Volvo 2012 Annual Report Download - page 152

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Income statement
Quarter 1, 2012 Volvo Group
SEK M
Previously
reported
2012
Restatement
Joint ventures
After Joint
venture
restatement
Restatement
post-
employment
benefits
After post-
employment
benefit
restatement
Restatement
hedging of
firm flows
After
restatements
Net sales 78,838 (1,035) 77,803 –77, 803 –77,803
Cost of sales (60,335) 860 (59,475) 103 (59,372) (156) (59,528)
Gross income 18,503 (175) 18,328 103 18,431 (156) 18,275
Research and development expenses (3,708) 18 (3,690) 20 (3,670) –(3,670)
Selling expenses (6,899) 39 (6,860) 44 (6,816) –(6,816)
Administrative expenses (1, 241) 25 (1,216) 4(1,212) –(1,212)
Other operating income and expenses (423) 18 (405) 1(404) –(404)
Income from investments in Joint Ventures
and associated companies 854 62 –62 –62
Income from other investments 0 6 6 – 6 – 6
Operating income 6,239 (15) 6,224 172 6,396 (156) 6,240
Interest income and similar credits 142 (17) 125 –125 –125
Interest expenses and similar charges (695) 3(692) (123) (815) –(815)
Other financial income and expenses (84) 0(84) –(84) 156 72
Income after financial items 5,602 (29) 5,573 49 5,622 05,622
Income taxes (1,510) 29 (1,481) (16) (1,497) –(1,497)
Income for the period 4,092 04,092 33 4,125 04,125
Consolidated other
comprehensive income
      
Income for the period 4,092 04,092 33 4,125 04,125
Exchange differences on translation
of foreign operations (1,373) 15 (1,358) 111 (1,247) –(1,247)
Share of OCI related to Joint Ventures
and associated companies –(15) (15) –(15) –(15)
Exchange differences on hedge
instruments of net investment in
foreign operations 0 – 0 – 0 – 0
Accumulated translation difference reversed
to income (66) –(66) –(66) –(66)
Available for sale investments 91 149 240 –240 –240
Cash flow hedges (7) –(7) –(7) –(7)
Remeasurements of defined benefit plan –––1,070 1,070 –1,070
Other comprehensive income,
net of income taxes (1,355) 149 (1,206) 1,181 (25) –(25)
Total comprehensive income
for the period* 2,737 149 2,885 1,214 4,099 –4,099
* Attributable to
Equity holders of the parent company 2,702 –––––4,064
Minority interests 35 – – – – – 35
2,737 – – – – – 4,099
Quarter 1, 2012
NOTES TO FINANCIAL STATEMENTS
FINANCIAL INFORMATION 2012
148