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
|Income statement before adjustments||Adjustments||Adjusted income statement|
|Profit before income tax||29,028||46||29,073|
|Profit for the financial year||44,034||38||44,072|
|31 Dec 2012
|Balance sheet before adjustments||Adjustments||Adjusted balance sheet|
|Deferred tax asset||20,364||3,111||23,475|
|Profit for the financial year||43,875||38||43,914|
|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
|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|
|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|
|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|
|Adjusted operating profit||15,018||16,893||47,245||3,347||-7,659||74,844|