Volvo 2000 Annual Report Download - page 52

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50
SEK M 1998 1999 2000
Net sales Note 3 212,936 125,019 130,070
Cost of sales (163,876) (99,501) (104,548)
Gross income 49,060 25,518 25,522
Research and development expenses (10,104) (4,525) (4,876)
Selling expenses (19,042) (8,865) (10,140)
Administrative expenses (8,091) (4,791) (4,974)
Other operating income and expenses Note 4 (2,634) (611) 622
Items affecting comparability Note 5 (2,331) 26,695 –
Operating income Note 6 6,858 33,421 6,154
Income from investments in associated companies Note 7 444 567 444
Income from other investments Note 8 4,526 170 70
Interest income and similar credits 1,268 1,812 1,588
Interest expenses and similar charges (1,315) (1,505) (1,845)
Other financial income and expenses Note 9 (162) 131 (165)
Income after financial items 11,619 34,596 6,246
Taxes Note 10 (3,140) (2,270) (1,510)
Minority interests in net income Note 11 (42) (104) (27)
Net income 8,437 32,222 4,709
Consolidated income statements
THE VOLVO GROUP