Volvo 2010 Annual Report Download - page 71

Download and view the complete annual report

Please find page 71 of the 2010 Volvo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 154

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154

CONSOLIDATED INCOME STATEMENT
SEK M 2009 2010
Net sales Note 7 218,361 264,749
Cost of sales (186,167) (201,797)
Gross income 32,194 62,952
Research and development expenses Note 7 (13,193) (12,970)
Selling expenses (25,334) (24,149)
Administrative expenses (5,863) (5,666)
Other operating income and expenses Note 8 (4,798) (2,023)
Income from investments in associated companies Note 7, 9 (14) (86)
Income from other investments Note 10 (6) (58)
Operating income Note 7 (17,013) 18,000
Interest income and similar credits 390 442
Interest expenses and similar charges (3,559) (3,142)
Other financial income and expenses Note 11 (392) 213
Income after financial items (20,573) 15,514
Income taxes Note 12 5,889 (4,302)
Income for the period (14,685) 11,212
Attributable to:
Equity holders of the Parent Company (14,718) 10,866
Minority interests Note 13 33 346
(14,685) 11,212
Basic earnings per share, SEK Note 23 (7.26) 5.36
Diluted earnings per share, SEK Note 23 (7.26) 5.36
Income for the period (14,685) 11,212
Translationdifferences onforeign operations (1,246) (3,891)
Translation differences on hedge instruments of net
investment in foreign operations 159 113
Accumulated translation difference reversed to income (136) (95)
Available-for-sale investments 86 148
Change in cash flow hedge reserve 2,313 (156)
Other comprehensive income, net of income taxes 1,176 (3,881)
Total comprehensive income for the period (13,509) 7,331
Attributable to:
Equity holders of the Parent Company (13,561) 7,016
Minority interests 52 315
(13,509) 7,331
OTHER COMPREHENSIVE INCOME
67