Volvo 2012 Annual Report Download - page 158

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Income statement
Quarter 4, 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 71,793 (982) 70.811 –70,811 –70, 811
Cost of sales (57,046) 847 (56.199) 103 (56,096) (96) (56,192)
Gross income 14,746 (135) 14 ,611 103 14,714 (96) 14,618
Research and development expenses (3,847) 23 (3,824) 19 (3,805) –(3,805)
Selling expenses (7,458) 50 (7,408) 43 (7,365) –(7,365)
Administrative expenses (1,574) 22 (1,552) 5(1,547) –(1,547)
Other operating income and expenses (686) 11 (675) 1(674) –(674)
Income from investments in Joint
Venturesand associated companies (17) 32 15 –15 –15
Income from other investments (44) 0(44) –(44) –(44)
Operating income 1,121 41,124 171 1,295 (96) 1,199
Interest income and similar credits 295 (11) 284 –284 –284
Interest expenses and similar charges (708) 6(702) (124) (826) –(826)
Other financial income and expenses (48) 1(47) –(47) 96 49
Income after financial items 660 (1) 659 47 706 0706
Income taxes 181 (2) 179 (16) 163 –163
Income for the period 841 (3) 838 31 869 0869
Consolidated other
comprehensive income
      
Income for the period 841 (3) 838 31 869 0869
Exchange differences on translation of
foreign operations 72 92 164 (6) 158 –158
Share of OCI related Joint Ventures and
associated companies –(84) (84) –(84) –(84)
Exchange differences on hedge
instruments of net investment
in foreign operations 0 – 0 – 0 – 0
Accumulated translation difference reversed
to income (52) –(52) –(52) –(52)
Available for sale investments 32 134 166 –166 –166
Cash flow hedges 10 –10 –10 –10
Remeasurements of defined benefit plan – – – 796 796 –796
Other comprehensive income,
net of income taxes 62 142 204 790 994 0994
Total comprehensive income
for the period* 903 139 1,042 821 1,863 01,863
* Attributable to
Equity holders of the parent company 906 –––––1,866
Minority interests (3) –––––(3)
903 – – – – – 1,863
Quarter 4, 2012
NOTES TO FINANCIAL STATEMENTS
FINANCIAL INFORMATION 2012
154