Annual Report 2012/13 - Clas Ohlson

Parent Company
Income statement
SEK M
Note
1, 2
1 May 2012
–30 Apr 2013
1 May 2011
–30 Apr 2012
Net sales 23 5,157.4 4,924.3
Cost of goods sold 4, 23 –3,738.8 –3,451.1
Gross profit 1,418.6 1,473.2
Selling expenses 4,5,6 –967.7 –866.0
Administrative expenses 4,5,6,7 –134.1 –128.5
Other operating income 3 24.1 23.1
Other operating expenses 3 –24.9 –23.9
Operating profit 4,5,6,7 316.0 477.9
Financial items
Interest income 8 6.9 22.2
Interest expenses 8 –15.9 –19.5
Profit after financial terms 307.0 480.6
Appropriations 25 –100.9 –148.6
Profit before tax 206.1 332.0
Income tax 9 –60.1 –85.6
Net profit for the year 146.0 246.4
Proposed dividend per share,
SEK 11 4.25 4.25
(before and after dilution)
Comprehensive income
Parent Company
SEK M
1 May 2012
–30 Apr 2013
1 May 2011
–30 Apr 2012
Profit for the year 146.0 246.4
Other comprehensive income,
net after tax:
Income from hedge of net investment
in foreign operations –21.0 12.4
Comprehensive income for the year 125.0 258.8
Cash-flow statement
1 May 2012 1 May 2011
SEK M
–30 Apr 2013 –30 Apr 2012
Operating activites
Operating profit 316.0 477.9
Adjustment for non-cash items
– depreciation 129.5 112.7
– profit from sale/disposal of fixed assets –0.2 1.0
– other non-cash items 5.4 20.5
Interest received 6.9 22.2
Interest paid –15.9 –20.5
Tax paid –149.8 –52.3
Cash flow from operating activites before
change in working capital 291.9 561.5
Cash flow from changes in working capital
– accounts receivable –2.6 –2.8
– inventories –28.5 182.2
– other receivables –98.9 –14.2
– accounts payable 116.6 60.1
– other current interest-free operating liabilities
–111.9 129.6
Cash flow from operating activities 166.6 916.4
Investing activities
Investments in intangible assets –36.8 –55.5
Investments in tangible assets –46.6 –64.0
Sale of equipment 0.3 0.5
Cash flow from investing activities –83.1 –119.0
Financing activities
Repurchase of shares –35.4 –11.2
Overdraft facility 191.6 -
Change in current interest-bearing liabilities –30.0 –231.7
Bank loans
- new loans 150.0 -
- amortisation –150.0 –300.0
Dividend to shareholders –269.0 –238.6
Cash flow from financing activities –142.8 –781.5
Cash flow for the year –59.3 15.9
Cash and cash equivalents at start of year 86.1 70.2
Cash and cash equivalents at end of year 26.8 86.1
62
Accounts