Consolidated income statement

SEKm	Note	2011	2010
Net sales	3,4	101,598	106,326
Cost of goods sold		–82,840	–82,697
Gross operating income		18,758	23,629
Selling expenses		–10,821	–11,698
Administrative expenses		–4,972	–5,428
Other operating income	5	230	14
Other operating expenses	6	–40	–23
Items affecting comparability	3,7	–138	–1,064
Operating income	3,4,8	3,017	5,430

Financial income	9	337	332
Financial expenses	9	–574	–456
Financial items, net		–237	–124
Income after financial items		2,780	5,306

Taxes	10	–716	–1,309
Income for the period		2,064	3,997

Available for sale instruments	11,29	–91	77
Cash flow hedges	11	111	–117
Exchange differences on translation of foreign operations	11	–223	–1,108
Income tax related to other comprehensive income		–104	–30
Other comprehensive income, net of tax		–307	–1,178
Total comprehensive income for the period		1,757	2,819

Income for the period attributable to:
Equity holders of the Parent Company		2,064	3,997
Non-controlling interests		—	—

Total comprehensive income for the period attributable to:
Equity holders of the Parent Company		1,752	2,819
Non-controlling interests		5	—

Earnings per share	20
For income attributable to the equity holders of the Parent Company:
Basic, SEK		7.25	14.04
Diluted, SEK		7.21	13.97

Average number of shares	20
Basic, million		284.7	284.6
Diluted, million		286.1	286.0