Volvo 1997 Annual Report Download - page 66

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1 Where two percentage figures are shown, the first refers to share capital
and the second to voting rights.
2 Associated companies are reported in accordance with the equity method.
Other companies are reported at cost.
3 Volvo’s calculated share of the net worth of associated companies amounts
to 2,133 (3,560) of which shareholder’s equity (including equity untaxed
reserves) amounts to 2,133 (3,061) and excess value amounts to 0 (499).
4 The market value of the holdings is shown on page 47.
64
Dec. 31, 1997 Dec. 31, 1996
Group holdings of shares and Registration Percentage Book value Book value
participations in non-Group com panies number holding1SEK M2SEK M2
Shares in associated companies, equity method of accounting
AVC Intressenter AB, Göteborg, Sweden 556506-8789 50 610 587
AB Volvofinans, Göteborg, Sweden 556069-0967 50 552 399
Bilia AB, Göteborg, Sweden 556112-5690 37 505 435
VOCS Finance Ltd., Barnet, Great Britain — 49 126 157
ABB Olofström Automation AB, Olofström, Sweden 556518-7860 49 100 —
SM Motors PTE Ltd., Singapore — 40 75 84
Xian Silver Bus Corp., Yan Liang, China — 50 70 27
Concorcio Nacional Volvo s/ c Ltda, Curitiba, Brazil — 49 30 —
Merkavim Metal Works Ltd., Petah-Tiqva, Israel — 27 23 18
Harvest Technology Partners LP, New York, United States — 19/ 23 17 24
EBP i Olofström AB, Olofström, Sweden 556529-1928 23 6 6
VKR-Kiinteistöt Oy Ab, Vanda, Finland — 40 6 6
Expar Incorporated, Elk. Grove, United States — 50 5 4
SveviaFin SpA, Rome, Italy — 50 4 2
First Rent A Car AB, Stockholm, Sweden 556434-7820 45 3 1
OmniNova Technology AB, Uddevalla, Sweden 556540-1691 35 1 —
AutoNova AB, Uddevalla, Sweden 556232-0142 49 0 45
Netherlands Car BV, Born, The Netherlands — 33 0 0
Société Charolaise de Participations, Rorthais, France — — — 13
Pripps Ringnes AB, Stockholm, Sweden — — — 1,507
The AGES Group, Boca Raton, United States — — — 244
Borgtornet Invest AB, Stockholm, Sweden — — — 1
Transbanco Banco de Investimento SA, Curitiba, Brazil — — — 0
Total book value, associated companies32,133 3,560
Shares and participations in other companies
Pharmacia & Upjohn, Inc. Wilmington, Delaware, United States4— 4 2,082 2,082
Régie Nationale des Usines Renault SA, Paris, France — — 6,356
Other investments ——368414
Total shares and participations in other companies 2,450 8,852
Book value as per consolidated balance sheet 4,583 12,412
Dec. 31 1997 Dec. 31 1996
AB Volvo’s holding of shares and Registration Percentage Book value Book value
participations in non-Group com panies number holding1SEK M SEK M
Bilia AB, Göteborg, Sweden4556112-5690 37 641 644
AB Volvofinans, Göteborg, Sweden 556069-0967 50 253 253
Blue Chip Jet HB, Göteborg, Sweden 969639-1011 49 131 —
Protorp Förvaltnings AB, Malmö, Sweden 556127-6881 43/ 33 12 12
Näringslivskredit NLK AB (in liquidation), Stockholm, Sweden 556270-1432 33/ 48 0 0
Régie Nationale des Usines Renault SA, Paris, France — — — 6,080
Other investments — — 14 36
Total book value, non-Group companies 1,051 7,025
Investments
Notes to Consolidated financial statem ents