ANNUAL REPORT 2004 - Skanska

Consolidated statement of changes
in shareholders’ equity
Total
Un- share-
Capital Restricted restricted holders’-
SEK M stock reserves reserves equity
Shareholders’ equity, December 31, 2002 1,256 1,429 11,532 14,217
Effect of change in accounting principle 1 –1,110 –1,110
Adjusted opening balance, January 1, 2003 1,256 1,429 10,422 13,107
Equity swaps for employee stock options 42 42
Exchange rate differences 2 –10 –1,700 –1,710
Currency hedging 806 806
Total changes in shareholders’ equity
not reported in income statement –10 –852 –862
Transfer between restricted
and unrestricted equity 227 –227 0
Dividend –837 –837
Net profit for 2003 2,761 2,761
Shareholders’ equity, December 31, 2003 1,256 1,646 11,267 14,169
Equity swaps for employee stock options 44 44
Exchange rate differences 2 2 241 243
Currency hedging 218 218
Total changes in shareholders’ equity
not reported in income statement 2 503 505
Transfer between restricted
and unrestricted equity –666 666 0
Dividend –1,256 –1,256
Net profit for 2004 2,648 2,648
Shareholders’ equity, December 31, 2004 1,256 982 13,828 16,066
1 The effect of the transition to RR 29 on shareholders’ equity
was a net amount of SEK –1,110 M.
2 The amount includes SEK 197 M (14) related to reversals
of negative translation differences in prior years, which
was reported in the income statement due to the divestment
of foreign Group companies and joint ventures.
See note 26.
42 Consolidated statement of changes in shareholders’ equity – Skanska Annual Report 2004