Annual Report 2011 - Skanska

34NoteContinuedConsolidated statement of financial position by currency, SEK billionThe consolidated total assets and liabilities/equity decreased by SEK 0.6 billion during the year due to changes in exchange rates. The Swedish krona appreciated againstessentially all of the Group’s currencies.OtherDec 31, 2011 USD GBP EUR NOK CZK PLN DKKforeigncurrencies 1Hedgeloans 2 SEK TotalAssetsProperty, plant and equipment 1.0 0.2 0.6 1.2 1.0 0.4 0.1 0.7 1.8 7.0Intangible assets 1.4 1.4 0.5 1.5 0.6 0.1 –0.5 0.2 5.2Shares and participations 0.7 0.6 0.2 0.2 0.9 2.6Interest-bearing receivables 9.9 4.1 1.1 2.1 1.0 4.2 0.2 –15.8 1.4 8.2Current-asset properties 1.6 0.4 6.6 2.2 0.7 0.2 0.8 0.0 10.9 23.4Non-interest-bearing receivables 7.9 2.6 2.8 4.3 2.4 1.8 0.1 3.4 5.8 31.1Cash and cash equivalents 1.7 0.0 0.2 0.2 0.3 0.1 0.2 2.6 5.3Total 23.5 9.4 12.4 11.7 6.0 6.8 1.2 –11.8 23.6 82.8Equity and liabilitiesEquity attributable to equity holders 3 5.0 0.2 4.1 3.4 2.9 2.1 0.4 1.2 0.1 19.4Non-controlling interests 0.1 0.1 0.0 0.2Interest-bearing liabilities 3.9 2.3 4.0 2.6 0.0 0.8 0.5 –15.7 2.3 9.9 10.6Non-interest-bearing liabilities 14.6 6.9 4.3 5.7 3.0 3.9 0.3 2.6 11.3 52.6Total 23.5 9.4 12.4 11.7 6.0 6.8 1.2 –11.8 2.3 21.3 82.8OtherDec 31, 2010 USD GBP EUR NOK CZK PLN DKKforeigncurrencies 1Hedgeloans 2 SEK TotalAssetsProperty, plant and equipment 1.2 0.2 0.4 0.8 1.0 0.3 0.1 0.4 1.5 5.9Intangible assets 0.3 1.4 0.3 1.5 0.5 0.1 0.2 4.3Shares and participations 0.6 0.2 1.2 –0.2 1.8Interest-bearing receivables 8.5 4.0 2.2 2.2 0.1 5.0 0.3 –14.8 0.7 8.2Current-asset properties 0.6 4.6 1.9 0.8 0.1 0.7 0.0 11.7 20.4Non-interest-bearing receivables 6.9 2.5 3.0 3.0 3.9 1.7 0.1 2.7 5.6 29.4Cash and cash equivalents 2.7 0.1 0.2 0.4 0.2 0.1 2.9 6.6Assets held for sale 1.1 1.1Total 20.2 8.2 11.1 9.8 6.7 7.3 1.2 –10.3 23.5 77.7Equity and liabilitiesEquity attributable to equity holders 3 4.4 0.6 4.0 3.5 3.1 2.0 0.4 2.6 0.1 20.7Non-controlling interests 0.1 0.0 0.1Interest-bearing liabilities 1.3 1.6 3.4 1.3 0.1 0.4 0.4 –14.9 2.1 9.2 4.9Non-interest-bearing liabilities 14.5 6.0 3.7 5.0 3.4 4.9 0.4 2.0 12.1 52.0Total 20.2 8.2 11.1 9.8 6.7 7.3 1.2 –10.3 2.1 21.4 77.71 Including elimination of intra-Group receivables and liabilities.2 Aside from hedge loans in EUR and GBP (EUR and GBP), Skanska hedged equity in foreign currencies via forward contracts amounting to SEK 5.4 (6.6) billion before taxes, allocated among USD 1.9(1.9), EUR 0.2 (0.0), CZK 1.2 (1.1), PLN 0.7 (0.6), NOK 1.2 (1.5) and CLP 0.2 (1.4) billion.3 The respective currencies are calculated including Group goodwill and the net amount of Group surpluses after subtracting deferred taxesEffect on the Group of change in SEK against other currencies andchange in USD against SEKThe following sensitivity analysis, based on the 2011 income statement andstatement of financial position, shows the sensitivity of the Group to a unilateral10 percent change in the SEK against all currencies as well as a unilateral 10 percentchange in the USD against the SEK.Other mattersFor information on the translation reserve in equity, see Note 26, “Equity/Earningsper share.”SEK billion +/– 10% of which USD +/– 10%Revenue +/– 9.1 +/– 3.2Operating income +/– 0.2 +/– 0.1Equity +/– 1.4 +/– 0.4154 Notes, including accounting and valuation principles Skanska Annual Report 2011