Volvo 2012 Annual Report Download - page 160

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Income statement
Full year, 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 303,647 (3,833) 299,814 –299,814 –299,814
Cost of sales (235,085) 3,281 (231,804) 412 (231,392) (223) (231,615)
Gross income 68,562 (552) 68,010 412 68,422 (223) 68,199
Research and development expenses (14,794) 81 (14,713) 78 (14,635) –(14,635)
Selling expenses (28,248) 180 (28,068) 174 (27, 894) –(27, 894)
Administrative expenses (5,669) 88 (5,581) 18 (5,563) –(5,563)
Other operating income and expenses (2,160) 60 (2,100) 4(2,096) –(2,096)
Income from investments in Joint
Venturesand associated companies (23) 122 99 –99 –99
Income from other investments (47) 5(42) –(42) –(42)
Operating income 17, 622 (17) 17,604 686 18,290 (223) 18,067
Interest income and similar credits 510 (57) 453 –453 –453
Interest expenses and similar charges (2,476) 20 (2,456) (493) (2,949) –(2,949)
Other financial income and expenses (301) 0(301) –(301) 223 (78)
Income after financial items 15,355 (54) 15,301 193 15,494 015,494
Income taxes (4,097) 45 (4,052) (64) ( 4 ,116 ) –(4 , 116 )
Income for the period 11, 258 (9) 11, 249 129 11,378 011, 378
Consolidated other
comprehensive income
      
Income for the period 11, 258 (9) 11, 249 129 11,378 011, 378
Exchange differences on translation
of foreign operations (3,916) 208 (3,708) 313 (3,395) –(3,395)
Share of OCI related to Joint Ventures and
associated companies –(191) (191) –(191) –(191)
Exchange differences on hedge
instruments of net investment
in foreign operations 0 – 0 – 0 – 0
Accumulated translation difference reversed
to income (118) –(118 ) –(118) –(118)
Available for sale investments (4) 347 343 –343 –343
Cash flow hedges 8 – 8 – 8 – 8
Remeasurements of defined benefit plan – – – (2,234) (2,234) –(2,234)
Other comprehensive income,
net of income taxes (4,030) 364 (3,666) (1,921) (5,587) 0(5,587)
Total comprehensive income
for the period* 7, 22 8 355 7, 583 (1,792) 5,791 05,791
* Attributable to
Equity holders of the parent company 7,092 –––––5,655
Minority interests 136 –––––136
7,228 – – – – – 5,791
Full year, 2012
NOTES TO FINANCIAL STATEMENTS
FINANCIAL INFORMATION 2012
156