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This chapter is covered by the Auditors' Report.

Consolidated Income Statement

Years ended December 31,
SEK million
Notes 2008 2007 2006 1)
Net sales C3, C4 208,930 187,780 179,821
Cost of sales –134,661 –114,059 –104,875
Gross income 74,269 73,721 74,946
Gross margin % 35.5% 39.3% 41.7%
       
Research and development expenses –33,584 –28,842 –27,533
Selling and administrative expenses –26,974 –23,199 –21,422
Operating expenses –60,558 –52,041 –48,955
       
Other operating income and expenses C6 2,977 1,734 3,903
Share in earnings of joint ventures and associated companies C12 –436 7,232 5,934
Operating income 16,252 30,646 35,828
Operating margin % 7.8% 16.3% 19.9%
       
Financial income C7 3,458 1,778 1,954
Financial expenses C7 –2,484 –1,695 –1,789
Income after financial items 17,226 30,729 35,993
       
Taxes C8 –5,559 –8,594 –9,557
Net income 11,667 22,135 26,436
       
Net income attributable to:
Stockholders of the Parent Company 11,273 21,836 26,251
Minority interest 394 299 185
       
Other information
Average number of shares, basic (million) 2) C9 3,183 3,178 3,174
Earnings per share attributable to stockholders of the Parent Company, basic (SEK) 2) C9 3.54 6.87 8.27
Earnings per share attributable to stockholders of the Parent Company, diluted (SEK) 2) C9 3.52 6.84 8.23