Consolidated statements of comprehensive income

SEK in millions, except per share data

Note

 

Jan–Dec 2017

Jan–Dec 2016

Continuing operations

       

Net sales

C5, C6

 

79,867

84,178

Cost of sales

C7

 

-49,166

-50,691

Gross profit

   

30,701

33,487

Selling and marketing expenses

C7

 

-12,726

-13,507

Administrative expenses

C7

 

-5,477

-5,620

Research and development expenses

C7

 

-286

-173

Other operating income

C8

 

1,984

5,490

Other operating expenses

C8

 

-1,284

-1,397

Income from associated companies and joint ventures

C14

 

778

2,810

Operating income

C5

 

13,690

21,090

Finance income

C9

 

496

803

Finance costs

C9

 

-4,730

-2,644

Income after financial items

   

9,457

19,249

Income taxes

C10

 

-1,041

-2,816

Net income from continuing operations

   

8,416

16,433

Discontinued operations

       

Net income from discontinued operations

C34

 

1,729

-9,937

Total net income

   

10,146

6,496

Items that may be reclassified to net income:

       

Foreign currency translation differences from continuing operations

C11

 

10,831

1,303

Foreign currency translation differences from discontinued operations

C11, C34

 

-1,754

868

Income from associated companies

C11, C14

 

138

-340

Cash flow hedges

C11

 

-147

-128

Available-for-sale financial instruments

C11

 

729

134

Income taxes relating to items that may be reclassified

C10, C11

 

267

668

Items that will not be reclassified to net income:

       

Remeasurements of defined benefit pension plans

C21

 

-406

-1,297

Income tax relating to items that will not be reclassified

C10

 

92

276

Associates' remeasurements of defined benefit pension plans

C14

 

-25

-20

Other comprehensive income

   

9,725

1,463

Total comprehensive income

   

19,870

7,959

         

Net income attributable to:

       

Owners of the parent

   

9,608

3,732

Non-controlling interests

C19

 

537

2,764

Total comprehensive income attributable to:

       

Owners of the parent

   

19,715

4,833

Non-controlling interests

   

155

3,125

         

Earnings per share (SEK), basic and diluted, total

C19

 

2.22

0.86

Earnings per share (SEK), basic and diluted, continuing operations

   

1.90

3.76

Earnings per share (SEK), basic and diluted, discontinued operations

   

0.32

-2.90