 –12 20 292
Taxes paid in business operations –1,788 –1,128 –1,788 –1,128
Cash flow from business operations 5,915 8,780 –1,743 382 –2,328 298 749 –13 –2,956 –1,680 –363 7,767
Net strategic investments –1 –72 –2 190 –3 118
Taxes paid on strategic divestments –17 0 –17
Cash flow from strategic investments –1 –72 0 0 0 0 0 0 –2 173 –3 101
Cash flow before financing operations
and dividends 5,914 8,708 –1,743 382 –2,328 298 749 –13 –2,958 –1,507 –366 7,868
Net investments
Investments –2,897 –2,305 –4,303 –4,993 –5,556 –2,440 –396 –73 –30 9 –13,182 –9,802
Divestments 1,042 1,188 3,632 5,416 3,573 2,807 1,283 178 19 216 9,549 9,805
Net investments –1,855 –1,117 –671 423 –1,983 367 887 105 –11 225 –3,633 3
Order bookings 126,524 143,379 65 3,309 126,589 146,688
Order backlog 142,402 145,968 6 199 142,408 146,167
Employees 56,482 57,857 676 565 176 141 133 121 348 1,751 57,815 60,435
1 Including external cash and cash equivalents, excluding deposits in Skanska’s treasury unit.
2 Taxes paid by the Group are included in the item “Central and eliminations.”
86 Notes, including accounting and valuation principles Skanska Annual Report 2008