Skanska Annual Report 2003

Note 31Expected recovery periods on assets, provisions and liabilitiesGroupWithin 12 monthsAmount expected to be recovered 12 months or longer TotalAssetsIntangible fixed assets 1 400 4,318 4,718Tangible fixed assets 1 1,350 5,380 6,730Financial fixed asetsHoldings in joint ventures andassociated companies 2 1,374 1,374Other long-term holdings of securities 2 76 76Receivables from joint ventures andassociated companies 3 224 224Deferred tax claims 4 1,539 1,539Other long-term receivables 0 1,732 1,7320 4,945 4,945Current-asset properties 5 6,000 7,694 13,694Inventories 789 39 828Current receivables 6Accounts receivable 18,422 59 18,481Current receivables from associatedcompanies and joint ventures 430 102 532Recognized but uninvoiced revenue 4,623 191 4,814Tax claims 415 415Other current receivables 2,820 434 3,254Accrued revenues and prepaid expenses 1,261 29 1,29027,971 815 28,786Short-term investments 218 218Cash and bank balances 6,819 6,819Total assets 43,547 23,191 66,738More than fiveWithin 12 months five yearsAmounts expected to be paid 12 months to five years (liabilities) TotalProvisionsProvisions for pensionsand similar commitments 200 1,858 2,058Provisions for taxes 3,104 3,104Other provisions 2,473 757 3,2302,673 5,719 8,392LiabilitiesLong-term liabilitiesBond loans 1,421 4,353 5,774Liabilities to credit institutions 49 509 415 973Other liabilities 33 399 3 4351,503 5,261 418 7,182Current liabilitiesLiabilities to credit institutions 691 691Advance payments from customers 1,455 55 1,510Accounts payable 14,017 2 14,019Liabilities to joint ventures 11 3 14Liabilities to associated companies 6 6Tax liabilities 571 571Invoiced but unrecognized revenue 9,311 9,311Other liabilities 3,591 217 43 3,851Accrued expenses and prepaid revenues 6,690 132 6,82236,343 409 43 36,795Total liabilities and provisions 40,519 11,389 461 52,3691 In case of amounts expected to be recovered within twelve months, expected annualdepreciation/amortization has been reported.2 No portion of this amount is expected to be recovered within twelve months.3 No portion of this amount is expected to be recovered within twelve months, since this lendingis treated as long-term.4 Deferred tax claims are expected to be recovered in their entirety in more than twelve months.5 Recovery within one year on current-asset properties is based on a historical assessment fromthe past three years.6 Current receivables that fall due in more than twelve months are part of the operating cycle andare thus reported as current.Parent companyWithin 12 monthsAmount expected to be recovered 12 months or longer TotalIntangible fixed assets 1 1 17 18Tangible fixed assets 1 2 9 11Financial fixed asetsHoldings in Group companies andjoint ventures 2 10,565 10,565Receivable from Group companies 3 2,834 2,834Other long-term receivables 45 45Deferred tax claims 79 790 13,523 13,523Current receivablesCurrent receivables from Group companies 17 17Other current receivables 23 23Accrued revenues and prepaid expenses 8 848 0 48Total assets 51 13,549 13,600More than fiveWithin 12 months five yearsAmounts expected to be paid 12 months to five years (liabilities) TotalProvisionsProvisions for pensionsand similar commitments 69 212 281Provisions for taxes 11 11Other provisions 25 52 7794 275 369LiabilitiesLong-term liabilitiesLiabilities to credit institutions 15 236 251Liabilities to Group companies 4 3,533 3,53315 236 3,533 3,784Current liabilitiesAccounts payable 11 11Liabilities to Group companies 3 3Tax liabilities 9 9Other liabilities 3 3Accrued expenses and prepaid revenues 28 2854 0 0 54Total liabilities and provisions 163 511 3,533 4,2071 In case of amounts expected to be recovered within twelve months, expected annualdepreciation/amortization has been reported.2 No portion of this amount is expected to be recovered within twelve months.3 No portion of this amount is expected to be recovered within twelve months, since this lendingis treated as long-term.4 Intra-Group long-term interest-bearing liabilities are treated as if they fall due more than fiveyears after the balance sheet date.Note 32Assets pledgedAssets pledged, contingent liabilities and contingent assetsGroup 2003 2002Mortgages, fixed-asset properties 1 12Mortgages, current-asset properties 91 620Chattel mortgages 39 25Shares and participations 668 1Short-term investments 3 3Receivables 613 1,133Total 1,415 1,794The use of shares and participations as pledged assets referd to shares in jointventures belonging to BOT operations. These assets are pledged as collateral whenobtaining outside lending for these joint ventures.Receivables include liquid assets in escrow as collateral in conjunction withconstruction projects.74 Notes, including accounting and valuation principles – Skanska Annual Report 2003