Volvo 2013 Annual Report Download - page 171

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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
benefi ts
After post-
employment
benefi t
restatement
Restatement
hedging of
fi r m fl o w s
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 fi nancial income and expenses (301) 0 (301) – (301) 223 (78)
Income after fi nancial items 15,355 (54) 15,301 193 15,494 0 15,494
Income taxes (4,097) 45 (4,052) (64) (4,116) – (4,116)
Income for the period 11,258 (9) 11,249 129 11,378 0 11,378
Consolidated other
comprehensive income

Income for the period 11,258 (9) 11,249 129 11,378 0 11,378
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)347343 –343 –343
Cash fl ow hedges 8–8–8–8
Remeasurements of defi ned benefi t 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 7,228 355 7,583 (1,792) 5,791 0 5,791
Attributable to
Equity holders of the parent company 7,092–––––5,655
Minority interests 136–––––136
7,228 – – – – – 5,791
167