Annual Report 2011 - Skanska

06NoteContinuedThe role of financial instruments in the Group’s financial position andincomeFinancial instruments in the statement of financial positionThe following table presents the carrying amount of financial instruments allocatedby category as well as a reconciliation with total assets and liabilities in the statementof financial position. Derivatives subject to hedge accounting are presented separatelyboth as financial assets and financial liabilities but belong to the category“At fair value through profit and loss.” See also Note 21, “Financial assets,” Note 24,“Trade and other receivables,” Note 27, “Financial liabilities” and Note 30,“Operating liabilities.”.Assets2011Financial instrumentsInterest-bearing assets and derivativesFinancial assets 1At fair valuethroughprofit or lossHedgeaccountedderivativesHeld-tomaturityinvestmentsAvailablefor-saleassetsLoans andreceivablesTotal carryingamountFinancial investments at fair value 105 125 230Financial investments at amortized cost 1,534 1,534Financial interest-bearing receivables 6,667 6,667105 125 1,534 0 6,667 8,431Cash equivalents at fair value 0Cash 5,309 5,309105 125 1,534 0 11,976 13,740Trade accounts receivable 2 18,044 18,044Other operating receivables including sharesShares recognized as available-for-sale assets 3 38 38Other operating receivables 2, 4 159 1590 0 0 38 159 197Total financial instruments 105 125 1,534 38 30,179 31,9812010Financial instrumentsInterest-bearing assets and derivativesFinancial assets 1Financial investments at fair value 115 96 211Financial investments at amortized cost 1,241 1,241Financial interest-bearing receivables 6,950 6,950115 96 1,241 0 6,950 8,402Cash equivalents at fair value 0Cash 6,654 6,654115 96 1,241 0 13,604 15,056Trade accounts receivable 2 17,069 17,069Other operating receivables including sharesShares recognized as available-for-sale assets 3 41 41Other operating receivables 2, 4 154 1540 0 0 41 154 195Total financial instruments 115 96 1,241 41 30,827 32,320The difference between fair value and carrying amount for financial assets is marginal.1 The carrying amount for financial assets excluding shares, totaling SEK 8,431 M (8,402) can be seen in Note 21, “Financial assets.”2 See Note 24, “Trade and other receivables.”3 The shares are recognized at cost. The shares are reported in the consolidated statement of financial position among financial assets. See also Note 21, “Financial assets.”4 In the consolidated statement of financial position, SEK 22,638 M (21,304) was reported as “Trade and other receivables.” See Note 24, “Trade and other receivables.” Of this amount, SEK 18,044 M(17,069) was trade accounts receivable. These were reported as financial instruments. The remaining amount was SEK 4,594 M (4,235) and was allocated between SEK 159 M (154) in financial instrumentsand SEK 4,435 M (4,081) in non-financial instruments. The amount reported as financial instruments included accrued interest income, deposits etc. Reported as non-financial items were, forexample, interim items other than accrued interest, VAT receivables, pension-related receivables and other employee-related receivables.124 Notes, including accounting and valuation principles Skanska Annual Report 2011