results

Consolidated Income Statement and Statement of Comprehensive Income

Consolidated income statement

1)
Based on Net income attributable to stockholders of the Parent Company.
January–December, SEK million Notes 2012 2011 2010
Net sales C3, C4 227,779 226,921 203,348
Cost of sales –155,699 –147,200 –129,094
Gross income 72,080 79,721 74,254
Gross margin (%) 31.6% 35.1% 36.5%
Research and development expenses –32,833 –32,638 –31,558
Selling and administrative expenses –26,023 –26,683 –27,072
Operating expenses –58,856 –59,321 –58,630
Other operating income and expenses C6 8,965 1,278 2,003
Operating income before shares in earnings of joint ventures and associated companies 22,189 21,678 17,627
Operating margin before shares in earnings of joint ventures and associated companies (%) 9.7% 9.6% 8.7%
Share in earnings of joint ventures and associated companies C3, C12 –11,731 –3,778 –1,172
Operating income 10,458 17,900 16,455
Financial income C7 1,708 2,882 1,047
Financial expenses C7 –1,984 –2,661 –1,719
Income after financial items 10,182 18,121 15,783
Taxes C8 –4,244 –5,552 –4,548
Net income 5,938 12,569 11,235
Net income attributable to:
Stockholders of the Parent Company 5,775 12,194 11,146
Non-controlling interest 163 375 89
Other information
Average number of shares, basic (million) C9 3,216 3,206 3,197
Earnings per share attributable to stockholders of the Parent Company,
basic (SEK) 1)
C9 1.80 3.80 3.49
Earnings per share attributable to stockholders of the Parent Company,
diluted (SEK) 1)
C9 1.78 3.77 3.46

Consolidated statement of comprehensive income

January–December, SEK million Notes 2012 2011 2010
Net income 5,938 12,569 11,235
Other comprehensive income
Actuarial gains and losses, and the effect of the asset ceiling, related to pensions C16 –451 –6,963 3,892
Revaluation of other investments in shares and participations
Fair value remeasurement C16 6 7
Cash Flow hedges
Gains/losses arising during the period C16 1,668 996 966
Reclassification adjustments for gains/losses included in profit or loss C16 –568 –2,028 –238
Adjustments for amounts transferred to initial carrying amount of hedged items C16 92 –136
Changes in cumulative translation adjustments C16 –3,947 –964 –3,259
Share of other comprehensive income of joint ventures and associated companies C16 –486 –262 –434
Tax on items relating to components of Other comprehensive income C16 –422 2,158 –1,120
Total other comprehensive income –4,108 –7,063 –322
Total comprehensive income 1,830 5,506 10,913
Total Comprehensive Income attributable to:
Stockholders of the Parent Company 1,716 5,081 10,814
Non-controlling interest 114 425 99