Skanska Annual Report 2003

Auditors’ ReportTo the Annual Meeting of Shareholders in Skanska AB (publ.),Swedish corporate identity number 556000-4615We have examined the annual accounts, the consolidated accounts, the accounting records andthe administration of the Board of Directors and the President of Skanska AB (publ) for theyear 2003. These accounts and the administration of the Company are the responsibility of theBoard of Directors and the President. Our responsibility is to express an opinion on the financialstatements and the administration based on our audit.We conducted our audit in accordance with generally accepted auditing standards in Sweden.These standards require that we plan and perform the audit to obtain reasonable assurancethat the financial statements are free of material misstatement. An audit includes examining,on a test basis, evidence supporting the amounts and disclosures in the accounts. An auditalso includes assessing the accounting principles used and their application by the Board ofDirectors and the President, as well as evaluating the overall presentation of information in theannual accounts and the consolidated accounts. As a basis for our opinion concerning dischargefrom liability, we examined significant decisions, actions taken and circumstances of theCompany in order to be able to determine the possible liability, if any, to the Company of anyBoard member or the President.We also examined whether any Board member or the Presidenthas, in any other way, acted in contravention of the Swedish Companies Act, the AnnualAccounts Act or the Articles of Association.We believe that our audit provides a reasonablebasis for our opinion set out below.The annual accounts and the consolidated accounts have been prepared in accordance withthe Annual Accounts Act and thereby provide a true and fair picture of the Company’s and theGroup’s results of operations and financial position in accordance with generally acceptedauditing principles in Sweden.We recommend to the Annual Meeting of Shareholders that the income statements and thebalance sheets of the Parent Company and the Group be adopted, that the profit for the ParentCompany be dealt with in accordance with the proposal in the Report of the Directors and thatthe members of the Board of Directors and the President be discharged from liability for thefinancial year.Stockholm, February 23, 2004Bernhard ÖhrnAuthorized Public AccountantCaj NackstadAuthorized Public AccountantAuditors’ Report – Skanska Annual Report 2003 91