Skanska Annual Report 2003

Note 17 continuedInformation about acquisition value, accumulated amortizationand accumulated writedownsGroupParentOther Companyintangible IntangiblefixedfixedGoodwill assets assetsAccumulated acquisition valueAccording to previous year’sfinancial statements 9,444 652 25Change in accounting principle,Gammon Skanska –665On January 1 8,779 652 25Acquisitions of companies 75Divestments of companies –23New acquisitions 25 50Divestments of companies –3 –2Reclassifications 2 –72Exchange rate differences for the year –932 –197,923 609 25Accumulated amortizationAccording to 2002 financial statements –1,767 –171 –5Change in accounting principle,Gammon Skanska 73January 1 –1,694 –171 –5Divestments 2Reclassifications 45Amortization for the year –406 –31 –1Exchange rate differences for the year 171 8–1,929 –147 –6Accumulated writedownsAccording to 2002 financial statements –2,087 0 0Change in accounting principle,Gammon Skanska 362January 1 –1,725 0 0Reclassifications –73Writedowns for the year –179 –3 –1Exchange rate differences for the year 242–1,735 –3 –1Residual value on December 31 4,259 459 18Residual value on January 1 5,360 481 20Other mattersInformation on capitalized interest is reported in Note 14, ”Borrowing costs.”Direct research and development expenses amounted to SEK 55 M (57). Researchand development expenses are often imbedded in ongoing projects.Note 18Tangible fixed assetsTangible fixed assets are reported in compliance with RR 12, ”Tangible fixed assets.”Office buildings and other buildings used in the Group’s business are reported astangible fixed assets. Machinery and equipment are reported in one item.Information about acquisition value, accumulated depreciation, accumulatedrevaluations and accumulated writedownsGroupParent CompanyMachinery Properties MachineryBuildings and under Buildings andand land equipment construction and land equipmentAccumulated acquisition valueAccording to 2002financial statements 3,643 14,815 105 44 12Change in accounting principle,Gammon Skanska –12 –834On January 1 3,631 13,981 105 44 12New acquisitions 199 1,092 18Acquisitions of companies 47 19Divestments of companies –129 –39Divestments –156 –514 –31 –9 –7Reclassifications –40 –472 16Exchange rate differencesfor the year –251 –966 –43,301 13,101 104 35 5Accumulated acquisition valueAccording to 2002financial statements –936 –9,280 –26 –7Change in accounting principle,Gammon Skanska 9 585On January 1 –927 –8,695 –26 –7Divestments of companies 3Divestments and disposals 24 364 5Reclassifications 93 417Depreciation for the year –89 –1,257 –1Exchange rate differencesfor the year 52 551–844 –8,620 –26 –3Accumulated revaluationOn January 1 13Reclassifications –130Accumulated writedownsOn January 1 –300Reclassifications –2Writedowns for the year –56Exchange rate differences forthe year 44–314Residual valueon December 31 2,143 4,481 104 9 2Residual value on January 1 2,417 5,286 105 18 5Information on assessed value for tax purposes, Sweden, for fixed assetsGroupParentCompanyTangible fixed assets 2003 2002 2003 2002Buildings 457 531 23 33equivalent to book value of buildings 336 480 4 10Land 278 287 12 12equivalent to book value of land 122 161 5 8Skanska Annual Report 2003 – Notes, including accounting and valuation principles 65