Tax ruling gives NCC tax loss carryforward of SEK 605 million

The Swedish National Tax Board (Skatteverket) has decided to approve a tax loss carryforward of SEK 605 M. This ruling means that NCC will have the possibility of deducting a corresponding amount of tax.

The loss carryforward arose from the liquidation of the subsidiary Fastighets AB SIAB in 2002. The business, which at the time of the liquidation comprised a small-scale real estate operation, was transferred to SIAB AB. When checking the liquidation, Skatteverket was able to determine a loss carryforward from business operations amounting to approximately SEK 605 million. The loss carryforward will have a positive effect on taxes in the closing accounts for 2004. However, the positive effects will be limited by the estimated results of ongoing tax audits. For further information, please contact: Annica Gerentz, Senior Vice President, Corporate Communications, NCC Group, +46 8 585 522 04, +46 70 398 42 09 Ulf Thorné, Press Relations Manager, NCC Group, +46 8 585 523 46, +46 70 214 77 27