Skanska Annual Report 2003

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More information about Skanska WorldwideThe Skanska Grouppublishes the magazineWorldwide, containingfeatures andnews items from theGroup’s operationsaround the world.The magazine appears in Englishfour times per year. A subscription is free ofcharge and can be ordered at the followingaddress:Skanska Worldwidec/o Strömberg DistributionSE-120 88 Stockholm, SwedenTelephone +46 8 449 88 00Fax +46 8 449 88 10E-mail: worldwide@strd.seSustainability Report2003Skanska has also publisheda SustainabilityReport for 2003, describingSkanska from threeperspectives: economics,social responsibility and the environment.For further information, or to request copiesof the report, please contact:Axel WenbladSenior Vice President SustainabilityTel: +46 8 753 88 98E-mail: axel.wenblad@skanska.seSkanska’s ProjectDevelopmentFurther informationabout Skanska’s commercialproject developmentas well asinformation about itsproperty portfolio canbe found in a separatereport, Skanska’sProject Development. It can be downloadedfrom Skanska’s website (www.skanska.com)and can also be requested from Skanska AB,Investor Relations.TheHubThe Hub is a news service that offers personalizednews about Skanska, its competitorsand its industry. The Hub provides brief, fastnews items, often linked to additional informationon the Internet. You can subscribeto receive them via e-mail, mobile phone(SMS) or fax. The news items can also befound on a website. All items are availablein English and Swedish. Senior executives ofSkanska often comment on the news itemsas well.You can subscribe via The Hub’s website atwww.skanska.com/thehubE-mail: thehub@skanska.comFinancial informationThe Skanska Group’s interim reports for2004 will be published on the followingdates:Three Month Report April 30, 2004Six Month Report July 29, 2004Nine Month Report October 29, 2004Year-end Report February 16, 2005Only the Six Month Report and the AnnualReport will be printed and distributed. Theother reports will be available on Skanska’swebsite, www.skanska.com and can alsobe ordered from Skanska AB, Investor Relations.In case of questions about financialinformation, please contact:Skanska ABInvestor RelationsSE-169 83 SolnaTel: +46 8 753 88 00Fax: +46 8 730 41 69E-mail: investor.relations@skanska.seMore information about the Skanska Groupis found at:www.skanska.com96More information about Skanska – Annual Report 2003
AddressesSkanska ABSE-169 83 SolnaSwedenStreet address: Råsundavägen 2Tel: +46 8 753 88 00Fax: +46 8 755 12 56Skanska SwedenSE-169 83 SolnaSwedenStreet address: Råsundavägen 2Tel: +46 8 504 350 00Fax: +46 8 755 63 17Customer service from inside Sweden:020-30 30 40www.skanska.seSkanska NorwayPostbox 1175 SentrumNO-0107 OsloNorwayStreet address: St Olavs Gate 25Tel: +47 22 03 06 00Fax: +47 22 20 88 30www.skanska.noSkanska DenmarkBaltorpvej 158DK-2750 BallerupDenmarkTel: +45 44 77 99 99Fax: +45 44 77 98 99www.skanska.dkSkanska OyP.O.Box 114FIN-00101 HelsingforsFinlandStreet address: Paciuksenkatu 25Tel: +358 9 6152 21Fax: +358 9 6152 2271www.skanska.fiSkanska PolandGen. J. Zajaczka Street 9PL-01-518 WarsawaPolandTel: +48 22 561 3000Fax: +48 22 561 3001info@skanska.plwww.skanska.plSkanska CZKubánské námesti 1391/11CZ-100 05 Prague 10Czech RepublicTel: +420 2 67 310 848Fax: +420 2 67 310 644www.skanska.czSkanska UKMaple Cross HouseDenham Way, Maple CrossGB-RickmansworthHertfordshire WD3 9SWUnited KingdomTel: +44 1923 77 6666Fax: +44 1923 77 7834skanska.construction@skanska.co.ukwww.skanska.co.ukSkanska USA Building1633 Littleton Road (Rt. 202)Parsippany, NJ 07054U.S.ATel: +1 973 394 9100Fax: +1 973 334 6408www.skanskausa.comSkanska USA Civil16-16 Whitestone ExpresswayWhitestone NY 11357U.S.ATel: +1 718 767 2600Fax: +1 718 767 2663www.usacivil.skanska.comSkanska Latin AmericaAv. Pte. Roque S. Peña 788-9 PisoAR-1035 Buenos AiresArgentinaTel: +54 11 4341 7000Fax: +54 11 4341 7503www.skanska.com.arSkanska InternationalSE-169 83 SolnaSwedenVisiting address: Råsundavägen 2Tel: +46 8 504 350 00Fax: +46 8 753 46 13www.civil.skanska.comSkanska ServicesSE-169 83 SolnaSwedenStreet address: Råsundavägen 2Tel: +46 8 504 350 00Fax: +46 8 27 93 35www.skanska.se/fmSkanska Projektutveckling SverigeSE-169 83 SolnaSwedenStreet address: Råsundavägen 2Tel: +46 8 504 350 00Fax: +46 8 504 361 99www.skanska.se/fastigheterSkanska Project Development EuropeSE-169 83 SolnaSwedenStreet address: Råsundavägen 2Tel: +46 8 504 350 00Fax: +46 8 504 361 99www.skanska.com/propertySkanska BOTSE-169 83 SolnaSwedenStreet address: Råsundavägen 2Tel: +46 8 504 350 00Fax +46 8 755 13 96www.bot.skanska.comSkanska Financial ServicesSE-69 83 SolnaSwedenStreet address: Råsundavägen 2Tel: +46 8 504 350 00Fax: +46 8 753 18 52For other addresses:www.skanska.comProduktion: Skanska Investor Relations in collaboration with Addira and Sustain.Translated by Victor Kayfetz, SCAN EDIT, Oakland, CA.Printed at Strokirk-Landström, Lidköping, Sweden, 2004.Skanska Annual Report 2003 – Addresses 97
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A train to the planeThe JFK AirTrai
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Comments by the President and CEOTo
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Mission, vision and goalsSkanska sh
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OrganizationSkanska is a global Gro
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Business streamsConstruction and Se
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MarketsSwedenSEK M Change 2003 2002
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Czech RepublicSEK M Change 2003 200
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Residential Project DevelopmentSkan
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Commercial Project DevelopmentIn co
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Return on real estate assets, manag
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Skanska BOTSkanska BOT operations s
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Risk managementSkanska’s operatio
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Share data• Skanska’s market ca
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Report of the DirectorsThe Board of
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in accounting principle. Pensions w
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headquarters, was sold during the y
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The average interest rate for all G
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competition rules and corruption le
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Consolidated balance sheetSEK M Not
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Consolidated statementof changes in
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Parent Companyincome statementParen
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Parent Company statementof changes
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cycle, has led to changes in what s
Page 50 and 51: futures) are used for hedging again
Page 52 and 53: The Swedish Financial Accounting St
Page 54 and 55: Note 2 continuedEffect on consolida
Page 56 and 57: Note 3 continuedCommercial Resident
Page 58 and 59: Note 3 continuedC. Other informatio
Page 60 and 61: Note 4 continuedTable 1b. Reported
Page 62 and 63: Note 5 continuedAcquired assets and
Page 64 and 65: Note 9Accounting for extraordinary
Page 66 and 67: Note 12 continuedFinancial fixed as
Page 68 and 69: Note 16 continuedTemporary differen
Page 70 and 71: Note 18 continuedOther mattersInfor
Page 72 and 73: Note 21 continuedSpecification of s
Page 74 and 75: Note 23 continuedThe book value of
Page 76 and 77: Note 28Provisions for pensions and
Page 78 and 79: Note 31Expected recovery periods on
Page 80 and 81: Note 33Effects of changes in foreig
Page 82 and 83: Note 34Cash flow statementAside fro
Page 84 and 85: Note 35PersonnelPersonnel figures a
Page 86 and 87: Note 35 continued2001 yielded no ou
Page 88 and 89: The due dates of future minimum lea
Page 90 and 91: Note 42 Five-year Group financial s
Page 92 and 93: Note 43DefinitionsInterest-bearing
Page 94 and 95: Proposed allocation of earningsThe
Page 96 and 97: Board of DirectorsSverker Martin-L
Page 98 and 99: Senior Executive TeamHans BiörckJo
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Skanska Annual Report 2003

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