Volvo 1999 Annual Report Download - page 57

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55
SEK M December 31, 1997 December 31, 1998 December 31, 1999
Assets
Non-current assets
Intangible assets Note 12 3,284 5,778 6,618
Tangible assets Note 12
Property, plant and equipment 30,793 36,207 19,788
Assets under operating leases 13,501 44,294 22,285 58,492 12,337 32,125
Financial fixed assets
Shares and participations Note 13 4,583 3,393 29,213
Long-term sales-financing receivables Note 14 13,967 24,546 17,817
Other long-term receivables Note 15 9,012 27,562 10,989 38,928 20,089 67,119
Total non-current assets 75,140 103,198 105.862
Current assets
Inventories Note 16 27,993 32,128 21,438
Short-term receivables
Sales-financing receivables Note 17 18,337 22,252 16,496
Other receivables Note 18 22,742 41,079 27,943 50,195 22,547 39,043
Marketable securities Note 19 10,962 7,168 20,956
Cash and bank accounts Note 20 9,641 13,056 8,313
Total current assets 89,675 102,547 89,750
Total assets 164,815 205,745 195,612
Shareholders’ equity and liabilities
Shareholders’ equity Note 21
Restricted equity
Share capital 2,649 2,649 2,649
Restricted reserves 16,473 19,122 17,100 19,749 12,553 15,202
Unrestricted equity
Unrestricted reserves 32,348 41,189 50,268
Net income 10,481 42,829 8,437 49,626 32,222 82,490
Total shareholders’ equity 61,951 69,375 97,692
Minority interests Note 11 899 860 544
Provisions
Provisions for postemployment benefits Note 22 3,296 2,936 2,130
Provisions for deferred taxes 3,912 4,317 2,218
Other provisions Note 23 15,745 22,953 20,870 28,123 12,614 16,962
Non-current liabilities Note 24
Bond loans 11,272 15,624 24,238
Other loans 11,663 9,730 7,984
Other long-term liabilities 200 23,135 658 26,012 292 32,514
Current liabilities Note 25
Loans 18,282 38,876 21,123
Trade payables 15,257 16,317 11,456
Other current liabilities 22,338 55,877 26,182 81,375 15,321 47,900
Total shareholders’ equity and liabilities 164,815 205,745 195,612
Assets pledged Note 26 6,743 5,388 3,930
Contingent liabilities Note 27 5,406 6,737 6,666
Consolidated balance sheets