Annual review 2021

Earnings for the year

Group income statement

Amount in SEK million 2021 2020
Net sales 94,685 86,864
Cost of goods sold −76,335 −70,315
Gross profit 18,350 16,549
Sales expenses −11,126 −10,377
Administrative expenses −5,984 −5,462
Shares in associated companies’ earnings −149 −140
Other operating income 1,473 1,464
Other operating expenses −167 −273
Operating profit before items affecting comparability 2,397 1,760
Profit from financial items
Profit from securities and receivables that are fixed assets 74 −2
Other interest income and similar terms 67 −40
Interest expenses and similar income terms −134 −50
Profit after financial items before items affecting comparability 2,404 1,669
Items affecting comparability

Profit before tax 2,404 1,669
Tax on profit for the year −770 −619
Profit after tax 1,634 1,050
Attributable to
Parent company shareholders 708 239
Holdings without a controlling interest 926 811
ProfitAX
Profit before tax 2,404 1,669
Goodwill amortization 1,093 848
Goodwill amortization associated companies 419 276
Adjustment of IFRS 16 and IAS 19 in Axfood −24 60
Other adjustments −223 −99
Items affecting comparability 0 0
3,669 2,754

 

Depreciation and write-downs included in the 2020 earnings
Goodwill Other intangible Tangible Associated companies Total
Cost of goods sold -440 -175 -726 -1,341
Sales expenses -577 -76 -228 -881
Administrative expenses -73 -119 -142 -334
Other operating expenses -3 -4 -7
Shares in associated companies’ earnings -462 -462
-1,093 -374 -1,096 -462 -3,025
Depreciation and write-downs included in the 2019 earnings
Goodwill Other intangible Tangible Associated companies Total
Cost of goods sold -332 -170 -719 -1,221
Sales expenses -486 -74 -257 -817
Administrative expenses -28 -129 -120 -277
Other operating expenses -2 -4 -6
Shares in associated companies’ earnings -318 -318
-848 -377 -1,096 -318 -2,639