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The
company denied any wrongdoing and said in an emailed statement
that "the claim that Ericsson in an inaccurate way has reported
revenues in the income statement is not true".
Ericsson referred to the annual report, which states that one of
the conditions for reporting sales is when "collection is
reasonably assured".
Svenska Dagbladet, citing unnamed sources, reported that the way
accounting has been used to report future sales could hit future
earnings reports.
"When we have dug so deep into the future to be able to uphold
'reported' sales today, there is a big risk there will be a
couple of totally 'empty' quarters ahead," an Ericsson source
told Svenska Dagbladet.
The newspaper cited the sources as saying that most of the
company's long-term contracts had already been reported as
sales.
Ericsson is expected to report a 15 percent drop in
second-quarter operating profit on Tuesday. Shares in the
company fell 4.3 percent to 63.70 Swedish crowns ($7.44).
(Reporting by Daniel Dickson and Olof Swahnberg, editing by
Louise Heavens)
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