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Annual Report 2015 Report by the Board of Directors Notes Proposed distribution of earnings Auditor’s report Eleven-year review Quarterly information

Consolidated income statement

SEKm Note 2014 2015
Net sales 3, 4 112,143 123,511
Cost of goods sold 4, 7 –91,564 –99,913
Gross operating income   20,579 23,598
Selling expenses 4, 7 –11,647 –12,719
Administrative expenses 4, 7 –5,454 –6,019
Other operating income 5 176 67
Other operating expenses 6, 7 –73 –2,186
Operating income 3, 4, 8 3,581 2,741
Financial income 9 136 123
Financial expenses 9 –720 –763
Financial items, net   –584 –640
Income after financial items   2,997 2,101
Taxes 10 –755 –533
Income for the period   2,242 1,568
Items that will not be reclassified to income for the period:      
Remeasurement of provisions for post–employment benefits 22 –1,534 343
Income tax relating to items that will not be reclassified   808 –114
    –726 229
Items that may be reclassified subsequently to income for the period:      
Available for sale instruments 11, 29 19 –39
Cash flow hedges 11 –30 –28
Exchange–rate differences on translation of foreign operations 11 2,428 –1,454
Income tax relating to other comprehensive income   –10 29
    2,407 –1,492
Other comprehensive income, net of tax   1,681 –1,263
Total comprehensive income for the period   3,923 305
Income for the period attributable to:      
Equity holders of the Parent Company   2,241 1,566
Non–controlling interests   1 2
Total comprehensive income for the period attributable to:      
Equity holders of the Parent Company   3,922 307
Non–controlling interests   1 –2
Earnings per share 20    
For income attributable to the equity holders of the Parent Company:      
Basic, SEK   7.83 5.45
Diluted, SEK   7.78 5.42
Average number of shares 20    
Basic, million   286.3 287.1
Diluted, million   288.2 288.9