Volvo 1998 Annual Report Download - page 90

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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 2,151 (2,133), which refers to the book value.
4 The market value of the holdings is shown on page 64.
Dec 31, 1997 Dec 31, 1998
Group holdings of shares and participations in Registration Percentage Book value Book value
non-Group companies number holding1SEK M2SEK M2
Shares in associated companies, equity method of accounting
AB Volvofinans, Göteborg, Sweden 556069-0967 50 552 608
Bilia AB, Göteborg, Sweden 556112-5690 37 505 572
Blue Chip Jet HB, Göteborg, Sweden 969639-1011 50 – 204
Arrow Truck Sales, Kansas City, United States — 50 — 171
AVC Intressenter AB, Göteborg, Sweden 556506-8789 50 610 110
Xian Silver Bus Corp, Yan Liang, China — 50 70 88
SM Motors Pte Ltd, Singapore — 40 75 77
VOCS Finance Ltd, Barnet, Great Britain — 49 126 59
Euclid Hitachi Heavy Equipment Inc, Cleveland, United States — 20 — 59
Arbustum Invest AB, Arboga, Sweden 556543-4247 40 — 42
Aviation Lease Finance, Delaware, United States — 49 — 30
Distribuidora de Tutilos e Valores, Curitiba, Brazil — 100 — 27
Merkavim Metal Works Ltd, Petah-Tiqva, Israel — 27 23 20
TurboGen AB, Malmö, Sweden 556556-2096 50 — 20
Harvest Technology Partners LP, New York, United States — 23/21 17 16
SveviaFin SpA, Rome, Italy — 50 4 15
Arabian Vehicle and Trucks Industry Ltd, Jeddah, Saudi Arabia — 25 — 9
VKR-Kiinteistöt Oy Ab, Vanda, Finland — 40 6 6
Expar Incorporated, Elk Grove, United States — 50 5 5
First Rent A Car AB, Stockholm, Sweden 556434-7820 45 3 4
Transport Financial Services, Moncton, Canada — 49 – 4
Intalogic, Great Britain —50 – 3
OmniNova Technology AB, Uddevalla, Sweden 556540-1691 35 1 1
Industrigruppen JAS AB, Stockholm, Sweden 556147-5921 20 – 1
AutoNova AB, Uddevalla, Sweden 556232-0142 49 0 0
Netherlands Car BV, Born, The Netherlands — 33 0 0
HSG Development AB, Stockholm, Sweden 556182-1694 33 – 0
ABB Olofström Automation AB, Olofström, Sweden — — 100 –
Concorcio Nacional Volvo s/c Ltda, Curitiba, Brazil — — 30 –
EBP i Olofström AB, Olofström, Sweden — — 6 –
Total shares and participations in associated companies 32,133 2,151
Shares and participations in other companies
Deutz AG, Köln, Germany 4– 11 – 670
Henlys Group Plc, Borehamwood, Great Britain4– 10 – 376
Pharmacia & Upjohn, Inc, Wilmington, Delaware, United States – – 2,082 –
Other holdings 368 196
Total shares and participations in other companies 2,450 1,242
Book value in accordance with Group balance sheet 4,583 3,393
Dec 31, 1997 Dec 31, 1998
AB Volvo’s holding of shares and participations in Registration Percentage Book value Book value
non-Group companies number holding1SEK M SEK M
Deutz AG, Köln, Germany 11 — 670
Bilia AB, Göteborg, Sweden 4556112-5690 37 641 641
Henlys Group Plc, Borehamwood, Great Britain410 — 376
AB Volvofinans, Göteborg, Sweden 556069-0967 50 253 253
Blue Chip Jet HB, Göteborg, Sweden 969639-1011 50 131 164
Protorp Förvaltnings AB, Malmö, Sweden 556127-6881 43/33 12 12
Näringslivskredit NLK AB, Stockholm, Sweden 556270-1432 33/48 0 0
Other investments 14 15
Total book value, non-Group companies 1,051 2,131
Investments