Volvo 1999 Annual Report Download - page 95

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93
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 25,435 (2,151), of which shareholders’ equity (incl equity in untaxed
reserves) 7,695 (2,151), and excess value 17,740 (0).
4 The market value of the holdings is shown on page 66.
Dec 31, 1998 Dec 31, 1999
Group holdings of shares Registration- Percentage Book value, Book value,
and participations in non-Group companies number holding1SEK M2SEK M2
Shares in associated companies, equity method of accounting
Scania AB, Sweden 4556184-8564 43/ 29 – 23,173
AB Volvofinans, Sweden 556069-0967 50 608 703
Bilia AB Sweden 4556112-5690 37 572 596
Petro Stopping Centers Holding, LP, United States — 29 – 233
Blue Chip Jet HB, Sweden 969639-1011 50 204 197
Arrow Truck Sales, United States — 50 171 175
Xian Silver Bus Corp., China — 50 88 96
SM Motors Pte Ltd, Singapore — 40 77 84
Aviation Lease Finance, United States — 49 30 42
Arbustum Invest AB, Sweden 556543-4247 40 42 38
AVC Intressenter AB, Sweden 556506-8789 50 110 30
Turbec AB, Sweden 556556-2096 50 20 18
Merkavim Metal Works Ltd, Israel — 27 20 16
Harvest Technology Partners, LP, United States — 20/ 23 16 11
Arabian Vehicle Truck Industry Ltd, Saudi Arabia — 25 9 9
Expar Incorporated, United States — 50 5 6
Transport Financial Services, Canada — 49 4 4
VKR-Kiinteistöt Oy Ab, Finland — 20 6 3
Industrigruppen JAS AB, Sweden 556147-5921 20 1 1
Intalogic, Great Britain —50 3 0
OmniNova Technology AB, Sweden 556540-1691 35 1 0
HSG Development AB, Sweden 556182-1694 33 0 0
Volvo Pakistan, Pakistan – 50 0 0
Euclid Hitachi Heavy Equipment Inc, United States – – 59 –
VOCS Finance Ltd, Great Britain – – 59 –
Distribuidora de Tutilos e Valores, Brazil – – 27 –
SveviaFin SpA, Italy ––15–
First Rent A Car AB, Sweden – – 4 –
Total shares and participations in associated companies 32,151 25,435
Shares and participations in other companies
Mitsubishi Motors Corporation, Japan 4– 5 – 2,343
Deutz AG, Germany 4– 11 670 670
Henlys Group Plc, Great Britain 4– 10 376 524
Other holdings 196 241
Total shares and participations in other companies 1,242 3,778
Book value in accordance with Group balance sheet 3,393 29,213
Investments