Volvo 2012 Annual Report Download - page 154

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Income statement
Quarter 2, 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 83,904 (961) 82,943 –82,943 –82,943
Cost of sales (63,566) 831 (62,735) 103 (62,632) 207 (62,425)
Gross income 20,338 (130) 20,208 103 20, 311 207 20,518
Research and development expenses (3,923) 21 (3,902) 20 (3,882) –(3,882)
Selling expenses (7,283) 44 (7,239) 44 (7,195) –(7,195)
Administrative expenses (1,518) 19 (1,499) 4(1,495) –(1,495)
Other operating income and expenses (248) 16 (232) 1(231) –(231)
Income from investments in Joint
Venturesand associated companies (7) 24 17 –17 –17
Income from other investments (26) 1(25) –(25) –(25)
Operating income 7,335 (5) 7, 330 172 7, 502 207 7,709
Interest income and similar credits 51 (16) 35 –35 –35
Interest expenses and similar charges (586) 6(580) (123) (703) –(703)
Other financial income and expenses (36) (1) (37) –(37) (207) (244)
Income after financial items 6,764 (17) 6,747 49 6,796 06,796
Income taxes (1,820) 13 (1,807) (16) (1,823) –(1,823)
Income for the period 4,943 (4) 4,939 33 4,972 04,972
Consolidated other
comprehensive income
      
Income for the period 4,943 (4) 4.939 33 4,972 04,972
Exchange differences on translation
of foreign operations 159 97 256 (13) 243 –243
Share ofOCI related to Joint Ventures and
associated companies -(87) (87) –(87) (87)
Exchange differences on hedge
instruments of net investment
in foreign operations 0 – 0 – 0 – 0
Accumulated translation difference reversed
to income 0 – 0 – 0 – 0
Available for sale investments (90) (36) (126) –(126) –(126)
Cash flow hedges 8 – 8 – 8 – 8
Remeasurements of defined benefit plan – – – (1,682) (1,682) –(1,682)
Other comprehensive income,
net of income taxes 77 (27) 50 (1,695) (1,645) –(1,645)
Total comprehensive income
for the period* 5,020 (30) 4,990 (1,662) 3,328 –3,328
* Attributable to
Equity holders of the parent company 4,894 – – – – – 3,202
Minority interests 126 –––––126
5,020 –––––3,328
Quarter 2, 2012
NOTES TO FINANCIAL STATEMENTS
FINANCIAL INFORMATION 2012
150