Volvo 2004 Annual Report Download - page 116

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114 Expected impact of IFRS
Consolidated income statements IFRS comparison
Volvo Group (VFS reported according to the equity method)
SEK M unless otherwise specified IFRS Sw GAAP
Net sales 202,171 201,496
Cost of sales (158,453) (158,231)
Gross income 43,718 43,265
Research and development expenses (7,614) (7,233)
Selling expenses (18,317) (18,048)
Administrative expenses (5,310) (5,321)
Other operating income and expenses 7 (658)
Income from Financial Services 1,365 1,365
Income from investments in
associated companies 2 2
Income from other investments 828 828
Operating income (loss) 14,679 14,200
Interest income and similar credits 993 993
Interest expenses and similar charges (1,426) (1,404)
Other financial income and expenses (1,210) (1,210)
Income after financial items 13,036 12,579
Minority –(40)
Income taxes (3,129) (3,184)
Net income19,907 9,355
1Attributable to:
Equity holders 9,867 –
Minority 40 –
9,907 –
Depreciation and amortization included above
Depreciation
Industrial and Commercial (5,542) (5,540)
Financial Services (3,064) (3,066)
Total Depreciation (8,606) (8,606)
Amortization
Industrial and Commercial (951) (1,635)
Financial Services (63) (63)
Total Amortization (1,014) (1,698)
Income per share, SEK 23.67 22.35
Average number of shares, million 418.5 418.5