Volvo 1999 Annual Report Download - page 100

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98
1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999
Intangible assets 429 318 373 298 2.284 4,545 5,626 2,277 3,284 5,778 6,618
Property, plant and equipment 18,868 18,327 17,232 18,377 25,922 25,991 25,094 26,458 30,793 36,207 19,788
Assets in operational leasing 1581 1,570 1,317 1,753 2,235 2,205 2,847 4,968 13,501 22,285 12,337
Shares and participations 12,452 21,530 30,399 30,494 26,299 18,548 18,087 12,412 4,583 3,393 29,213
Inventories 18,830 18,316 16,705 18,368 21,390 23,380 23,929 23,148 27,993 32,128 21,438
Receivables in sales-
financing operations 2,226 2,545 2,672 9,083 8,019 9,351 10,336 15,552 32,304 46,798 34,313
Interest bearing receivables 4,906 3,839 1,842 405 602 1,516 2,766 4,080 4,667 4,735 18,617
Other receivables 221,381 18,067 17,429 16,469 26,323 28,597 26,708 25,603 27,087 34,197 24,019
Liquid funds 18,470 17,585 18,779 21,760 2,442 24,449 23,306 26,661 20,603 20,224 29,269
Assets 98,143 102,097 106,748 117,007 134,516 138,582 138,699 141,159 164,815 205,745 195,612
Shareholders’ equity 237,639 35,291 33,864 29,721 27,088 43,332 51,200 57,876 61,951 69,375 97,692
Minority interests 414 300 4,986 3,919 6,686 838 605 504 899 860 544
Provision for postemployment benefits 3,137 3,769 4,245 5,085 6,139 6,097 6,890 3,150 3,296 2,936 2,130
Other provisions 3– – – 11,653 14,235 13,914 14,602 14,988 19,657 25,187 14,832
Loans 24,904 31,151 31,980 42,641 42,675 33,551 28,166 31,886 41,217 64,230 53,345
Other liabilities 332,049 31,586 31,673 23,988 37,693 40,850 37,236 32,755 37,795 43,157 27,069
Shareholders’ equity
and liabilities 98,143 102,097 106,748 117,007 134,516 138,582 138,699 141,159 164,815 205,745 195,612
Assets pledged 2,427 2,417 2,641 4,114 4,613 6,527 5,434 6,503 6,743 5,388 3,930
Contingent liabilities 2,986 3,270 4,691 6,808 8,656 7,581 7,450 6,188 5,406 6,737 6,666
1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999
Net sales 90,972 83,185 77,223 83,002 111,155 155,866 171,511 156,060 183,625 212,936 125,019
Cost of sales (66,143) (85,840) (115,092) (128,529) (121,249) (138,990) (163,876) (98,576)
Gross income 16,859 25,315 40,774 42,982 34,811 44,635 49,060 26,443
Research and development expenses (6,243) (4,438) (4,652) (7,343) (8,271) (8,659) (10,104) (4,525)
Selling expenses (8,717) (11,480) (15,737) (17,418) (14,895) (17,160) (19,042) (8,858)
Administrative expenses (4,151) (6,131) (7,711) (7,399) (6,685) (7,018) (8,091) (5,723)
Other operating income and expenses 350 (1,353) (3,303) (1,798) (1,250) (3,380) (2,813) (783)
Items affecting comparability 313 (2,450) — (1,450) (1,600) — 1,215 — — (2,331) 26,695
Operating income (loss) 5,130 (1,883) (836) (3,352) 313 9,371 10,239 3,710 8,418 6,679 33,249
Income from investments in
associated companies 120 (1,749) 5,861 2,119 314 2,929 444 567
Income from other shares
and participations 157 444 1,667 788 9,007 1,168 4,526 170
Interest income and similar credits 3,973 4,250 3,051 3,996 4,817 3,486 1,502 2,049
Interest expenses and similar charges (5,111) (5,599) (3,608) (3,757) (3,271) (2,748) (1,376) (1,565)
Other financial income and expenses (536) (301) 36 (337) (374) (77) (156) 126
Income after financial items 6,967 (327) 803 (4,749) (2,642) 16,378 13,048 14,203 13,176 11,619 34,596
Taxes 2(2,145) (719) (560) 138 (468) (2,783) (3,741) (1,825) (2,583) (3,140) (2,270)
Minority interests in net income (35) 26 439 1,291 (356) (365) (45) 99 (112) (42) (104)
Net income 4,787 (1,020) 682 (3,320) (3,466) 13,230 9,262 12,477 10,481 8,437 32,222
1 Including company vehicles up to and
including 1991. 2 Effective in 1997, adjustment was made to
conform with the Swedish Financial Account-
ing Standard Council's recommendation, RR9,
Income Taxes. See Note 1 to the consolidated
financial statements.
3 Other provisions are included among other
liabilities up to and including 1991.
Consolidated incom e statem ents SEK M
Consolidated balance sheets SEK M
Eleven-year summary