Skanska Annual Report 2003

Note 18 continuedOther mattersInformation about capitalized interest is reported in Note 14, ”Borrowing costs.”Mortgaged buildings and land totaling SEK 1 M (12) were reported as memorandumitems.For information on financial leases, see Note 38, ”Leases.”Skanska has no major obligations for future investments in tangible fixed assets.Note 19Financial fixed assetsShares and participations are reported as financial fixed assets.Participations are divided into holdings in Group companies, joint ventures, associatedcompanies and other holdings of securities. Holdings in joint ventures and inassociated companies are described in Notes 21 and 22.Receivables are divided into receivables from Group companies, joint venturesand associated companies, deferred tax claims and other long-term receivables.Tax claims are described in Note 16, ”Income taxes.” All receivables except deferredtax claims are interest-bearing. See Note 2 C on changes in the definition of currentassets and their effects on long-term receivables.Other long-term holdings of securitiesOther long-term holdings of securities declined during 2003 due to the divestmentof Skanska’s shareholding in Nobia AB, which accounted for SEK 428 M of theGroup’s book value on January 1.GroupBook valueCompany 2003 2002Listed sharesNobia AB 0 428Other holdings 76 119Total 76 547Other long-term receivablesGroup 2003 2002Liquid assets with restrictions 496 264Other interest-bearing receivables 1,236 381Total 1,732 645Information on accumulated acquisition value and accumulated writedowns on financial holdings and receivablesGroupHoldings in Holdings in Other long-termjoint ventures associated companies holdings of securitiesHOLDINGS 2003 2002 2003 2002 2003 2002Accumulated acquisition valueAccording to previous year’s financial statements 1,365 551 129 138 575 811Change in accounting principle, Gammon Skanska 1,252On January 1 1,365 1,803 129 138 575 811Acquisitions of companies 10Divestments of companies –1New acquisitions 74 561 7 20Divestments of companies –3 –10 –24 –433 –249Reclassifications 70 –120 –19 –34 –22Changes in accounting principles 62Exchange rate differences for the year –126 –338 –8 –9 15Intra-Group profit for the year –53 –72Change in share of earnings in associatedcompanies and joint ventures for the year –67 –459 7 –91,322 1,365 85 129 115 575Accumulated writedownsOn January 1 –23 –30 –28 –43Writedowns for the year –10 –10 –43 –4Divestments 26Reclassifications 17 13Exchange rate differences for the year 0 6 6–33 –23 0 0 –39 –28Residual book value on December 31 1,289 1,342 85 129 76 547Residual book value on January 1 1,342 1,773 129 138 547 76866 Notes, including accounting and valuation principles – Skanska Annual Report 2003