SEK bn  
Operating income 2010 18.0
Gross income 19.4
Recognition of VAT credits in Brazil relating to previous years 0.6
Disturbances in operations in Japan as an effect of the earthquake and tsunami (0.7)
Result from divestments of companies in 2010 0.2
Changes in currency exchange rates, Industrial operations (5.2)
Write-down of shares listed in Japan (0.2)
Higher capitalization of development costs 1.0
Higher research and development expenditures (2.0)
Tax credit for research and development activities 0.3
Higher selling and administrative expenses (4.7)
Lower credit losses  0.6
Other (0.4)
Operating income 2011 26.9