Consolidated income statement

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SEK Millions Note 2010 2009




Sales 1 39,883 29,838
Hot-rolled strip
6,276 4,754
Cold-rolled and metal-coated strip
3,549 2,709
Organic-coated and profiled strip
2,767 2,756
Plate
18,039 12,896
Trading operations
6,198 4,871
Slabs
847 74
By products/scrap
1,726 1,224
Other
481 554
Cost of goods sold 2 -36 -29
Gross profit
3,945 818
Selling expenses 2 -1,444 -1,668
Administrative expenses 2 -1,388 -1,384
Other operating revenue 1, 25 449 975
Sales of purchased energy and media
251 264
Net exchange rate gains
0 279
Profit upon sale of emission rights
0 313
Profit upon sale of companies and operations 1)
28 8
Profit upon sale of fixed assets
41 20
Other
129 94
Other operating expenses 2 -535 -340
Shares in earnings of affiliated companies and joint ventures after tax 3 57 7
Operating profit
1,084 -1,592
Financial income 4 30 50
Interest income
15 45
Dividends
2 2
Net exchange rate differences
- -
Other
13 3
Financial expenses 4 -432 -519
Interest expenses
360 437
Net exchange rate differences
20 49
Other
52 33
Profit after financial items
682 -2,061
Taxes 5 82 1,182
Swedish corporate income tax
12 136
Foreign corporate income tax
-136 384
Deferred taxes
206 662
Profit for the year, continuing operations
764 -879
Profit for the year, discontinued operations 25 -164 -131
Profit for the year
600 -1,010
Of which attributable to:


- parent company's shareholders
552 -1,002
- non-controlling interests
48 -8
Earnings per share2) 12, 29 2 -3
of which for continuing operations2)
2 -2,69
of which for discontinued operations2)
-1 -0,40
Dividend per share – 2010 proposal
2,00 1,00

1) For 2010, the group’s capital gains comprise capital gains from sales of a building in Tibnor. The capital gain for 2009 comprises capital gains from sales of Laminated Steel AB. The profit in the Parent company of SEK 2,010 million, relates to the sale of the subsidiary SSAB Tunnplåt to SSAB Oxelösund. The transaction was done at equity and was a first step to merge the two subsidiaries.
2) There are no outstanding share instruments and thus no dilution is relevant.

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