NCC Group — Interim / Quarterly Report 2012

Apr 18, 2013

Income statement

Gro up	201 2	Ch ang e	IAS 19R	201 2	Ch ang e	IAS 19R	201 2	Ch ang e	IAS 19R	201 2	Ch ang e	IAS 19R
SE K M	De c.		De c. 2 012	Se p.		Se 201 2 p.	Jun		Jun . 20 12	Ma r.		Ma r. 2 012
N ale et s s	57, 227		57, 227	38, 157		38, 157	24, 392		24, 392	10, 659		10, 659
P rod uct ion sts co	-51 ,72 4	7 -	51, 731 -	34, 863 -	6 -	34, 868 -	22, 516 -	6 -	22, 522 -	10, 071 -	4 -	10, 075 -
Gro fit ss pro	5, 503	7 -	5, 495	3, 295	6 -	3, 289	1, 877	6 -	1, 870	588	4 -	584
S elli and ad min istr ativ ng e e xpe nse s	-2,9 78	11 -	2,9 88 -	2,0 98 -	9 -	2,1 07 -	1,4 94 -	8 -	1,5 02 -	723 -	5 -	728 -
lt fr R les rtie esu om sa pr ope s	3		3	1 -		1 -
Im irm los fixe d a ent ts pa ses sse ,	-2		2 -	5		5
R lt fr les of Gro ies esu om sa up com pan	6		6				5		5	5		5
R lt fr rtic ipa tion s in iate d c ies esu om pa as soc om pan	5		5	2		2
Op tin rof it/lo era g p ss	2, 537	18 -	2, 519	1, 202	15 -	1, 187	387	14 -	373	130 -	9 -	139 -
F ina nci al i nco me	141		141	96		96	60		60	32		32
F ina nci al e xpe nse	-41 5	33	382 -	288 -	25	263 -	171 -	17	154 -	73 -	8	65 -
Net fin ial item anc s	-27 4	33	241 -	192 -	25	167 -	111 -	17	95 -	42 -	8	33 -
Pro fit/ los fte r fi cia l ite s a nan ms	2, 263	15	2, 277	1, 010	10	1, 020	276	2	278	171 -	1 -	173 -
T fit/l for the riod net ax on pro oss pe	364 -	4 -	367 -	236 -	3 -	239 -	65 -	1 -	66 -	41		41

Other comprehensive income

Gro up	201 2	Ch ang e	IAS 19R	201 2	Ch ang e	IAS 19R	201 2	Ch ang e	IAS 19R	201 2	Ch ang e	IAS 19R
SE K M	De c.		De c. 2 012	Se p.		Se 201 2 p.	Ju n.		Ju n. 2 012	Ma r.		Ma r. 2 012
Pro fit/ los s fo r th eri od e p	1, 899	11	1, 910	773	7	781	210	2	212	131 -	1 -	131 -
Item hat ha s b be led s t een or ma y rec yc ofi t/lo for eri to th od pr ss e p
E xch e d iffe nsl atin for eig tra ang ren ces on g n
atio o per ns	-78	1 -	79 -	142 -	2	140 -	29 -	1	29 -	12 -		12 -
G ain /los n h edg ing of han ris k in fo reig rate s o exc ge- n rati ope ons	37		37	64		64	16		16	8		8
F air val cha s fo r th erio d in sh flow he dge ue nge e p ca s	-20		20 -	20 -		20 -	4 -		4 -	2		2
T ibu tab le t o it s th at h bee attr ax em as n o r m ay
fit/l be led to fo r th erio d rec yc pro oss e p	7 -		7 -	12 -		12 -	3 -	0	3 -	3 -		3 -
	-68	1 -	69 -	110 -	2	108 -	20 -	1	19 -	4 -	0	5 -
Item hat be led s t ot to ma y n rec yc
rof it/lo for th eri od p ss e p
R lua tion of def ine d-b fit p ion lan eva ene ens p s		137 -	-13 7		124 -	124 -		157 -	157 -		12	12
T ibu tab le t o it s th be attr at m not ax em ay
led fit/l fo r th erio d to rec yc pro oss e p		-27	27 -		35	35		43	43		3 -	3 -
		-16 4	164 -		89 -	89 -		113 -	113 -		9	9
Oth reh ive inc er co mp ens om e	-68	165 -	233 -	110 -	88 -	197 -	20 -	113 -	133 -	4 -	9	4
Oth reh ive inc e fo r th eri od er co mp ens om e p	1, 831	154 -	1, 677	664	80 -	584	191	111 -	80	135 -	8	127 -
Att rib ble uta to :
CC N 's s har eho lde rs	1, 825	154 -	1, 672	662	80 -	582	190	111 -	79	135 -	8	127 -
N llin iter tro est on con g s	5		5	2		2	1		1	0		0
Pro fit/ los s fo r th eri od e p	1, 831	154 -	1, 677	664	80 -	584	191	111 -	80	135 -	8	127 -

Ba lan she et ce
Grou p	2012	Cha nge	IAS1 9R	201 2	Cha nge	IAS1 9R	201 2	Cha nge	IAS1 9R	201 2	Cha nge	IAS1 9R	201 1	Cha nge	IAS1 9R
SEK M GÅN	Dec		Dec . 201 2	Sep		Sep . 201 2	Jun		Jun . 201 2	Mar		Mar . 201 2	Dec		Dec . 201 1
TILL GAR
Anlä ggni ngst illgå ngar
Go odw ill	1,82 7		1,82 7	1,78 6		1,78 6	1,60 3		1,60 3	1,60 5		1,60 5	1,60 7		1,60 7
Ot her i gible ntan ets ass	204		204	185		185	183		183	170		170	167		167
Ow ied p rties ner-o ccup rope	662		662	639		639	629		629	615		615	596		596
Ma chin nd e quip t ery a men	2,39 5		2,39 5	2,28 9		2,28 9	2,30 6		2,30 6	2,22 9		2,22 9	2,20 9		2,20 9
Ot her l term hold ning s of rities ong- secu	167		167	170		170	193		193	217		217	181		181
Lo rm in t-bea ring ivab les ng-te teres rece	149	-22	127	132	-22	111	118	-6	112	119	20	139	142	32	174
Lo rm in t-fre eiva bles ng-te teres e rec	1,42 9	-1,3 27	103	1,46 1	-1,3 15	145	1,40 7	-1,3 02	105	1,41 2	-1,3 07	104	1,41 7	-1,2 96	121
De ferre d tax ets ass	281	104	385	151	139	290	141	147	288	161	108	270	191	102	293
Tota l fixe d as sets	7,11 4	-1,2 44	5,87 0	6,81 4	-1,1 98	5,61 6	6,58 0	-1,1 61	5,41 9	6,52 7	-1,1 79	5,34 8	6,51 1	-1,1 62	5,34 8
Curr ent a sset s
Pr ojec ty pr ts oper	5,32 1		5,32 1	5,32 3		5,32 3	4,95 1		4,95 1	4,55 4		4,55 4	4,47 5		4,47 5
Ho usin jects g pro	11,7 38		11,7 38	12,5 10		12,5 10	11,7 21		11,7 21	11,0 38		11,0 38	9,86 0		9,86 0
Ma teria ls an d inv ries ento	655		655	716		716	748		748	737		737	557		557
Ta eiva bles x rec	54		54	179		179	132		132	81		81	23		23
Ac ceiva ble ts re coun	7,72 5		7,72 5	8,21 0		8,21 0	7,83 5		7,83 5	5,77 8		5,77 8	7,26 5		7,26 5
W orke d-up -invo iced , non reve nues	782		782	1,31 5		1,31 5	1,25 6		1,25 6	964		964	910		910
Pr epai d ex nd a ed in pens es a ccru com e	1,54 4		1,54 4	1,36 0		1,36 0	1,21 8		1,21 8	1,08 4		1,08 4	1,11 4		1,11 4
Ot her r ecei vabl es	1,22 3		1,22 3	1,45 3		1,45 3	1,34 0		1,34 0	1,13 3		1,13 3	1,12 7		1,12 7
Sh ort-t inve stme nts erm	168		168	115		115	188		188	164		164	285		285
Ca sh a nd c ash equi vale nts	2,63 4		2,63 4	1,10 3		1,10 3	1,12 6		1,12 6	1,26 3		1,26 3	796		796
Tota l cur rent ets ass	31,8 44		31,8 44	32,2 84		32,2 84	30,5 15		30,5 15	26,7 97		26,7 97	26,4 14		26,4 14
SSE TS TOT AL A	38,9 58	-1,2 44	37,7 13	39,0 98	-1,1 98	37,9 00	37,0 95	-1,1 61	35,9 33	33,3 24	-1,1 79	32,1 45	32,9 24	-1,1 62	31,7 62
EQU ITY
Sha reho dler s' eq uity	8,97 4	-1,3 40	7,63 4	7,80 9	-1,2 66	6,54 3	7,33 6	-1,2 97	6,03 9	8,15 1	-1,1 78	6,97 3	8,28 6	-1,1 86	7,10 0
No ntrol ling inter ests n-co	15		15	12		12	12		12	11		11	11		11
Tota l sha reho lder s' eq uity	8,98 8	-1,3 40	7,64 9	7,82 2	-1,2 66	6,55 6	7,34 8	-1,2 97	6,05 1	8,16 2	-1,1 78	6,98 4	8,29 7	-1,1 86	7,11 1
LIAB ILITI ES
Long liab ilities -term
Lo ng-te rm in teres t-bea ring liabi lities	7,10 2		7,10 2	6,12 5		6,12 5	5,98 1		5,98 1	4,01 5		4,01 5	3,85 0		3,85 0
Ot her l term liab ilities ong-	841		841	1,17 2		1,17 2	820		820	821		821	643		643
De ferre d tax liab ilities	725	-288	436	734	-316	417	604	-319	285	558	-313	245	669	-322	347
Pr ovis ions for p ensi ons	9	383	393	11	384	396	9	454	464	9	312	321	6	345	351
Ot her p rovis ions	2,43 5		2,43 5	2,24 9		2,24 9	2,28 2		2,28 2	2,42 3		2,42 3	2,61 9		2,61 9
Tota l lon g-te rm l iabil ities	11,1 13	95	11,2 08	10,2 92	68	10,3 60	9,69 6	135	9,83 1	7,82 5	-1	7,82 4	7,78 8	24	7,81 1
Curr ent l iabil ities
Cu rrent inte rest- bear ing l iabil ities	2,14 1		2,14 1	4,46 9		4,46 9	4,19 8		4,19 8	3,03 5		3,03 5	1,58 5		1,58 5
Ac yabl ts pa coun e	4,65 9		4,65 9	4,74 1		4,74 1	4,80 5		4,80 5	3,52 6		3,52 6	4,13 1		4,13 1
Ta x lia bilitie s	122		122	48		48	37		37	37		37	60		60
Inv oice d rev t wo rked enue s, no -up	4,24 1		4,24 1	5,01 2		5,01 2	4,70 9		4,70 9	4,55 0		4,55 0	4,17 6		4,17 6
Ac d ex nd d efer red i crue pens es a ncom e	3,74 8		3,74 8	2,97 6		2,97 6	3,18 1		3,18 1	3,14 8		3,14 8	3,27 4		3,27 4
Pr ovis ions										5		5	3		3
Ot her c t liab ilities urren	3,94 5		3,94 5	3,73 9	0	3,73 9	3,12 0		3,12 0	3,03 6		3,03 6	3,61 1		3,61 1
Tota l cur rent liab ilitie s	18,8 55		18,8 55	20,9 85	0	20,9 85	20,0 51		20,0 51	17,3 37		17,3 37	16,8 39		16,8 39
l liab ilitie Tota s	29,9 68	95	30,0 63	31,2 76	68	31,3 44	29,7 47	135	29,8 82	25,1 62	-1	25,1 61	24,6 27	24	24,6 51
TOT AL S HAR EHO LDE RS' EQU ITY A ND
LIAB ILITI ES	38,9 58	-1,2 44	37,7 13	39,0 98	-1,1 98	37,9 00	37,0 95	-1,1 61	35,9 33	33,3 24	-1,1 79	32,1 45	32,9 24	-1,1 62	31,7 62
ASS ETS PLE DGE D	1,34 4		1,34 4	1,51 1		1,51 1	1,61 7		1,61 7	1,65 1		1,65 1	1,52 2		1,52 2
CON IES TING ENT LIA BLIT	1,44 6		1,44 6	1,30 0		1,30 0	1,79 6		1,79 6	1,70 9		1,70 9	1,35 3		1,35 3
Retu ity rn on equ	23		27
Retu ital e mplo yed rn on	15		16
cap Equi ty/as set r atio, %	23
Net inde bted	-6,06 1		20 67	20 24		17 30	20 19		17 79	24 01		22 93	25 60		22 74
ness Debt imes		-406	-6,4	-9,0	-406	-9,4	-8,5	-461	-8,9	-5,2	-292	-5,4	-3,9	-313	-4,2
/equ ity ra tio, t	0.7		0.8	1.2		1.4	1.2		1.5	0.6		0.8	0.5		0.6

Capital employed at period end 18,241 -956 17,285 18,427 -882 17,545 17,536 -842 16,694 15,220 -866 14,354 13,739 -840 12,898

Specification over equity

Gro up	201 2	Cha nge	IAS 19R	201 2	Cha nge	IAS 19R	201 2	Cha nge	IAS 19R	201 2	Cha nge	IAS 19R	201 1	Cha nge	IAS 19R
SEK M	Dec		De c. 2 012	Sep		Sep . 20 12	Jun		Jun . 20 12	Ma r.		Ma r. 20 12	De c.		De c. 2 011
Ope ning ba lanc of Jan y 1s t e as uar	8,2 97	-1,1 86	7,1 11	8,2 97	-1,1 86	7,1 11	8,2 97	-1,1 86	7,1 11	8,2 97	-1,1 86	7,1 11	8,1 32		8,13 2
A djus nt fo r ch ed a unti rinc iple tme ang cco ng p														-1,1 86	-1,1 86
T acti ibut able ollin attr to n ontr rans ons on-c g
i nter ests													-11		-11
O ther preh ive inco for t he p erio d com ens me	1,8 31	-15 4	1,6 77	664	-80	584	191	-11 1	80	-13 5	8	-12 7	1,2 57		1,2 57
D ivide nd	-1,0 85		-1,0 85	-1,0 85		-1,0 85	-1,0 84		-1,0 84				-1,0 85		-1,0 85
A isitio n/sa le o f tre hare cqu asu ry s s	-56		-56	-56		-56	-56		-56				3		3
P erfo bas ed i ntiv rma nce nce e pr ogra m	2		2	2		2
Clo sing ba lanc of iod end e as per	8,9 88	-1,3 40	7,6 49	7,8 22	-1,2 66	6,5 56	7,3 48	-1,2 97	6,0 51	8,1 62	-1,1 78	6,9 84	8,2 97	-1,1 86	7,1 11

Cash Flow

Group	2012	Change	IAS19R	2012	Change	IAS19R	2012	Change	IAS19R	2012	Change	IAS19R
SEK M	Dec.		Dec. 2012	Sep.		Sep. 2012	Jun.		Jun. 2012	Mar.		Mar. 2012
OPERATING ACTIVITIES
Profit/loss after financial items	2,263	15	2,277	1,010	10	1,020	276	2	278	-171	-1	-173
Adjustments for items not included in cash flow	563	-15	548	271	-10	261	-24	-2	-26	-119	1	-118
Taxes paid	-367		-367	-299		-299	-211		-211	-120		-120
Cash flow from operating activities before changes in working capital	2,458	0	2,458	982	0	982	40	0	40	-411	0	-411
Cash flow from changes in working capital
Sales of property projects	1,764		1,764	1,039		1,039	1,027		1,027	743		743
Investments in property projects	-2,692		-2,692	-1,978		-1,978	-1,288		-1,288	-630		-630
Sales of housing projects	6,951		6,951	3,351		3,351	2,193		2,193	871		871
Investments in housing projects	-8,997		-8,997	-6,321		-6,321	-4,064		-4,064	-1,966		-1,966
Other changes in working capital	489		489	-346		-346	-937		-937	292		292
Cash flow from changes in working capital	-2,484	0	-2,484	-4,256	0	-4,256	-3,069		-3,069	-689		-689
Cash flow from operating activities	-26	0	-26	-3,274	0	-3,274	-3,028	0	-3,028	-1,099	0	-1,100
INVESTING ACTIVITIES
Sale of building and land	30		30	22		22	4		4	2		2
Increase (-) from investing activities	-936		-936	-660		-660	-397		-397	-143		-143
Cash flow from investing activities	-906	0	-906	-639	0	-639	-392	0	-392	-141	0	-141
CASH FLOW BEFORE FINANCING	-932	0	-932	-3,913	0	-3,913	-3,421	0	-3,421	-1,242	0	-1,242
FINANCING ACTIVITIES
Cash flow from financing activities	2,774		2,774	4,228		4,228	3,752		3,752	1,706		1,706
CASH FLOW DURING THE PERIOD	1,842	0	1,842	315	0	315	331	0	331	464	0	464
Cash and cash equivalents at beginning of period	796		796	796		796	796		796	796		796
Exchange-rate difference in cash and cash equivalents	-4		-4	-9		-9	-1		-1	3		3
CASH AND CASH EQUIVALENTS AT END OF PERIOD	2,634	0	2,634	1,103	0	1,103	1,126	0	1,126	1,263	0	1,263