Volvo 1998 Annual Report Download - page 55

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Consolidated balance sheets SEK M
53
December 31,1996 December 31, 1997 December 31, 1998
Assets
Non-current assets
Intangible assets Note 12 2,277 3,284 5,778
Tangible assets Note 12
Property, plant and equipment 26,458 30,793 36,207
Assets under operating leases 4,968 31,426 13,501 44,294 22,285 58,492
Financial assets
Shares and participations Note 13 12,412 4,583 3,393
Long-term sales-financing receivables Note 14 5,831 13,967 24,546
Other long-term receivables Note 15 7,425 25,668 5,977 24,527 7,171 35,110
Total non-current assets 59,371 72,105 99,380
Current assets
Inventories Note 16 23,148 27,993 32,128
Short-term receivables
Sales-financing receivables Note 17 9,721 18,337 22,252
Other receivables Note 18 22,258 31,979 24,257 42,594 30,442 52,694
Marketable securities Note 19 21,577 10,962 7,168
Cash and bank accounts Note 20 5,084 9,641 13,056
Total current assets 81,788 91,190 105,046
Total assets 141,159 163,295 204,426
Shareholders’ equity and liabilities
Shareholders’ equity Note 21
Restricted equity
Share capital 2,318 2,649 2,649
Restricted reserves 14,906 17,224 16,473 19,122 17,100 19,749
Unrestricted equity
Unrestricted reserves 28,175 30,950 39,669
Profit for the year 12,477 40,652 10,359 41,309 8,638 48,307
Total shareholders’ equity 57,876 60,431 68,056
Minority interests Note 11 504 899 860
Provisions
Provisions for postemployment benefits Note 22 3,150 3,296 2,936
Deferred taxes 3,055 3,912 4,317
Other provisions Note 23 11,933 18,138 15,745 22,953 20,870 28,123
Non-current liabilities Note 24
Bond loans 7,955 11,272 15,624
Other loans 10,234 18,189 11,863 23,135 10,388 26,012
Current liabilities Note 25
Loans 14,263 18,282 38,876
Trade payables 11,960 15,257 16,317
Other current liabilities 20,229 46,452 22,338 55,877 26,182 81,375
Total shareholders’ equity and liabilities 141,159 163,295 204,426
Assets pledged Note 26 6,503 6,743 5,388
Contingent liabilities Note 27 6,188 5,406 6,737