Volvo 1999 Annual Report Download - page 65
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63
1 Divested in connection with the sale of Volvo Cars.
2 Consolidated in the Volvo Group since 1998.
Volvo’s share of income in associated companies before taxes, is shown below:
Income (loss) Dividends received
1997 1998 1999 1997 1998 1999
Scania AB – – 467 – – –
Bilia AB 122 131 89 32 35 35
AB Volvofinans 82 87 89 6 7 8
Aviation Lease Finance – 3 7–––
Xian Silver Bus Corp 20 16 4 – – –
AVC Intressenter AB 23 6 1 – 506 81
Omninova Technology AB 0 0 (26) – – –
Turbec – (4) (22) – – –
Arrow Truck Sales – – (21) – – –
Petro Stopping Centers Holding LP – – (13) – – –
Other companies 16 (25) (10) 23 1 9
Holdings no longer reported as
equity method investments
Netherlands Car BV 1(128) 232 – – – –
AutoNova AB 1(45) 0 – – – –
VOCS Finance Ltd 147 16 – 84 85 –
ABB Olofström Automation AB 25 – – – – –
Banco Volvo Brasil SA 2(278) – – – – –
Other companies – (2) – – – –
Subtotal (116) 460 565 145 634 133
Gains (loss) on sale of shares
in associated companies
Pripps Ringnes AB 3,027 – –
Other companies 18 (16) 2
Subtotal 3,045 (16) 2
Total income from investments
in associated companies 2,929 444 567
1997 1998 1999
Dividends received
Scania AB 2— — 180
Henlys Group Plc — — 13
Pharmacia & Upjohn, Inc. 165 43 —
SAS Sverige AB 10 — —
Other 20 3 8
Subtotal 195 46 201
Gain on sales of securities
Pharmacia & Upjohn, Inc. — 4,452 —
Stockholms Fondbörs AB — 33 —
Renault SA 783 — —
SAS Sverige AB 221 — —
Other (31) 1(5) 1(31)1
Subtotal 973 4,480 (31)
Total 1,168 4,526 170
1 Including write-down of shares.
2 Pertains to dividends received during the period when Volvo’s holding was less than 20%.
Income from investments in associated com panies Note 7
Income from other investments Note 8