Saab 2013 Annual Report Download - page 63

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1 January – 31 December
MSEK Note 2013 2012
Sales 3, 4 23,750 24,010
Cost of goods sold -17,422 -16,802
Gross income 6,328 7,208
Other operating income 5 204 338
Marketing expenses -2,082 -2,191
Administrative expenses -1,111 -1,215
Research and development costs -1,762 -2,096
Other operating expenses 6 -257 -19
Share in income of associated companies 21 25 25
Operating income 10, 11, 12 1,345 2,050
Share in income of associated companies 21 - 2
Financial income 62 153
Financial expenses -428 -202
Net financial items 13 -366 -47
Income before taxes 979 2,003
Taxes 15 -237 -443
Net income for the year 742 1,560
Attributable to:
Parent Company’s shareholders 741 1,585
Non-controlling interest 1 -25
Earnings per share before dilution (SEK) 34 6.98 15.00
Earnings per share after dilution (SEK) 34 6.79 14.52
2012 is restated according to the changed accounting principles for pensions (IAS19)
CONSOLIDATED
INCOME STATEMENT
ORDERS
Order bookings in 2013 were on a much higher level than in
2012. The increase was mainly due to orders received during the
year from FMV, for the development and serial production of
GripenE, totalling SEK 29.8 billion.
In all, 87 per cent (76) of order bookings were attributable to de-
fence-related operations and 30 per cent (57) were attributable to
customers outside Sweden.
During 2013, index and price changes had a positive effect on
order bookings of MSEK 97 compared to MSEK 148 in 2012.
Orders received, where the total order value exceeded
MSEK100, represented 80per cent (52) of total order bookings.
The order backlog at the year-end amounted to MSEK59,870,
compared to MSEK 34,151 at the beginning of the year.
Order backlog duration :
2014: SEK 17.4 billion
2015: SEK 10.8 billion
2016: SEK 8.1 billion
2017: SEK 11.1 billion
After 2017: SEK 12.5 billion
SALES
Sales during 2013 decreased by 1 per cent compared to
2012.
Acquisitions contributed to the increase in sales by 2 per cent,
however offset by a negative impact from currency effects of
1per cent.
Sales in markets outside Sweden amounted to MSEK 13,936
(15,245), or 59 per cent (64) of total sales.
81 per cent (82) of sales were related to the defence market.
SALES BY MARKET REGION
MSEK
Jan-Dec
2013
Jan-Dec
2012
Sweden 9,814 8,765
EU excluding Sweden 3,933 4,640
Rest of Europe 621 390
Americas 2,987 2,780
Asia 4,311 4,886
Africa 930 1,345
Australia, etc. 1,154 1,204
Total 23,750 24,010
SALES BY MARKET SEGMENTS
MSEK
Jan-Dec
2013
Jan-Dec
2012
Air 10,693 9,283
Land 6,462 7,997
Naval 2,292 2,569
Civil Security 1,979 1,837
Commercial Aeronautics 1,615 1,477
Other 709 847
Total 23,750 24,010
FINANCIAL INFORMATION > FINANCIAL STATEMENTS
SAAB ANNUAL REPORT 2013 59