Skanska Annual Report 2003

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Note 43DefinitionsInterest-bearing net debtNet profit per shareEquity per shareReturn on shareholders’ equityConsolidated capital employedCapital employed in business streams,markets and business units/reporting unitsAverage capital employedConsolidated return on capital employedReturn on capital employed in business streams,markets and business units/reporting unitsInterest-bearing liabilities including pension liabilities minus liquid assets and interest-bearing receivables.Net profit for the year divided by the number of shares.Visible shareholders’ equity divided by the number of shares.Net profit for the year as a percentage of average visible shareholders’ equity.Total assets minus non-interest-bearing provisions and liabilitiesTotal assets less tax claims and deposits in Skanska’s treasury unit minus non-interest-bearingprovisions and liabilities less provisions for taxes and tax liabilities.Calculated on the basis of five measuring points: half of capital employed on January 1 plus capital employedat the end of the first, second and third quarters plus half of capital employed at year-end, divided by four.Operating income and financial revenues, as a percentage of average capital employed.Operating income and financial revenues less interest revenues from Skanska’s treasury unit and otherfinancial expenses as a percentage of average capital employed.Operating cash flow Cash flow from operations before taxes and before financing operations (see also note 34).Consolidated operating cash flowEquity/assets ratioDebt/equity ratioInterest coverOperating net on propertiesYield on propertiesIn the consolidated operating cash flow statement, which includes taxes paid, investments are reported both in cashflow from business operations and in cash flow from strategic investments (see also note 34).Visible shareholders’ equity including minority interests as a percentage of total assets.Interest-bearing net debt divided by visible shareholders’ equity including minority interests.Operating income and financial revenues plus depreciation/amortization, divided by net interest items.Rental revenues and interest subsidies minus operating, maintenance and administrative expenses aswell as real estate tax. Site leasehold rent is included in operating expenses.Operating net as above divided by year-end book value.Number of shares outstanding Average number of shares in 2003: 418,553,072. In 2002: 418,553,072. In 2001: 419,981,149,In 2000: 444,629,424. In 1999: 455,419,87. Total year-end number of shares:In 2003: 418,553,072. In 2002: 418,553,072. In 2001: 418 553 072. In 2000:426,145,072. In 1999: 455,419,872.88 Notes, including accounting and valuation principles – Skanska Annual Report 2003
Note 44Supplementary informationSkanska AB, Swedish corporate identification number 556000-4615, is the Parent Companyof the Skanska Group. The company has its registered office in Malmö, Skåne County and is a limited companyas provided by Swedish legislation. Its headquarters is located in the Municipality of Solna, Stockholm County.Address:Skanska ABSE-169 83 SolnaSwedenTel: +46 8 504 350 00Fax: +46 8 755 71 26www.skanska.seFor questions concerning financial information, please contact:Skanska ABInvestor RelationsSE-169 83 SolnaSwedenTel: +46 8 753 88 00Fax: +46 8 755 12 56E-mail: investor.relations@skanska.seSkanska Annual Report 2003 – Notes, including accounting and valuation principles 89
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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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Page 50 and 51: futures) are used for hedging again
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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
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Page 96 and 97: Board of DirectorsSverker Martin-L
Page 98 and 99: Senior Executive TeamHans BiörckJo
Page 100 and 101: More information about Skanska Wor
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Skanska Annual Report 2003

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