Volvo 2007 Annual Report Download - page 87
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Financial information 2007 83
Consolidated income statements
SEK M 2006 2007
Net sales Note 7 258,835 285,405
Cost of sales (199,054) (219,600)
Gross income 59,781 65,805
Research and development expenses Note 7 (8,354) (11,059)
Selling expenses (21,213) (26,068)
Administrative expenses (6,551) (7,133)
Other operating income and expenses Note 8 (3,466) 163
Income from investments in associated companies Note 7, 9 61 430
Income from other investments Note 10 141 93
Operating income Note 7 20,399 22,231
Interest income and similar credits 666 952
Interest expenses and similar charges (585) (1,122)
Other fi nancial income and expenses Note 11 (181) (504)
Income after fi nancial items 20,299 21,557
Income taxes Note 12 (3,981) (6,529)
Income for the period 16,318 15,028
Attributable to:
Equity holders of the parent company 16,268 14,932
Minority interests Note 13 50 96
16,318 15,028
Basic earnings per share, SEK Note 23 8.04 7.37
Diluted earnings per share, SEK Note 23 8.03 7.37