Review of 2012 – EUR - 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”).Property, plant and equipment by asset class2012 2011Property 244.2 209.8Plant and equipment 663.1 562.4Property, plant and equipment under construction 17.1 14.8Total 924.4 787.0Impairment losses/reversals of impairment losses on property, plantand equipmentDuring 2012, net impairment losses in the amount of EUR –3.3 M (–1.6) wererecognized.All impairment losses /reversals of impairment losses were recognized under“Cost of sales.”Property Plant and equipment TotalImpairment losses/reversals ofimpairment losses 2012 2011 2012 2011 2012 2011Impairment losses –1.8 –0.8 –2.5 –0.9 –4.4 –1.7Reversals of impairment0.1 1.0 1.0 0.1lossesTotal –1.8 –0.7 –1.5 –0.9 –3.3 –1.6Depreciation of property, plant and equipment by asset class andfunctionSelling andCost of sales administrationTotal2012 2011 2012 2011 2012 2011Property –6.4 –7.5 –2.2 –1.6 –8.6 –9.1Plant and equipment –143.9 –124.5 –13.2 –10.9 –157.2 –135.3Total –150.4 –132.0 –15.4 –12.4 –165.8 –144.4Amount of impairment losses/reversals of impairment lossesbased on 2012 2011 2012 2011 2012 2011Net realizable value –1.8 –0.8 –2.5 –1.0 –4.4 –1.8Value in use 0.1 1.0 0.1 1.0 0.2Total –1.8 –0.7 –1.5 –0.9 –3.3 –1.6Information about cost, accumulated amortization and accumulated impairment lossesPropertyPlant and equipmentProperty, plant and equipmentunder construction2012 2011 2012 2011 2012 2011Accumulated costJanuary 1 336.0 306.8 1,935.6 1,715.7 14.8 6.9Investments 29.4 25.3 248.9 203.2 25.4 16.1Acquisitions of companies 7.1 9.2 0.1 32.0Divestments –0.8 –1.8 –54.5 –10.3 –2.8 –0.4Reclassifications 10.8 –1.8 24.8 –7.9 –20.4 –7.9Exchange-rate differences for the year 8.3 –1.7 50.2 2.8 0.1 0.2390.8 336.0 2,205.2 1,935.6 17.1 14.8Accumulated depreciationJanuary 1 –111.1 –102.9 –1,364.0 –1,247.9Divestments and disposals 0.2 0.3 39.1 3.7Reclassifications 0.2 –0.2 –1.7 18.7Depreciation for the year –8.6 –9.1 –156.8 –135.3Exchange-rate differences for the year –3.9 0.7 –37.1 –3.2–123.2 –111.1 –1,520.6 –1,364.0Accumulated impairment lossesJanuary 1 –15.0 –14.8 –9.2 –8.7Divestments –2.2 0.2Reclassifications –6.0 –7.7 –0.1Impairment losses/reversals of impairment losses for theyear –1.8 –0.7 –1.5 –0.9Exchange-rate differences for the year –0.6 0.4 –1.0 0.2–23.4 –15.0 –21.5 –9.2Carrying amount, December 31 244.2 209.8 663.1 562.4 17.1 14.8Carrying amount, January 1 209.8 189.2 562.4 459.2 14.8 6.9Other 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 EUR 44.1 M (10.2).Skanska did not receive any compensation from third parties for property, plant and equipment that was damaged or lost, either in 2012 or 2011.132 Notes, including accounting and valuation principles Skanska Review of 2012 – EUR version