Annual Report 2011 - Skanska

Note17Property, plant and equipmentProperty, plant and equipment are reported in compliance with IAS 16, “Property,Plant and Equipment.” See Note 1, “Accounting and valuation principles.”Office buildings and other buildings used in the Group’s business are recognizedas property, plant and equipment.Machinery and equipment are recognized as a single item (“Plant and equipment”).Impairment losses/reversals of impairment losses on property, plantand equipmentDuring 2011, net impairment losses in the amount of SEK -14 M (-13) were recognized.All impairment losses /reversals of impairment losses were recognized under“Cost of sales.”Property, plant and equipment by asset class2011 2010Property 1,871 1,705Plant and equipment 5,015 4,139Property, plant and equipment under construction 132 62Total 7,018 5,906Depreciation of property, plant and equipment by asset classand functionSelling andCost of sales administrationTotal2011 2010 2011 2010 2011 2010Property –68 –65 –14 –18 –82 –83Plant and equipment –1,124 –1,025 –98 –114 –1,222 –1,139Total –1,192 –1,090 –112 –132 –1,304 –1,222Property Plant and equipment TotalImpairment losses/reversalsof impairment losses 2011 2010 2011 2010 2011 2010Impairment losses –7 –15 –8 –6 –15 –21Reversals of impairment 1 5 3 1 8lossesTotal –6 –10 –8 –3 –14 –13Amount of impairmentlosses/reversals of impairmentlosses based on 2011 2010 2011 2010 2011 2010Net realizable value –7 –15 –9 –3 –16 –18Value in use 1 5 1 0 2 5Total –6 –10 –8 –3 –14 –13Information about cost, accumulated depreciation, accumulated revaluation and accumulated impairment lossesPropertyPlant and equipmentProperty, plant and equipmentunder construction2011 2010 2011 2010 2011 2010Accumulated costJanuary 1 2,765 2,887 15,464 15,860 62 47Investments 228 116 1,835 1,145 145 90Acquisitions of companies 83 289Divestments –16 –88 –93 –148 –4Reclassifications –16 37 –71 –570 –71 –75Exchange rate differences for the year –48 –187 –164 –8232,996 2,765 17,260 15,464 132 62Accumulated depreciationJanuary 1 –927 –924 –11,247 –11,357Divestments and disposals 3 10 33 42Reclassifications –2 17 169 636Depreciation for the year –82 –83 –1,222 –1,139Exchange rate differences for the year 17 53 104 571–991 –927 –12,163 –11,247Accumulated impairment lossesJanuary 1 –133 –131 –78 –79Divestments 1 2Reclassifications –1 –2Impairment losses/reversals of impairment losses for the year –6 –10 –8 –3Exchange rate differences for the year 5 7 3 6–134 –133 –82 –78Carrying amount, December 31 1,871 1,705 5,015 4,139 132 62Carrying amount, January 1 1,705 1,832 4,139 4,424 62 47Other mattersInformation about capitalized interest is presented in Note 15, “Borrowing costs.”For information on finance leases, see Note 40, “Leases.”Skanska has obligations to acquire property, plant and equipment in the amount of SEK 0 M (0).Skanska did not receive any compensation from third parties for property, plant and equipment that was damaged or lost, either in 2011 or 2010.Skanska Annual Report 2011 Notes, including accounting and valuation principles 135