Annual report 2011 - Trelleborg

CONSOLIDATED INCOME
STATEMENTS
sek m Note 2011 2010
Continuing operations:
Net sales 2 29,106 27,196
Cost of goods sold –21,483 –19,897
Gross profit 7,623 7,299
Selling expenses –2,200 –2,124
Administrative expenses –2,590 –2,490
R&D costs –574 –577
Other operating income 6 368 302
Other operating expenses 6 –207 –388
Share of profit or loss in associated companies 7 11 14
Operating profit 3, 4, 5, 8, 9, 10 2,431 2,036
Financial income 11 31 18
Financial expenses 11 –240 –236
Profit before tax 2,222 1,818
Tax 12 –644 –534
Net profit 1,578 1,284
Discontinued operations: 25
Net sales 44 1,582
Operating profit/loss 258 –84
Profit/loss before tax 258 –86
Net profit/loss 260 –101
Group:
Total net sales 29,150 28,778
Total operating profit 2,689 1,952
Total profit before tax 2,480 1,732
Total net profit 1,838 1,183
Attributable to:
– shareholders of the Parent Company 1,819 1,162
– non-controlling interests 13 19 21
Earnings per share, SEK 2011 2010
Continuing operations:
Earnings 5.75 4.65
Discontinued operations:
Earnings 0.95 –0.35
Total:
Earnings 6.70 4.30
Diluted earnings 6.70 4.30
Earnings, excluding items affecting comparability 1) 6.30 5.35
Dividend 2) 2.50 1.75
Number of shares
Average 271,071,783 271,071,783
Average, after dilution 271,071,783 271,071,783
1) Net earnings have been adjusted for items affecting comparability, sek m –149 –190
2) As proposed by the Board of Directors and the President
Statements of comprehensive income
sek m 2011 2010
Net profit 1,838 1,183
Other comprehensive income
Cash-flow hedges –74 24
Hedging of net investment –72 892
Translation differences 3) 15 –1,890
Income tax relating to components of other comprehensive income 46 –235
Other comprehensive income, net of tax –85 –1,209
Total comprehensive income 1,753 –26
Total comprehensive income attributable to:
Shareholders of the Parent Company 1,733 –43
Non-controlling interests 20 17
3) of which discontinued operations – –14
Annual Report 2011 Trelleborg AB 65