Skanska Annual Report 2003

Note 42 Five-year Group financial summary 1,2SEK M 2003 2002 2001 2000 1999Income statementsNet sales 132,879 142,033 165,063 111,230 80,504Gross income 12,906 11,581 11,419 11,772 8,521Selling and administrative expenses –8,453 –10,315 –9,244 –6,894 –5,564Income from Group companies – – – 337 –Income from associated companiesand joint ventures 79 –285 136 1,975 3,944Operating income 4,532 981 2,311 7,190 6,901Financial items –460 –908 –1,195 1,341 –39Income after financial items 4,072 73 1,116 8,531 6,862Taxes –1,303 –856 –1,094 –2,935 –2,483Minority share of income –8 –54 0 –46 –98Net profit for the year 2,761 –837 22 5,550 4,281Balance sheetsIntangible fixed assetsGoodwill 4,259 5,360 7,049 6,860 1,966Other intangible fixed assets 459 481 765 199 04,718 5,841 7,814 7,059 1,966Tangible fixed assets 6,730 7,808 8,512 7,754 5,545Financial fixed assetsShares and participations 1,450 2,018 2,680 2,596 2,602Interest-bearing receivables 1,956 858 878 895 791Deferred tax claims 1,539 1,621 1,412 852 1,0834,945 4,497 4,970 4,343 4,476Total fixed assets 16,393 18,146 21,296 19,156 11,987Current-asset propertiesCommercial Project Development 9,249 12,610 11,991Other commercial properties 1,051 2,120 2,030Residential Project Development 3,394 4,814 4,76913,694 19,544 18,790 17,327 14,214Inventories 828 865 1,001 993 1,556Current receivablesInterest-bearing receivables 1,248 1,128 1,068 2,455 1,401Tax claims 415 310 474 310 407Non-interest-bearing receivables 27,123 30,992 39,739 35,490 20,76028,786 32,430 41,281 38,255 22,568Short-term investments 218 303 582 752 1,986Cash and bank balances 6,819 5,460 8,048 5,422 3,597Total current assets 50,345 58,602 69,702 62,749 43,921TOTAL ASSETS 66,738 76,748 90,998 81,905 55,908of which, interest-bearing 10,241 7,749 10,576 9,524 7,775Shareholders’ equity and liabilitiesShareholders’ equity 14,169 14,217 17,871 18,937 17,373Minority interests 200 298 517 579 292ProvisionsPensions 2,058 984 437 123 2,363Provisions for taxes 3,104 2,317 2,221 3,068 3,270Other provisions 3,230 3,078 2,687 2,725 1,7368,392 6,379 5,345 5,916 7,369Long-term liabilities 7,182 13,845 17,729 12,984 5,428Current liabilitiesInterest-bearing liabilities 809 2,607Tax liabilities 571 447 1,445 1,747 1,397Non-interest-bearing liabilities 35,415 38,955 48,091 41,742 24,04936,795 42,009 49,536 43,489 25,446TOTAL SHAREHOLDERS’ EQUITYAND LIABILITIES 66,738 76,748 90,998 81,905 55,908of which, interest-bearing 10,091 17,125 17,952 13,797 8,39086 Notes, including accounting and valuation principles – Skanska Annual Report 2003