Saab 2011 Annual Report Download - page 81

Download and view the complete annual report

Please find page 81 of the 2011 Saab annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 158

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158

1 January – 31 December
MSEK Note 2011 20101)
Sales 3, 4 15,415 14,745
Cost of goods sold -11,785 -11,650
Gross income 3,630 3,095
Marketing expenses -1,220 -1,114
Administrative expenses -664 -727
Research and development costs -1,143 -1,024
Other operating income 5 219 82
Other operating expenses 6 -3 -16
Operating income 819 296
Result from financial items: 13
Result from shares in Group companies 1,410 1,171
Result from shares in associated companies/joint ventures 59 32
Result from other securities and receivables held as fixed assets 81 107
Other interest income and similar items 182 114
Interest expenses and similar items -207 -173
Income after financial items 2,344 1,547
Appropriations 14 -293 -83
Income before taxes 2,051 1,464
Taxes 15 -462 -423
Net income for the year 1,589 1,041
1) The income statement for the parent company has been restated for the year 2010 due to a correction of classification and valuation of intangible and financial fixed assets.
The income statement for the year 2010 has also been restated due to changes in accounting principles regarding group contributions paid to subsidiaries
1 January – 31 December
MSEK Note 2011 2010
Net income for the year 1,589 1,041
Other comprehensive income --
Net comprehensive income for the year 1,589 1,041
PARENT COMPANY
INCOME STATEMENT
PARENT COMPANY
COMPREHENSIVE INCOME
SALES AND INCOME
The Parent Company includes units within the business areas Aeronautics,
Electronic Defence Systems, Security and Defence Solutions, and Support
and Services. Group staffs and Group support are included as well. The
Parent Company’s sales in 2011 amounted to MSEK 15,415 (14,745). Op-
erating income was MSEK 819 (296). Operating income included expenses
of approximately MSEK 330 regarding increased pension obligations ac-
cording to the FPG/PRI system due to changed mortality assumptions;
see also Note 37.
Operating income in 2010 included expenses of MSEK 290 mainly related
to a terminated contract in Security and Defence Solutions and structural
costs of MSEK 98 in Aeronautics related to lay-offs announced in January
2010 as well as the reorganisation announced in 2009.
Net financial income and expenses amounted to MSEK 1,525 (1,251).
After appropriations of MSEK -293 (-83) and taxes of MSEK -462 (-423),
net income for the year amounted to MSEK 1,589 (1,041).
FINANCIAL INFORMATION > FINANCIAL STATEMENTS
SAAB ANNUAL REPORT 2011 77