Consolidated income statement and cash flow statement

Consolidated income statement

 2002
EUR M1) 		2002
SEK M 		2001
SEK M 		2000
SEK M 
Sales (Note 1)2,778.7 25,396.9 22,510.0 14,394.1 
Cost of goods sold-1,698.7 -15,525.9 -13,863.1 -8,567.6 
Gross income1,080.0 9,871.0 8,646.9 5,826.5 
Selling expenses-441.9 -4,038.6 -3,716.1 -2,496.1 
Administrative expenses (Note 3)-190.6 -1,742.0 -1,420.1 -946.1 
Research and development costs-46.9 -428.9 -367.0 -233.3 
Other operating income13.0 118.9 146.7 105.4 
Other operating expenses-20.3 -185.4 -131.2 -149.2 
Operating income before
goodwill amortization (Notes 2,5)		393.3 3,595.0 3,159.2 2,107.2 
Goodwill amortization (Note 4)-104.7 -957.1 -860.4 -387.0 
Non-recurring items (Note 7)- - -166.0 - 
Operating income288.6 2,637.9 2,132.8 1,720.2 
Financial items (Note 8)-69.0 -631.1 -664.4 -330.6 
Share in earnings of associated        
companies0.9 8.2 7.2 12.4 
Income before tax220.5 2,015.0 1,475.6 1,402.0 
Income tax (Note 9)-70.1 -639.9 -465.5 -443.8 
Other taxes-5.4 -49.2 -41.9 -9.3 
Minority interests-6.1 -56.0 -19.6 -33.8 
Net income138.9 1,269.9 948.6 915.1 
Earnings per share after tax
and before conversion, SEK*		  3.53 2.99*** 2.76 
Earnings per share after tax
and full conversion, SEK**		  3.53 2.98*** 2.73 
Earnings per share after tax
and full conversion excluding goodwill, SEK**		  6.13 5.39*** 3.88 

* Numbers of shares, in thousands, used in the calculations are 359,952 for 2002, 353,236 for 2001 and 331,813 for 2000.

** Numbers of shares, in thousands, used in the calculations are 366,716 for 2002, 357,276 for 2001 and 338,051 for 2000.

*** Excluding non-recurring items

 

Consolidated cash flow statement

 2002
EUR M1) 		2002
SEK M 		2001
SEK M 		2000
SEK M 
OPERATING ACTIVITIES        
Operating income288.6 2,637.9 2,132.8 1,720.2 
Depreciation and amortization (Note 4)208.7 1,907.1 1,721.1 985.2 
Adjustment for non-recurring items- - 166.0 - 
Adjustment for non-cash items (Note 25)-0.6 -5.7 43.0 -1.6 
Cash flow before interest and tax496.7 4,539.3 4,062.8 2,703.8 
Paid and received interest (Note 25)-63.5 -580.6 -817.4 -356.9 
Income tax paid-56.6 -516.9 -537.1 -453.2 
Cash flow before changes in
working capital		376.6 3,441.8 2,708.3 1,893.7 
Change in working capital (Note 25)44.3 404.9 -77.1 -94.3 
Cash flow from operating activities420.9 3,846.7 2,631.2 1,799.4 
INVESTING ACTIVITIES        
Acquisitions/disposals of tangible        
fixed assets (Note 25)-91.8 -838.9 -829.9 -496.9 
Investments in subsidiaries (Note 25)-374.8 -3,425.3 -6,286.9 -4,672.4 
Investments in associated
companies (Note 25)		-1.0 -9.3 - - 
Other investments (Note 25)0.6 5.5 4.6 -19.9 
Cash flow from
investing activities		-467.0 -4,268.0 -7,112.2 -5,189.2 
FINANCING ACTIVITIES        
New share issues136.1 1,243.7 - 1,509.9 
Dividends paid-38.7 -353.8 -317.8 -237.5 
Net cash effect of changes        
in borrowings-35.3 -322.3 4,577.2 3,336.3 
Cash flow from financing activities62.1 567.6 4,259.4 4,608.7 
CASH FLOW (Note 25)16.0 146.3 -221.6 1,218.9 
CHANGE IN NET DEBT        
Net debt at 1 January 2)1,695.9 15,534.2 8,559.9 2,997.7 
Operating cash flow-385.6 -3,524.7 -2,338.4 -1,755.7 
Tax paid56.6 516.9 537.1 453.2 
Acquisitions390.4 3,568.7 7,254.9 8,164.0 
New share issues-136.1 -1,243.7 - -1,509.9 
Dividends38.7 353.8 317.8 237.5 
Translation differences-132.7 -1,216.3 1,202.9 -26.9 
Net debt at 31 December 2)1,527.2 13,988.9 15,534.2 8,559.9 
OPERATING CASH FLOW        
Cash flow from operating activities420.9 3,846.7 2,631.2 1,799.4 
Acquisitions/disposals of tangible
fixed assets (Note 25)		-91.8 -838.9 -829.9 -496.9 
Adjustment for income tax paid56.6 516.9 537.1 453.2 
Operating cash flow385.6 3,524.7 2,338.4 1,755.7 

 
1) EUR/SEK average rate 9.14
2) EUR/SEK rate at 31 Dec 9.16