STOCKHOLM, Sweden, March 11, 2004 (PRIMEZONE) -- The Swedish Supreme Administrative Court has decided not to grant the National Swedish Tax Board review dispensation in a case concerning the tax deduction claimed by Skanska for the decrease in value of the limited partnership company Polaris Aircraft Leasing. This confirms the ruling by the Administrative Court of Appeal from March 2003, which permits the deduction.
As Skanska announced on the 28th of March 2003, the ruling by the Administrative Court of Appeal entails a positive effect on earnings of approximately SEK 400 M for 2003. The effect on cash flow amounts to SEK 750 M. This is included in the financial reports from the second quarter 2003.
The case concerns the income-tax assessments for 1990, 1991 and 1993 and the deductions applied for by Skanska in connection with these.
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