KONE Corporation reports under the International Financial Reporting Standards (IFRS) as of 1 January, 2004. Prior to IFRS adoption KONE Corporation reported under Finnish Accounting Standards (FAS). Comparative financial statements between FAS and IFRS for 2003 are published with the purpose of providing information on the material transition impact to the consolidated balance sheet and statement of income.
The complete Stock Exchange Release can be read in the enclosed PDF file.
Secretary to the Board of Directors
Executive Vice President,
Finance and Information Services
KONE is a global service and engineering company that specializes in moving people and goods. It comprises two divisions: KONE Elevators & Escalators and Kone Cargotec. KONE Elevators & Escalators sells, manufactures, installs, maintains and modernizes elevators and escalators, and services automatic building doors. Kone Cargotec supplies products and services to facilitate moving and loading cargo. KONE's B shares are listed on the Helsinki Exchanges.