Consolidated Income Statement and Statement of Comprehensive Income
| CONSOLIDATED INCOME STATEMENT | |||||
| January–December, SEK million | Notes | 2011 | 2010 | 2009 | |
| Net sales | C3, C4 | 226,921 | 203,348 | 206,477 | |
| Cost of sales | –147,200 | –129,094 | –136,278 | ||
| Gross income | 79,721 | 74,254 | 70,199 | ||
| Gross margin (%) | 35.1% | 36.5% | 34.0% | ||
| Research and development expenses | –32,638 | –31,558 | –33,055 | ||
| Selling and administrative expenses | –26,683 | –27,072 | –26,908 | ||
| Operating expenses | –59,321 | –58,630 | –59,963 | ||
| Other operating income and expenses | C6 | 1,278 | 2,003 | 3,082 | |
| Operating income before shares in earnings of joint ventures and associated companies | 21,678 | 17,627 | 13,318 | ||
| Operating margin before shares in earnings of joint ventures and associated companies (%) | 9.6% | 8.7% | 6.5% | ||
| Share in earnings of joint ventures and associated companies | C12 | –3,778 | –1,172 | –7,400 | |
| Operating income | 17,900 | 16,455 | 5,918 | ||
| Financial income | C7 | 2,882 | 1,047 | 1,874 | |
| Financial expenses | C7 | –2,661 | –1,719 | –1,549 | |
| Income after financial items | 18,121 | 15,783 | 6,243 | ||
| Taxes | C8 | –5,552 | –4,548 | –2,116 | |
| Net income | 12,569 | 11,235 | 4,127 | ||
| Net income attributable to: | |||||
| Stockholders of the Parent Company | 12,194 | 11,146 | 3,672 | ||
| Non-controlling interest | 375 | 89 | 455 | ||
| Other information | |||||
| Average number of shares, basic (million) | C9 | 3,206 | 3,197 | 3,190 | |
| Earnings per share attributable to stockholders of the Parent Company, basic (SEK) 1) | C9 | 3.80 | 3.49 | 1.15 | |
| Earnings per share attributable to stockholders of the Parent Company, diluted (SEK) 1) | C9 | 3.77 | 3.46 | 1.14 | |
| 1) Based on Net income attributable to stockholders of the Parent Company. | |||||
| Consolidated statement of comprehensive income | |||||
| January–December, SEK million | Notes | 2011 | 2010 | 2009 | |
| Net income | 12,569 | 11,235 | 4,127 | ||
| Other comprehensive income | |||||
| Actuarial gains and losses, and the effect of the asset ceiling, related to pensions | C16 | –6,963 | 3,892 | –633 | |
| Revaluation of other investments in shares and participations | |||||
| Fair value remeasurement | C16 | – | 7 | –2 | |
| Cash Flow hedges | |||||
| Gains/losses arising during the period | C16 | 996 | 966 | 665 | |
| Reclassification adjustments for gains/losses included in profit or loss | C16 | –2,028 | –238 | 3,850 | |
| Adjustments for amounts transferred to initial carrying amount of hedged items | C16 | – | –136 | –1,029 | |
| Changes in cumulative translation adjustments | C16 | –964 | –3,259 | –1,067 | |
| Share of other comprehensive income of joint ventures and associated companies | C16 | –262 | –434 | –259 | |
| Tax on items relating to components of Other comprehensive income | C16 | 2,158 | –1,120 | –1,040 | |
| Total other comprehensive income | –7,063 | –322 | 485 | ||
| Total comprehensive income | 5,506 | 10,913 | 4,612 | ||
| Total Comprehensive Income attributable to: | |||||
| Stockholders of the Parent Company | 5,081 | 10,814 | 4,211 | ||
| Non-controlling interest | 425 | 99 | 401 | ||
