Volvo 1997 Annual Report Download - page 41

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39
Consolidated balance sheets
SEK M December 31, 1995 December 31, 1996 December 31, 1997
Assets
Non-current assets
Intangible assets Note 12 5,626 2,277 3,284
Tangible assets Note 12
Property, plant and equipment 25,094 26,458 30,793
Assets under operating leases 2,847 27,941 4,968 31,426 13,501 44,294
Financial assets
Shares and participations Note 13 18,087 12, 412 4,583
Long-term sales-financing receivables Note 14 4,161 5,831 13,967
Other long-term receivables Note 15 6,743 28,991 7,425 25,668 5,977 24,527
Total non-current assets 62,558 59,371 72,105
Current assets
Inventories Note 16 23,929 23,148 27,993
Short-term receivables
Sales-financing receivables Note 17 6,175 9,721 18,337
Other receivables Note 18 22,731 28,906 22,258 31,979 24,257 42,594
Marketable securities Note 19 15,817 21,577 10,962
Cash and bank accounts Note 20 7,489 5,084 9,641
Total current assets 76,141 81,788 91,190
Total assets 138,699 141,159 163,295
Shareholders’ equity and liabilities
Shareholders’ equity Note 21
Restricted equity
Share capital 2,318 2,318 2,649
Restricted reserves 14,264 16,582 14,906 17,224 16,473 19,122
Unrestricted equity
Unrestricted reserves 25,356 28,175 30,950
Net income 9,262 34,618 12,477 40,652 10,359 41,309
Total shareholders’ equity 51,200 57,876 60,431
Minority interests Note 11 605 504 899
Provisions
Provisions for postemployment benefits Note 22 6,890 3,150 3,296
Deferred taxes 3,350 3,055 3,912
Other provisions Note 23 11,252 21,492 11,933 18,138 15,745 22,953
Non-current liabilities Note 24
Bond loans 6,975 7,955 11,272
Other loans 9,910 16,885 10,234 18,189 11,863 23,135
Current liabilities Note 25
Loans 11,691 14,263 18,282
Trade payables 12,702 11,960 15,257
Other current liabilities 24,124 48,517 20,229 46,452 22,338 55,877
Shareholders’ equity and liabilities 138,699 141,159 163,295
Assets pledged Note 26 5,434 6,503 6,743
Contingent liabilities Note 27 7,450 6,188 5,406