Volvo 2005 Annual Report Download - page 85

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Consolidated income statements
SEK M 2004 2005
Net sales Note 7 211,076 240,559
Cost of sales (164,170) (186,662)
Gross income 46,906 53,897
Research and development expenses Note 7 (7,614) (7,557)
Selling expenses (19,369) (20,778)
Administrative expenses (5,483) (6,301)
Other operating income and expenses Note 8 (618) (590)
Income from investments in associated companies Note 7, 9 27 (557)
Income from other investments Note 10 830 37
Operating income Note 7 14,679 18,151
Interest income and similar credits 821 654
Interest expenses and similar charges (1,254) (972)
Other fi nancial income and expenses Note 11 (1,210) 181
Income after fi nancial items 13,036 18,014
Income taxes Note 12 (3,129) (4,908)
Income for the period 9,907 13,106
Attributable to:
Equity holders of the parent company 9,867 13,052
Minority interests Note 13 40 54
9,907 13,106
Basic earnings per share, SEK 23.58 32.21
Diluted earnings per share, SEK 23.55 32.16
Volvo Group 2005
81