TeliaSonera
TeliaSonera Annual Report 2008 - Financial Statements

Consolidated Income Statements

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January-December

SEK in millions, except per share data Note 2008 2007 2006
Net sales 6, 7 103,585 96,344 91,060
Mobility Services
48,673 45,115 41,949
Broadband Services
44,943 44,478 40,880
Eurasia
13,204 10,338 8,508
Other operations
2,538 2,049 527
Eliminations
-5,773 -5,636 -13,744
Net sales, total
103,585 96,344 91,060
Cost of sales 8 -57,853 -54,196 -48,640
Gross profit
45,732 42,148 42,420
Selling and marketing expenses 8 -16,670 -15,819 -14,213
Administrative expenses 8 -7,552 -6,760 -6,317
Research and development expenses 8 -1,178 -1,732 -1,837
Other operating income 9 755 1,349 1,138
Capital gains
64 232 151
Exchange rate gains
267 49 214
Commissions, license and patent fees, etc.
265 311 280
Grants
37 24 15
Recovered accounts receivable, released accounts payable
25 680 425
Compensation for damages
97 53 53
Other operating income, total
755 1,349 1,138
Other operating expenses 9 -1,535 -728 -1,281
Capital losses
-97 -44 -60
Provisions for onerous contracts
0 4 -
Exchange rate losses
-341 -114 -236
Restructuring costs
-986 -366 -928
Impairment charges
-49 -171 -30
Damages paid
-62 -37 -27
Other operating expenses, total
-1,535 -728 -1,281
Income from associated companies and joint ventures 6, 12 9,096 7,697 5,579
Svenska UMTS-nät AB, Sweden (joint venture)
-120 -156 -70
SIA Lattelecom, Latvia
151 225 209
OAO MegaFon, Russia
5,070 4,181 2,779
Turkcell Iletisim Hizmetleri A.S., Turkey
3,991 2,725 2,021
Telefos AB, Sweden
1 640 37
Other holdings
3 82 -61
Income from associated companies and joint ventures, total
9,096 7,697 5,579
Operating income 6 28,648 26,155 25,489
Finance costs 13 -3,683 -1,736 -1,049
Interest expenses
-3,477 -1,948 -1,038
Interest expenses on finance leases
-2 -5 -8
Unwinding of provision discounts
-147 -26 -77
Capitalized interest
58 17 29
Net exchange rate gains and losses
-115 226 45
Finance costs, total
-3,683 -1,736 -1,049
Other financial items 13 1,446 832 786
Interest income
1,429 736 576
Interest income on finance leases
29 52 46
Dividends from financial investments
0 0 1
Capital gains on financial investments available-for-sale
5 49 191
Capital losses on equity instruments at cost
-13 - -
Impairment losses on venture capital investments
-4 -5 -28
Other financial items, total
1,446 832 786
Income after financial items
26,411 25,251 25,226
Income taxes 14 -4,969 -4,953 -5,943
Net income
21,442 20,298 19,283
Attributable to:



Shareholders of the parent company
19,011 17,674 16,987
Minority interests
2,431 2,624 2,296
Shareholders' earnings per share (SEK), basic and diluted 21 4.23 3.94 3.78