Skanska Annual Report 2003

Note 9Accounting for extraordinary items and related disclosureThe table below provides a summary of items in the income statement that differbetween 2002 and 2003 and thus need to be explained for comparative purposes.See ”Accounting and valuation principles,” Note 1.Operating incomeThe income statement includes the subamounts below, which are explained forcomparative purposes.Group 2003 2002Writedowns (see note 12)Writedown of goodwill, Norway and Poland 0 –1,131Other writedowns of intangible fixed assets –182 –272Writedown of tangible fixed assets, Poland 0 –150Other writedowns of tangible fixed assets –56 –8Writedowns/reversals of writedownson current-asset properties –48 –175–286 –1,736Gain on sale of current-asset propertiesCommercial Project Development 2,399 294Other commercial properties 72 80Residential Project Development 571 6753,042 1,049Income from joint ventures and associated companies 79 –285of which, goodwill writedown, Gammon Skanska –364Other operating income 1,697 1,953Total according to income statement 4 532 981Using the exchange rates prevailing in 2002, operating income would have beenSEK 171 M higher in 2003. See also Note 33, ”Effects of changes in exchange rates.”Note 10Selling and administrative expensesSelling and administrative expenses are reported as one item. See ”Accounting and valuation principles,” Note 1.Distribution of selling and administrative expenses by primary and secondary segmentSecondary segments: Marketsof whichOther Central goodwillPrimary segments: Nordic Other United Other and amortiz./Business streams Sweden countries Europe States markets eliminations Total writedowns2003Construction and Services –2,056 –1,368 –1,840 –1,283 –499 –7,046 –578Commercial Project Development –153 –17 –74 –244Residential Project Development –153 –161 –40 –15 –5 –374 –7BOT –56 –56Other operations, eliminationof intra-Group transactions –733 –733Total –2,362 –1,546 –1,954 –1,298 –560 –733 –8,453 –585of which, goodwillamortization/writedowns –74 –260 –71 –72 –108 0 –5852002Construction and Services –2,072 –2,226 –2,423 –1,262 –548 –8,531 –1,788Commercial Project Development –155 –15 –89 –259Residential Project Development –204 –148 –18 –65 –4 –439BOT –38 –38Other operations, eliminationof intra-Group transactions –1,048 –1,048 –98Total –2,431 –2,389 –2,530 –1,327 –590 –1,048 –10,315 –1,886of which, goodwillamortization/writedowns –153 –886 –678 –71 0 –98 –1,88660 Notes, including accounting and valuation principles – Skanska Annual Report 2003