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KONE Corporation began reporting under the International Financial Reporting Standards (IFRS) as of 1 January, 2004. Prior to IFRS adoption KONE Corporation reported under Finnish Accounting Standards (FAS).
The IFRS comparison figures for January-June and January-September, 2003 are presented in this press release. KONE published comparable book-closing information for January-March, 2003 and the whole 2003 calendar year on 8 April. Additional information about the changeover to IFRS standards can be found in the press release of 8 April, 2004 and in Note 23 of the Consolidated Financial Statement in the KONE Corporation Annual Report 2003.
Executive Vice President,
Finance and Information Services
Senior Vice President
Corporate Communications & IR
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.