Scania Annual Report 2011

quarterly data
147
Quarterly data, earnings
2011 2010
SEK m. unless otherwise stated Full year Q4 Q3 Q2 Q1 Full year Q4 Q3 Q2 Q1
Vehicles and Services
Net sales 87,686 22,891 21,130 22,973 20,692 78,168 22,505 18,558 20,602 16,503
Cost of goods sold –63,163 –16,860 –15,258 –16,625 –14,420 –54,504 –15,704 –12,571 –14,397 –11,832
Gross income 24,523 6,031 5,872 6,348 6,272 23,664 6,801 5,987 6,205 4,671
Research and development
expenses –4,440 –1,251 –984 –1,126 –1,079 –3,505 –993 –821 –881 –810
Selling expenses –7,014 –1,921 –1,737 –1,784 –1,572 –6,400 –1,771 –1,563 –1,608 –1,458
Administrative expenses –1,204 –268 –281 –262 –393 –1,200 –400 –270 –267 –263
Share of income in associated
companies and joint ventures 16 –4 10 6 4 16 8 4 4 0
Operating income,
Vehicles and Services 11,881 2,587 2,880 3,182 3,232 12,575 3,645 3,337 3,453 2,140
Financial Services
Interest and leasing income 4,372 1,162 1,117 1,070 1,023 4,197 1,096 1,029 1,044 1,028
Interest and depreciation
expenses –3,023 –798 –764 –738 –723 –3,026 –769 –738 –761 –758
Interest surplus 1,349 364 353 332 300 1,171 327 291 283 270
Other income 129 52 24 27 26 306 72 85 74 75
Other expenses –48 –11 –11 –11 –15 –240 –58 –69 –64 –49
Gross income 1,430 405 366 348 311 1,237 341 307 293 296
Selling and administrative
expenses –615 –169 –154 –150 –142 –573 –154 –147 –143 –129
Bad debt expenses –298 –82 –87 –67 –62 –493 –107 –108 –101 –177
Operating income,
Financial Services 517 154 125 131 107 171 80 52 49 –10
Operating income 12,398 2,741 3,005 3,313 3,339 12,746 3,725 3,389 3,502 2,130
Interest income 820 271 268 148 133 464 194 112 85 73
Interest expenses –559 –206 –170 –86 –97 –657 –160 –166 –164 –167
Other financial income 116 52 –78 –3 145 70 34 –11 24 23
Other financial expenses –163 –51 –48 –26 –38 –90 –17 28 –49 –52
Total financial items 214 66 –28 33 143 –213 51 –37 –104 –123
Income before taxes 12,612 2,807 2,977 3,346 3,482 12,533 3,776 3,352 3,398 2,007
Taxes –3,190 –675 –634 –913 –968 –3,430 –776 –1,045 –1,026 –583
Net income 9,422 2,132 2,343 2,433 2,514 9,103 3,000 2,307 2,372 1,424,
Attributable to:
Scania shareholders 9,422 2,132 2,343 2,433 2,514 9,103 3,000 2,307 2,372 1,424
Non-controlling interest 0 0 0 0 0 0 0 0 0 0
Earnings per share, SEK 1, 2 11.78 2.67 2.93 3.04 3.14 11.38 3.75 2.88 2.97 1.78
Operating margin, % 14.1 12.0 14.2 14.4 16.1 16.3 16.6 18.3 17.0 12.9
1 Attributable to Scania shareholders’ portion of earnings.
2 There are no dilution effects.
financial reports Scania 2011