Volvo 2008 Annual Report Download - page 79

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Financial information 2008
75
Consolidated income statements
SEK M 2007 2008
Net sales Note 7 285,405 303,667
Cost of sales (219,600) (237,578)
Gross income 65,805 66,089
Research and development expenses Note 7 (11,059) (14,348)
Selling expenses (26,068) (27,129)
Administrative expenses (7,133) (6,940)
Other operating income and expenses Note 8 163 (1,915)
Income from investments in associated companies Note 7, 9 430 25
Income from other investments Note 10 93 69
Operating income Note 7 22,231 15,851
Interest income and similar credits 952 1,171
Interest expenses and similar charges (1,122) (1,935)
Other fi nancial income and expenses Note 11 (504) (1,077)
Income after fi nancial items 21,557 14,010
Income taxes Note 12 (6,529) (3,994)
Income for the period 15,028 10,016
Attributable to:
Equity holders of the parent company 14,932 9,942
Minority interests Note 13 96 74
15,028 10,016
Basic earnings per share, SEK Note 23 7.37 4.90
Diluted earnings per share, SEK Note 23 7.37 4.90