Recalculated quarterly results for 2004 according to new IFRS principles

As a complement to the new accounting principles presented in IBS´ Year End Results for 2004, IBS adds recalculated quarterly results for 2004. The recalculation is based on changed principles for goodwill depreciation and changed principles for revenue recognition.

In the table below, IBS earnings after financial items during 2004, are shown recalculated according to the new accounting principles that IBS applies as of 1 January 2005. 2004 per quarter Q1 Q2 Q3 Q4 Full Year Earnings after financial items according to previous principles 8,2 -29,6 -37,3 87,4 28,7 Reversed goodwill depreciations 7,5 7,8 7,1 7,1 29,5 Effect of new revenue recognition principle -19,6 21,6 28,6 -33 -2,4 Earnings after financial items 2004 according to IFRS -3,9 -0,2 -1,6 61,5 55,8 During 2005, IBS will implement a new principle for revenue recognition. According to standard IAS 18, renewal fees, which entail the right to use IBS software as well as the right to upgrades, will be recognised as revenue over the period of the agreement´s validity, most frequently 12 months. ”Previously, renewal fees were usually invoiced and posted during the first and fourth quarters. From 2005, this revenue will be posted evenly throughout the 12 months of the year. This change will mean a reduction of the seasonal variation of revenue between the quarter”, says Per-Arne Sendrén, CFO IBS AB. IBS will publish the first quarter results for 2005 on 28 April. For more information, please contact: John Womack, Director Corporate Communications IBS AB Telephone: +46 (0)8 627 2499 Mobile: +46 (0)70 678 2499 john.womack@ibs.net Per-Arne Sendrén, CFO IBS AB Telephone: +46 (0)8 627 2360 Mobile: +46 (0)70 6272360 per-arne.sendren@ibs.net