Home
Menu Download Search
Annual Report 2014 Report by the Board of Directors Notes Proposed distribution of earnings Auditor’s report 11-year review Quarterly info

Consolidated income statement

SEKm Note 2013 2014
Net sales 3, 4 109,151 112,143
Cost of goods sold 4 –87,892 –90,488
Gross operating income1)   21,259 21,655
Selling expenses 4 –11,564 –11,600
Administrative expenses 4 –5,646 –5,378
Other operating income 5 35 176
Other operating expenses 6 –29 –73
Items affecting comparability 3, 7 –2,475 –1,199
Operating income 3, 4, 8 1,580 3,581
Financial income 9 138 136
Financial expenses 9 –814 –720
Financial items, net   –676 –584
Income after financial items   904 2,997
Taxes 10 –232 –755
Income for the period   672 2,242
Items that will not be reclassified to income for the period:      
Remeasurement of provisions for post–employment benefits 22 1,851 –1,534
Income tax relating to items that will not be reclassified   –636 808
    1,215 –726
Items that may be reclassified subsequently to income for the period:      
Available for sale instruments 11, 29 –69 19
Cash flow hedges 11 41 –30
Exchange–rate differences on translation of foreign operations 11 –1,518 2,428
Income tax relating to other comprehensive income   29 –10
    –1,517 2,407
Other comprehensive income, net of tax   –302 1,681
Total comprehensive income for the period   370 3,923
Income for the period attributable to:      
Equity holders of the Parent Company   671 2,241
Non–controlling interests in income for the period   1 1
Total comprehensive income for the period attributable to:      
Equity holders of the Parent Company   374 3,922
Non–controlling interests in income for the period   –4 1
Earnings per share 20    
For income attributable to the equity holders of the Parent Company:      
Basic, SEK   2.35 7.83
Diluted, SEK   2.34 7.78
Average number of shares 20    
Basic, million   286.2 286.3
Diluted, million   287.3 288.2

1) As of 2014, selling and administrative costs in the factories are included in cost of goods sold. This reporting change reduces the reported gross operating income annually by approximately SEK 450m with the corresponding reductions in the line items selling and administrative expenses. The change in calculation has no impact on operating income and previous periods have not been restated.