Eniro: Quarterly figures for 2004 adjusted for IFRS, changed publication dates for directories in 2005 and distribution of packaged products

As of January 1, 2005, Eniro is reporting in accordance with IFRS. The overall effects on the income statement adopted for 2004, as well as the effects on shareholders’ equity, were described in the year-end report. To facilitate analyses, Eniro is hereby issuing quarterly figures for 2004 in accordance with the new accounting principles (see attachment).

Effects on revenues of changed publication dates during 2005
Revenues from the sale of printed directories are reported when the directory in question is distributed. Changed publication dates may thus affect comparisons between corresponding quarters of different years. In a comparison between 2005 and 2004, the net effect on operating revenues as a result of changed publication dates is estimated at a total deficit of about SEK 24 M.

For the first quarter 2005, the effect of changed publication dates is estimated to amount to a deficit of SEK 44 M. For the second quarter, the corresponding effect is expected to amount to a surplus of SEK 29 M, the third quarter a deficit of SEK 61 M, and the fourth quarter a surplus of SEK 52 M (see table in attachment).

Distribution of revenues for packaged sales during 2005
Sales of bundled products in the Swedish operation amount to about SEK 450-500 M. In reporting these sales revenues as offline or online, a distribution ratio is applied that is based on the usage of the products and which is updated annually. As of January 1, 2005, 35 percent of the revenues from bundled products are booked as online revenues, while 65 percent are reported as offline revenues. During the preceding year, the corresponding ratio was 30 percent for online and 70 percent for offline.