Consolidated statements of
comprehensive income

 

SEK in millions, except per share data

Note

 

Jan–Dec 2016

Jan–Dec 2015

Continuing operations

       

Net sales

C1, C5, C6

 

84,178

86,498

Cost of sales

C7

 

-50,691

-52,710

Gross profit

C1

 

33,487

33,788

Selling and marketing expenses

C1C7

 

-13,507

-14,269

Administrative expenses

C7

 

-5,620

-5,826

Research and development expenses

C7

 

-173

-147

Other operating income

C8

 

5,490

1,124

Other operating expenses

C8

 

-1,397

-3,457

Income from associated companies and joint ventures

C14

 

2,810

3,394

Operating income

C5

 

21,090

14,606

Finance income

C9

 

803

609

Finance costs

C9

 

-2,644

-3,526

Income after financial items

   

19,249

11,689

Income taxes

C10

 

-2,816

-2,157

Net income from continuing operations

   

16,433

9,532

Discontinued operations

       

Net income from discontinued operations1

C34

 

-9,937

673

Total net income

   

6,496

10,205

Items that may be reclassified to net income:

       

Foreign currency translation differences from continuing operations

C11

 

1,303

-6,868

Foreign currency translation differences from discontinued operations

C11C34

 

868

-5,478

Income from associated companies

C11C14

 

-340

-2

Cash flow hedges

C11

 

-128

614

Available-for-sale financial instruments

C11

 

134

-2

Income taxes relating to items that may be reclassified

C10C11

 

668

-667

Items that will not be reclassified to net income:

       

Remeasurements of defined benefit pension plans

C21

 

-1,297

4,322

Income tax relating to items that will not be reclassified

C10

 

276

-922

Associates' remeasurements of defined benefit pension plans

C14

 

-20

6

Other comprehensive income

   

1,463

-8,997

Total comprehensive income

   

7,959

1,208

         

Net income attributable to:

       

Owners of the parent

   

3,732

8,551

Non-controlling interests

C19

 

2,764

1,654

Total comprehensive income attributable to:

       

Owners of the parent

   

4,833

987

Non-controlling interests

C19

 

3,125

221

         

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

C19

 

0.86

1.97

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

   

3.76

2.16

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

   

-2.90

-0.19

1) Includes expenses for the provision for the settlement amount proposed by the US and Dutch authorities, see Note C34.