Annual Report 2012/13 - Clas Ohlson

Group
Income statement
SEK M
Note
1, 2
1 May 2012 1 May 2011
–30 Apr 2013 –30 Apr 2012
Net sales 6,518.9 6,260.0
Cost of goods sold 4,5,6 –3,809.5 –3,623.7
Gross profit 2,709.4 2,636.3
Selling expenses 4, 5, 6 –2,103.4 –1,906.6
Administrative expenses 4, 5, 6, 7 –173.9 –168.4
Other operating income 3 24.5 23.2
Other operating expenses 3 –26.0 –23.9
Operating profit 430.6 560.6
Financial items
Financial income 8 1.9 6.0
Financial expense 8 –12.6 –15.6
Profit before tax 419.9 551.0
Income tax 9 –88.4 –150.5
Net profit for the year 331.5 400.5
Number of shares, million 63.3 63.6
Earnings per share, SEK 10 5.23 6.29
(before and after dilution for
earnings attributable to the
Parent Company’s shareholders
during the year)
Proposed dividend per share,
SEK 11 4.25 4.25
Comprehensive income, Group
SEK M
1 May 2012 1 May 2011
–30 Apr 2013 –30 Apr 2012
Profit for the year 331.5 400.5
Other comprehensive income,
net after tax:
Exchange-rate difference –37.2 20.9
Cash-flow hedging 2.6 8.0
Other comprehensive income,
net after tax: –34.6 28.9
Comprehensive income for the
year 296.9 429.4
Cash flow statement
SEK M
1 May 2012
–30 Apr 2013
1 May 2011
–30 Apr 2012
Operating activities
Operating profit 430.6 560.6
Adjustment for non-cash items
– depreciation 197.7 179.1
– profit from sale/disposal of fixed items –0.5 –0.6
– other non-cash items 5.8 10.0
Interest received 1.9 6.0
Interest paid –12.6 –16.6
Tax paid –172.7 –77.3
Cash flow from operating activites before
changes in working capital 450.4 661.2
Cash flow from changes in working capital
– accounts receivables –4.5 –1.1
– inventories –91.8 209.1
– other receivables –17.7 –1.1
– accounts payables 117.2 66.0
– other current interest-free operating
liabilities 64.2 30.8
Cash flow from operating activities 517.8 964.9
Investing activities
Investments in intangible assets –36.8 –55.5
Investments in tangible assets –130.3 –151.4
Sale of equipment 0.6 0.6
Amortisation of financial assets - 0.2
Cash flow from investing activities –166.5 –206.1
Financing activities
Changes in current interest-bearing liabilities –30.0 –231.7
Bank loans
- new loans 150.0 -
- amortisation –150.0 –300.0
Repurchase of own shares –35.4 –11.2
Dividend to shareholders –269.0 –238.6
Cash flow from financing activities –334.4 –781.5
Cash flow from the year 16.9 –22.7
Cash and cash equivalents at start of year 111.8 132.6
Exchange-rate differences in cash and cash
equivalents –4.1 1.9
Cash and cash equivalents at end of year 124.6 111.8
60
Accounts