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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

Parent Company income statement

Income statement

SEKm Note 2014 2015
Net sales   29,508 33,179
Cost of goods sold   –25,477 –28,005
Gross operating income   4,031 5,174
Selling expenses   –3,430 –3,855
Administrative expenses   –1,208 –1,789
Other operating income 5
Other operating expenses 6 –645 –519
Operating income   –1,252 –989
Financial income 9 3,105 3,830
Financial expenses 9 –455 –702
Financial items, net   2,650 3,128
Income after financial items   1,398 2,139
Appropriations 21 355 156
Income before taxes   1,753 2,295
Taxes 10 77 103
Income for the period   1,830 2,398


Total comprehensive income for the period

SEKm Note 2014 2015
Income for the period   1,830 2,398
Other comprehensive income      
Available for sale instruments   17 –39
Exchange rate differences   –37
Cash flow hedges   2 3
Income tax relating to other comprehensive income   –1 –1
Other comprehensive income, net of tax   18 –74
Total comprehensive income for the period   1,848 2,324

The Parent Company comprises the functions of the Group’s head office, as well as five companies operating on a commission basis for AB Electrolux.

Net sales for the Parent Company, AB Electrolux, for the full year of 2015 amounted to SEK 33,179m (29,508), of which SEK 26,775m (23,757) referred to sales to Group companies and SEK 6,404m (5,751) to external customers. The majority of the Parent Company’s sales was made within Europe.

Income after financial items was SEK 2,139m (1,398), including dividends from subsidiaries in the amount of SEK 3,346m (2,616). Income for the period amounted to SEK 2,398m (1,830).

Income tax related to group contributions is reported in the income statement. Income tax related to cash flow hedges is reported in other comprehensive income.

Capital expenditure in tangible and intangible assets was SEK 471m (255). Liquid funds at the end of the period amounted to SEK 7,346m, as against SEK 4,601m at the start of the year.

Undistributed earnings in the Parent Company at the end of the period amounted to SEK 13,176m, as against SEK 12,617m at the start of the year. Dividend payment to shareholders in 2015 amounted to SEK 1,868m.

For information on the number of employees as well as salaries and remuneration, see Note 27. For information on shareholdings and participations, see Note 29.