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Consolidated Income Statement
MSEK Note 2007 2006
Net sales, including tobacco tax   22,852 21,991
Less tobacco tax   –10, 301 –9,080
Net sales 2, 3 12,551 12,911
       
Cost of sales   –6,578 –6,674
Gross profit   5,973 6,237
       
Other income 5 7 1
Selling expenses   –2,260 –2,148
Administrative expenses   –720 –801
Other expenses 5 –4 –16
Share of profit in equity accounted investees 14 1 11
Operating profit 3, 5, 7, 8 2,997 3,285
       
Financial income   165 239
Financial expenses   –501 –351
Net finance cost 9 –336 –112
       
Profit before income tax   2,662 3,173
       
Income tax expense 10 –606 –838
Profit for the year   2,056 2,335
       
Attributable to:      
Equity holders of the Parent   2,055 2,335
Minority interest   1 1
Profit for the year   2,056 2,335
       
Earnings per share 21    
basic, SEK   7.82 8.13
diluted, SEK   7.80 8.10
Consolidated Balance Sheet
MSEK Note December 31, 2007 December 31, 2006
Assets      
Intangible assets 11 4,419 3,469
Property, plant and equipment 12 2,297 2,138
Biological assets 13 91 83
Investment in associates 14 89 90
Non-current receivables 15 558 487
Deferred tax assets 10 365 477
Total non-current assets   7,818 6,744
       
Inventories 16 2,520 2,473
Trade receivables 17 2,022 1,891
Prepaid expenses and accrued income   132 107
Income tax receivables   145 74
Other receivables 15 386 535
Other investments 18 5 56
Cash and cash equivalents* 18 3,439 3,042
Assets held for sale 19 – 747
Total current assets   8,649 8,925
TOTAL ASSETS   16,467 15,670
       
Equity 20    
Share capital   390 390
Reserves   –486 –256
Retained earnings   816 1,903
Equity attributable to equity holders of the Parent   720 2,037
Minority interest   4 3
TOTAL EQUITY   724 2,041
       
Liabilities      
Loans and borrowings 22, 27 8,768 7,815
Other liabilities 25 12 4
Provision for pensions and similar obligations 23 555 652
Other provisions 24 597 566
Deferred tax liabilities 10 695 626
Total non-current liabilities   10,627 9,664
       
Loans and borrowings 22, 27 1,271 409
Accounts payable   738 724
Income tax liabilities 10 258 119
Other liabilities 25 2,007 1,825
Accrued expenses and deferred income 26 782 826
Provisions 24 60 61
Total current liabilities   5,117 3,965
TOTAL LIABILITIES   15,743 13,629
TOTAL EQUITY AND LIABILITIES   16,467 15,670
For information on the Group’s pledged assets and contingent liabilities, see Note 29 and Note 30. * Cash and cash equivalents include current investments with maturity of less than 90 days from acquisition.