Skanska adapts financial reporting

Skanska adapts financial reporting In conjunction with Skanska's Year-End Report, to be published on February 13, some changes will be made to the Group's financial reporting. 1. Skanska has adapted the financial reporting as a consequence of the introduction of Swedish Financial Accounting Standards Council's recommendation RR22 "Presentation of Financial Statements." RR 22 stated that where alternative accounting principles exist, companies shall choose one principle and use it consistently. Skanska previously used both the proportional and equity methods in the reporting of joint ventures. Effective from the fourth quarter of 2003, only the equity method will be employed. Earnings from joint ventures, formerly included in the gross income, will now be reported as a separate item in the Income Statement. These changes will mainly affect reporting for the 50- percent owned Gammon Skanska, whose operations are primarily located in Hong Kong. 2. The item/line "Items affecting comparability" is to be removed from the Income Statement. Instead, these items will be reported with information in a note, in accordance with RR4. 3. To further focus the operations in Skanska's home markets, some operations are, effective January 1st, transferred to the Business Unit Skanska International, previously Skanska International Projects (SIP). Apart from SIP, the Business Unit will consist of the operations shown below. These will not be reported separately but are included in Skanska International. Also the share of income from Gammon Skanska will be included under Skanska International. Unit Previously reported Skanska Cementation India Under India Skanska Whessoe Under UK Skanska Cementation Mining Under UK Skanska Russia Under Finland and Eastern Europe Group, SEK M Jan-Dec Adj. associated Adj. items New Jan-Dec 2002 2002 2002 companies and aff. comp. J/V's Net sales 146,356 -4,323 142,033 Gross income 12,092 -361 -1502 11,581 Selling and -9,471 287 -1,131 -10,315 adm. expenses1 Share of -285 -285 income in associated companies and joint ventures Items -1,645 364 1,281 affecting comp. Operating 976 5 0 981 income Net financial -903 -5 -908 items Income after 73 0 73 financial items Net profit -837 0 -837 Total assets 78,364 -1,616 76,748 Interest -9,030 -346 -9,376 bearing net debt Order intake 137,590 -2,965 134,625 Order backlog 137,940 -2,774 135,166 Employees 76,358 -3,660 72,698 1 Of which -789 34 -1 886 goodwill amortization and writedowns 2 Writedown of surplus values in properties in Skanska Poland Group, SEK M Jan-Sep Adj. associated Adj. items aff. comp. New Jan- 2003 2003 companies and Sep 2003 J/V's Net sales 99,481 -2,207 97,274 Gross income 9,473 -148 9,325 Selling and -6,219 134 -6,085 adm. Expenses3 Share of 0 15 15 income in associated companies and joint ventures Items affecting comp. Operating 3,254 1 3,255 income Net financial -371 -1 -372 items Income after 2,883 0 2,883 financial items Net profit 2,001 0 2,001 Total assets 71,033 -1,361 69,672 Interest -3,897 -215 -4,112 bearing net debt Order intake 104,402 -4,963 99,439 Order backlog 134,324 -4,999 129,326 Employees 73,645 -3,526 70,119 3 Of which -341 11 -330 goodwill amortization and writedowns For further information please contact: Anders Lilja, Senior Vice President, Investor Relations, Skanska AB, tel +46 8 753 88 01 This and previous releases can also be found at www.skanska.com Denna samt tidigare releaser finns även på www.skanska.se ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/02/02/20040202BIT20090/wkr0006.pdf

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Skanska is one of the world’s leading project development and construction groups with expertise in construction, development of commercial and residential premises, and public-private partnerships projects. Based on its global green experience, Skanska aims to be the clients' first choice for Green solutions. The Group currently has 41,000 employees in selected home markets in Europe and North America. Skanska's sales in 2016 totaled SEK 151 billion.

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