Volvo 2009 Annual Report Download - page 71

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Consolidated income statements
SEK M 2008 2009
Net sales Note 7 304,642 218,361
Cost of sales (238,928) (186,167)
Gross income 65,713 32,194
Research and development expenses Note 7 (14,348) (13,193)
Selling expenses (27,129) (25,334)
Administrative expenses (6,940) (5,863)
Other operating income and expenses Note 8 (1,539) (4,798)
Income from investments in associated companies Note 7, 9 25 (14)
Income from other investments Note 10 69 (6)
Operating income Note 7 15,851 (17,013)
Interest income and similar credits 1,171 390
Interest expenses and similar charges (1,935) (3,559)
Other financial income and expenses Note 11 (1,077) (392)
Income after financial items 14,010 (20,573)
Income taxes Note 12 (3,994) 5,889
Income for the period 10,016 (14,685)
Attributable to:
Equity holders of the parent company 9,942 (14,718)
Minority interests Note 13 74 33
10,016 (14,685)
Basic earnings per share, SEK Note 23 4.90 (7.26)
Diluted earnings per share, SEK Note 23 4.90 (7.26)
Other comprehensive income
Income for the period 10,016 (14,685)
Exchange differences on translation of foreign
operations 6,149 (1,246)
Exchange differences on hedge instruments of net
investment in foreign operations (414) 159
Accumulated translation difference reversed to income (82) (136)
Available-for-sale investments (459) 86
Cash flow hedges (2,249) 2,313
Other comprehensive income, net of income taxes 2,945 1,176
Total comprehensive income for the period 12,961 (13,509)
Attributable to:
Equity holders of the parent company 12, 874 (13,561)
Minority interests 87 52
12,961 (13,509)
67