Volvo 1999 Annual Report Download - page 94
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92
Parent Com pany AB Volvo
1997 1998 1999
Tax liabilities – 803 –
Wages, salaries and withholding taxes 34 29 37
Other liabilities 30 29 86
Accrued expenses and prepaid income 58 53 72
Total 122 914 195
No collateral is provided for current liabilities.
Of the contingent liabilities amounting to 104,742
(80,018; 72,287), 104,415 (79,652; 71,930) pertained
to subsidiaries.
Guarantees for various credit programs are included
in amounts corresponding to the credit limits. These
guarantees amount to 101,885 (74,837; 67,493), of
which guarantees on behalf of subsidiaries totaled
101,863 (74,832; 67,488). At year-end of each year, the
utilized portion amounted to 41,296 (36,445; 21,785)
including 40,969 (36,079; 21,428) pertaining to sub-
sidiaries.
Other current liabilities Note 18
Contingent liabilities Note 19