If you are visually impaired or blind, you can visit the PDF version by Pressing CONTROL + ALT + 4
You need a JavaScript-enabled browser to view this Publication
Please follow these steps to view the Publication:
Enable JavaScript in your browser
Refresh this page
Best regards
Zmags
Annual Report
2011
NCC aims to
always be the
customer's
first choice
2 12
Review by the President: Although we ended 2011 Operations: NCC conducts integrated construction and develop-
with healthy profit, a record-high order backlog, a favor- ment operations in the Nordic region, Germany, Estonia, Latvia and
able portfolio of housing and property projects and a St. Petersburg. The company has three businesses: industrial, con-
strong financial position, the beginning of the year was struction and civil engineering, as well as development. These busi-
challenging.
Annual Report 2011
NCC aims to always be the customer's first choice
NCC's strategy 2012–2015 Profitable growth is the
2 NCC 2011 Review by the President Profita
NCC 2011 3 The need for new housing is a st
4 NCC 2011 INCREASING NUMBER OF HOUSING UNI
nario in which we aim to achieve profitable growth
6 NCC 2011 Business concept, objectives a
generate on a sustainable basis, and on capital r
8 NCC 2011 STRATEGY 2012–2015 NCC has a str
of the product mix. One step toward more efficient
10 NCC 2011 Market and competitors NCC ho
NCC 2011 11 COMPETITORS The Nordic construct
12 NCC 2011 Overview of operations
NCC 2011 13 Geographical marke
14 NCC 2011 NCC's geographical markets
Industrial Sale
16 NCC 2011 OPERATIONS A
spective, thus benefiting customers while NCC's pr
18 NCC 2011 OPERATIONS Indu
OPERATIONS NCC 2011 19 Constru
20 NCC 2011 OPERATIONS
OPERATIONS IN NORTHERN EUROPE NCC conducts constr
22 NCC 2011 OPERATIONS str
confidence in each other, opportunities arise to p
24 NCC 2011 OPERATIONS
OPERATIONS NCC 2011 25 D
26 NCC 2011 OPERATIONS H
PLATFORMS – SUPERIOR QUALITY AT LOWER COST NCC se
28 NCC 2011 OPERATIONS Market
OPERATIONS NCC 2011 29
30 NCC 2011 OPERATIONS MAJ
GREEN PROEPRTY DEVELOPMENT The sustainability iss
32 NCC 2011 SUSTAINABILITY REPO
Highlights 2011 · New Group work environment and
34 NCC 2011 SUSTAINABILITY REPO
GREEN BUILDING INCLUDES: · Environmentally la
36 NCC 2011 SUSTAINABILITY REPO
Diversity a success factor The development of equ
38 NCC 2011 SUSTAINABILITY REPO
ronment, including ergonomic considerations, stre
40 NCC 2011 SUSTAINABILITY REPO
SUSTAINABILITY REPORT NCC 2011
42 NCC 2011 FINANCIAL REPORT
Orders received for proprietary housing projects
44 NCC 2011 FINANCIAL REPORT
During 2009, NCC was ordered to pay an administra
46 NCC 2011 FINANCIAL REPORT
FINANCIAL REPORT NCC 2011 47
48 NCC 2011 FINANCIAL REPORT
prises fixed salar y, variable remuneration, the l
50 NCC 2011 FINANCIAL REPORT
NET SALES Net sales increased 6 percent to SEK 52
52 NCC 2011 FINANCIAL REPORT
FIXED ASSETS Goodwill NCC impairment tests carryi
54 NCC 2011 FINANCIAL REPORT
FINANCIAL REPORT NCC 2011 55
56 NCC 2011 FINANCIAL REPORT
FINANCIAL REPORT NCC 2011 57
58 NCC 2011 FINANCIAL REPORT
CASH FLOW FROM OPERATING ACTIVITIES Cash flow from
60 NCC 2011 FINANCIAL REPORT
NCC has decided not to apply the supplement to IA
62 NCC 2011 FINANCIAL REPORT
Property sales are recognized at the time when ma
64 NCC 2011 FINANCIAL REPORT
For a distribution of values, refer to Note 30, P
66 NCC 2011 FINANCIAL REPORT
BORROWING COSTS Borrowing costs attributable to q
68 NCC 2011 FINANCIAL REPORT
NOTE 3 CONT. REPORTING BY OPERATING SEGMENTS G E
70 NCC 2011 FINANCIAL REPORT
FINANCIAL REPORT NCC 2011 71
72 NCC 2011 FINANCIAL REPORT
NOTE 16 NET FINANCIAL ITEMS GROUP 2010 46 8
74 NCC 2011 FINANCIAL REPORT
NOTE 20 CONT. INTANGIBLE ASSETS IMPAIRMENT TESTI
76 NCC 2011 FINANCIAL REPORT
NOTE 22 PARTICIPATIONS IN GROUP COMPANIES PARENT
78 NCC 2011 FINANCIAL REPORT
NOTE 25 PARTICIPATIONS IN ASSOCIATED COMPANIES P
80 NCC 2011 FINANCIAL REPORT
FINANCIAL REPORT NCC 2011 81
82 NCC 2011 FINANCIAL REPORT
NOTE 31 MATERIALS AND INVENTORIES Group
84 NCC 2011 FINANCIAL REPORT
NOTE 36 CONT. PENSIONS DEFINED-BENEFIT OBLIGATIO
86 NCC 2011 FINANCIAL REPORT
FINANCIAL REPORT NCC 2011 87
88 NCC 2011 FINANCIAL REPORT
FINANCIAL REPORT NCC 2011 89
90 NCC 2011 FINANCIAL REPORT
FINANCIAL REPORT NCC 2011 91
92 NCC 2011 FINANCIAL REPORT
NOTE 43 CONT. PLEDGED ASSETS, CONTINGENT
94 NCC 2011 FINANCIAL REPORT
FINANCIAL REPORT NCC 2011 95
96 NCC 2011 FINANCIAL REPORT
FINANCIAL REPORT NCC 2011 97
98 NCC 2011 FINANCIAL REPORT
FINANCIAL REPORT NCC 2011 99
100 NCC 2011 SHAREHOLDER INFORMAT
SHAREHOLDER INFORMATION NCC 2011
102 NCC 2011 SHAREHOLDER INFORMAT
SHAREHOLDER INFORMATION NCC 2011
104 NCC 2011 SHAREHOLDER INFORMAT
1 RISK-ASSESSMENT AND RIS
106 NCC 2011 SHAREHOLDER INFORMAT
SHAREHOLDER INFORMATION NCC 2011
108 NCC 2011 SHAREHOLDER INFORMAT
SHAREHOLDER INFORMATION NCC 2011
110 NCC 2011 SHAREHOLDER INFORMAT
FIVE-YEAR TREND IN NCC SHARES 2007 2008
112 NCC 2011 SHAREHOLDER INFORMAT
Definitions/glossary FINANCIAL DEFINITIONS Av
NCC is one of the leading construction and proper