Annual Report 2011 - Skanska

Note42Consolidatedquarterly resultsSEK M2011 2010Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1Order bookings 41,000 34,143 26,845 21,599 28,989 28,831 46,835 25,638IncomeRevenue 36,058 30,592 29,243 22,841 34,541 32,158 30,071 25,454Cost of sales –32,512 –27,660 –26,277 –20,961 –30,830 –28,787 –27,075 –23,082Gross income 3,546 2,932 2,966 1,880 3,711 3,371 2,996 2,372Selling and administrative expenses –2,274 –1,841 –1,940 –1,798 –2,144 –1,790 –1,875 –1,724Income from joint ventures andassociated companies 126 110 4,610 96 85 82 164 210Operating income 1,398 1,201 5,636 178 1,652 1,663 1,285 858Interest income 71 61 48 55 71 75 60 71Interest expenses –63 –51 –48 –42 –90 –63 –34 –28Change in fair value 10 4 14 3 3 –13 –13 –13Other financial items –22 –8 –4 –16 –3 –39 –5 –14Net financial items –4 6 10 0 –19 –40 8 16Income after financial items 1,394 1,207 5,646 178 1,633 1,623 1,293 874Taxes –298 –254 –232 –46 –372 –417 –361 –245Profit for the period 1,096 953 5,414 132 1,261 1,206 932 629Profit for the period attributable toEquity holders 1,093 952 5,412 132 1,259 1,204 930 629Non-controlling interests 3 1 2 0 2 2 2 0Other comprehensive incomeTranslation differences attributable to equity holders –585 199 590 –662 –108 –1270 100 –531Translation differences attributable tonon-controlling interests –7 –1 5 2 –5 0 –5 –5Hedging of exchange rate risk in foreign operations 161 –57 –222 224 –12 286 –25 114Effects of actuarial gains and losses on pensions –440 –1934 –511 –221 1673 –99 –930 245Effects of cash flow hedges –144 –920 –245 –17 433 –167 –379 240Tax attributable to other comprehensive income 101 556 148 63 –466 12 308 –147Other comprehensive income for the period –914 –2157 –235 –611 1515 –1238 –931 –84Total comprehensive income for the period 182 –1,204 5,179 –479 2,776 –32 1 545Total comprehensive income for the periodattributable toEquity holders 186 –1,204 5172 –481 2,779 –34 4 550Non-controlling interests –4 0 7 2 –3 2 –3 –5Order backlog 155,698 147,545 139,429 139,426 145,937 147,900 160,392 137,749Capital employed 30,164 29,099 28,879 26,861 25,723 26,084 25,364 27,041Interest-bearing net receivables 2,929 2,065 4,507 5,708 9,914 4,384 6,109 8,832Debt-equity ratio –0.1 –0.1 –0.2 –0.3 –0.5 –0.2 –0.3 –0.4Return on capital employed, % 30.6 23.8 25.8 27.3 21.6 20.1 20.2 23.3Cash flowCash flow from operating activities 3,319 –346 –214 –2,514 4,848 461 526 403Cash flow from investing activities –1,686 –603 4,099 –892 –486 –1,806 –371 –1,187Cash flow from financing activities 421 –487 –3,698 1,326 –1,987 697 –2,694 –904Cash flow for the period 2,054 –1,436 187 –2,080 2,375 –648 –2,539 –1,688164 Notes, including accounting and valuation principles Skanska Annual Report 2011