Volvo 2006 Annual Report Download - page 91

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Consolidated income statements
SEK M 2004 2005 2006
Net sales Note 7 211,076 240,559 258,835
Cost of sales (164,170) (186,662) (199,054)
Gross income 46,906 53,897 59,781
Research and development expenses Note 7 (7,614) (7,557) (8,354)
Selling expenses (19,369) (20,778) (21,213)
Administrative expenses (5,483) (6,301) (6,551)
Other operating income and expenses Note 8 (618) (588) (3,466)
Income from investments in associated companies Note 7, 9 27 (557) 61
Income from other investments Note 10 830 37 141
Operating income Note 7 14,679 18,153 20,399
Interest income and similar credits 821 654 666
Interest expenses and similar charges (1,254) (972) (585)
Other fi nancial income and expenses Note 11 (1,210) 181 (181)
Income after fi nancial items 13,036 18,016 20,299
Income taxes Note 12 (3,129) (4,908) (3,981)
Income for the period 9,907 13,108 16,318
Attributable to:
Equity holders of the parent company 9,867 13,054 16,268
Minority interests Note 13 40 54 50
9,907 13,108 16,318
Basic earnings per share, SEK Note 23 23.58 32.22 40.20
Diluted earnings per share, SEK Note 23 23.55 32.16 40.17
Financial information 2006 87