Volvo 1997 Annual Report Download - page 3

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1
1
Volvo 1997
Volvo creates value
by providing
transportation-related
products and services
with superior quality,
safety and environmental
care to demanding
customers in selected
segments
1995 1996 1997
Net sales 171,511 156,060 183,625
Operating income before nonrecurring items,
automotive operations 7,493 3,619 8,392
Net incom e 9,262 12,477 10,359
Incom e per share, SEK 20.20 26.90 22.90
Cash dividend, SEK per share 4.0014.30 5.00 2
Capital expenditures for property,
plant and equipm ent 6,491 8,200 9,863
Research and developm ent expenses 7,343 8,271 8,659
Number of em ployees, Decem ber 31 79,050 70,330 72,900
1 Plus one share of Swedish Match for each Volvo share held.
2 Proposed by the Board of Directors.
Unless otherwise stated, all amounts shown in the Annual Report are in millions of Swedish kronor (SEK M).
Figures in prior years are adjusted to reflect the new Annual Accounts Act which is applied from January 1,
1997. Definitions of key ratios appear on page 43.
4Com ments by the Chief Executive Officer
7Board of Directors’ Report
21 Financial review by business area
38 Consolidated income statements
39 Consolidated balance sheets
40 Cash flow analyses
41 Notes to the consolidated
financial statements
59 Parent Com pany AB Volvo
67 Proposed disposition of
unappropriated earnings
68 Auditors’ report
69 Shareholder inform ation
72 Board of Directors and Auditors
74 Group Management
76 Eleven-year sum m ary
88 Addresses