1 ADJUSTMENTS CONCERNING EARLIER FINANCIAL YEARS

As a consequence of the changes in IAS 19 -standard, the pension obligations in the company’s opening balance sheet for 2012 increased by EUR 4.4 million and shareholders’ equity decreased by EUR 3.2 million.

As a consequence of the change in the accounting principle concerning 10-year liability provisions, non-current provisions incresed by EUR 7.0 million, current provisions increased by EUR 1.0 million and shareholders' equity decreased by EUR 6.1 million in the 2012 opening balance.

Impact of the adjustments on comparison year's income statement and balance sheet items

1 Jan–31 Dec 2012
EUR 1,000
Income statement before adjustments Adjustments Adjusted income statement
Operating profit
50,114
323 50,437
Profit before income tax
29,028
46 29,073
Profit for the financial year
44,034
38 44,072








31 Dec 2012
EUR 1,000
Balance sheet before adjustments Adjustments Adjusted balance sheet
Deferred tax asset
20,364 3,111 23,475
Total assets
1,300,414 3,111 1,303,525





Retained earnings
229,994 -9,046 220,948
Profit for the financial year
43,875 38 43,914
Total equity
450,772 -9,008 441,764





Pension obligations
1,171 4,045 5,216
Non-current provisions
6,198 7,040 13,238
Non-current liabilities
179,007 11,085 190,091





Current provisions
8,069 1,035 9,104
Current liabilities
670,634 1,035 671,669








Total equity and liabilities
1,300,414 3,111 1,303,525








Impact of the changes in accounting principles on comparison year's segment reporting figures

Lemminkäinen has changed its accounting principles concerning operating segments from the beginning of 2013. From now on, income statement items in the Company’s segment reporting comply with the consolidated financial statement’s accounting principles with the exception of the impact of the items classified as discontinued operations. The comparison periods' figures have been adjusted to comply with the new accounting principle.

1 Jan–31 Dec 2012
EUR 1,000
International Operations Building Construction Infrastructure Construction Technical Building Services Other operations Eliminations Segments total
Net sales before adjustment 934,323 682,397 591,140 230,028 37,834 -122,117 2,353,605
Adjustment -31,118 -31,118
Adjusted net sales 903,205 682,397 591,140 230,028 37,834 -122,117 2,322,487








Depreciation and impairment before adjustment 18,737 381 20,994 731 4,361 45,204
Adjustment -880 72 -1,700 100 -500 -2,908
Adjusted depreciation and impairment 17,857 453 19,294 831 3,861 42,296








Operating profit before adjustment 16,618 19,554 43,515 3,197 -8,289 74,595
Adjustment -1,600 -2,661 3,730 150 630 249
Adjusted operating profit 15,018 16,893 47,245 3,347 -7,659 74,844