Scania Annual Report 2011
Scania Annual Report 2011 Scania Annual Report 2011
80 consolidated income statements Consolidated income statements January – December, SEK m. Note 2011 2010 2009 Vehicles and Services Net sales 4 87,686 78,168 62,074 Cost of goods sold 5 –63,163 –54,504 –48,890 Gross income 24,523 23,664 13,184 Research and development expenses 1 5 –4,440 –3,505 –3,216 Selling expenses 5 –7,014 –6,400 –6,407 Administrative expenses 5 –1,204 –1,200 –918 Share of income in associated companies and joint ventures 13 16 16 5 Operating income, Vehicles and Services 11,881 12,575 2,648 Financial Services 6 Interest and lease income 4,372 4,197 4,666 Interest and depreciation expenses –3,023 –3,026 –3,514 Interest surplus 1,349 1,171 1,152 Other income 129 306 306 Other expenses –48 –240 –262 Gross income 1,430 1,237 1,196 Selling and administrative expenses 5 –615 –573 –538 Bad debt expenses –298 –493 –833 Operating income, Financial Services 517 171 –175 Operating income 12,398 12,746 2,473 Interest income 820 464 407 Interest expenses –559 –657 –1,129 Other financial income 116 70 227 Other financial expenses –163 –90 –376 Total financial items 7 214 –213 –871 Income before taxes 12,612 12,533 1,602 Taxes 8 –3,190 –3,430 –473 Net income 9,422 9,103 1,129 1 Total research and development expenditures during the year amounted to SEK 4,658 m. (3,688 and 3,234, respectively). financial reports Scania 2011
81 Consolidated income statements, continued January – December, SEK m. Note 2011 2010 2009 Other comprehensive income 16 Exchange rate differences –719 –1,146 188 Hedge of net investments in foreign operations – – –1 Cash flow hedges change in value for the year 62 634 719 reclassification to operating income –12 –747 2,155 Actuarial gains/losses on pensions 17 –356 –348 –84 Income tax relating to components of other comprehensive income 79 37 –741 Total other comprehensive income –946 –1,570 2,236 Total comprehensive income for the year 8,476 7,533 3,365 Net income attributable to: Scania shareholders 9,422 9,103 1,129 Non-controlling interest 0 0 0 Total comprehensive income attributable to: Scania shareholders 8,476 7,533 3,365 Non-controlling interest 0 0 0 Operating income includes depreciation of 2 10 –2,630 –2,565 –2,772 3 Earnings per share, SEK 9 11.78 11.38 1.41 2 Value decrease in operational leases is not included. 3 There are no potential dilution effects. financial reports Scania 2011
- Page 31 and 32: SCANIA’S STRATEGY 29 service tech
- Page 33: SCANIA’S STRATEGY 31 Experience s
- Page 36 and 37: 34 MARKET Lastbilar nettoomsättnin
- Page 38 and 39: 36 production
- Page 40 and 41: 38 production Greater flexibility w
- Page 42 and 43: 40 RESEARCH AND DEVELOPMENT
- Page 44 and 45: 42 RESEARCH AND DEVELOPMENT Scania
- Page 46 and 47: 44 SCANIA’S SUSTAINABILITY WORK R
- Page 48 and 49: 46 SCANIA’S SUSTAINABILITY WORK K
- Page 50 and 51: 48 SCANIA’S SUSTAINABILITY WORK S
- Page 52 and 53: 50 SCANIA’S SUSTAINABILITY WORK S
- Page 54 and 55: 52 SCANIA’S SUSTAINABILITY WORK C
- Page 56 and 57: 54 SCANIA’S SUSTAINABILITY WORK M
- Page 58 and 59: 56 Scania share data Scania share d
- Page 60 and 61: 58 Annual General Meeting and Finan
- Page 62 and 63: 60 Risks and risk management servic
- Page 64 and 65: 62 Risks and risk management Produc
- Page 66 and 67: 64 CORPORATE GOVERNANCE REPORT owne
- Page 68 and 69: 66 CORPORATE GOVERNANCE REPORT The
- Page 70 and 71: 68 CORPORATE GOVERNANCE REPORT by t
- Page 72 and 73: 70 BOARD OF DIRECTORS Board of Dire
- Page 74 and 75: 72 EXECUTIVE BOARD AND CORPORATE UN
- Page 76 and 77: financial reports Amounts in tables
- Page 78 and 79: 76 group financial review Group fin
- Page 80 and 81: 78 group financial review During 20
- Page 84 and 85: 82 consolidated balance sheets Cons
- Page 86 and 87: 84 Consolidated statement of change
- Page 88 and 89: 86 notes to the consolidated financ
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81<br />
Consolidated income statements, continued<br />
January – December, SEK m. Note <strong>2011</strong> 2010 2009<br />
Other comprehensive income 16<br />
Exchange rate differences –719 –1,146 188<br />
Hedge of net investments in foreign operations – – –1<br />
Cash flow hedges<br />
change in value for the year 62 634 719<br />
reclassification to operating income –12 –747 2,155<br />
Actuarial gains/losses on pensions 17 –356 –348 –84<br />
Income tax relating to components of other comprehensive income 79 37 –741<br />
Total other comprehensive income –946 –1,570 2,236<br />
Total comprehensive income for the year 8,476 7,533 3,365<br />
Net income attributable to:<br />
<strong>Scania</strong> shareholders 9,422 9,103 1,129<br />
Non-controlling interest 0 0 0<br />
Total comprehensive income attributable to:<br />
<strong>Scania</strong> shareholders 8,476 7,533 3,365<br />
Non-controlling interest 0 0 0<br />
Operating income includes depreciation of 2 10 –2,630 –2,565 –2,772<br />
3<br />
Earnings per share, SEK 9 11.78 11.38 1.41<br />
2 Value decrease in operational leases is not included.<br />
3 There are no potential dilution effects.<br />
financial reports <strong>Scania</strong> <strong>2011</strong>