New, extended reporting structure in second-quarter interim report 2003
New, extended reporting structure in second-quarter interim report 2003 Skanska's interim report for the six months ended June 30, 2003, will be published on July 24, 2003.The new reporting structure, as described in the Annual Report and other publications, will be applied as of the second quarter of this year. The new, extended, reporting structure means that earnings will be reported on the basis of four areas of operation: Construction-related Services, Residential Project Development, Project Development of Commercial Premises and BOT (privately financed projects). In addition, Construction-related Services and Residential Project Development will be described by market. To facilitate comparisons with earlier periods' results, the quarterly results for 2002 and the first quarter of 2003 in accordance with the new reporting structure are enclosed. These tables can also be downloaded in EXCEL format from the Group's website: www.skanska.com/investorrelations. The accounting principles and calculation methods described in the latest annual report and in the interim report for the first quarter have been applied to the consolidated financial statements, if not otherwise stated. For further information please contact: Peter Wallin, Senior Vice President, Investor Relations, Skanska AB, tel +46 8 753 88 86 This and previous releases can also be found at www.skanska.com Performance analysis [REMOVED GRAPHICS] Definition Capital employed, Capital employed for the group is defined as: Visible shareholders' equity plus minority interests and interest-bearing liabilities, hence using the gross volume. The capital employed per market and per business stream have been defined according to the Economic Value Added model Skanska uses - Skanska Value Added, SVA - in which internal deposits to Skanska Financial Services are subtracted from the gross capital employed as defined above. Stated capital employed is at the end of respective period. Business Streams [REMOVED GRAPHICS] Construction and Services [REMOVED GRAPHICS] Residential Project Development [REMOVED GRAPHICS] Business streams [REMOVED GRAPHICS] Commercial Project Development [REMOVED GRAPHICS] BOT [REMOVED GRAPHICS] Business streams in brief [REMOVED GRAPHICS] By Market Construction and Services [REMOVED GRAPHICS] By Market Residential Project Development [REMOVED GRAPHICS] ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/07/04/20030704BIT00740/wkr0001.doc http://www.waymaker.net/bitonline/2003/07/04/20030704BIT00740/wkr0002.pdf