Volvo 2000 Annual Report Download - page 61

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59
Volvo’s share of income in associated companies before taxes, is shown below:
Income (loss) Dividends received
1998 1999 2000 1998 1999 2000
Bilia AB 131 89 120 35 35 41
AB Volvofinans 87 89 111 7 8 8
Aviation Lease Finance 3 7 19 – – –
Xian Silver Bus Corp 16 4 13 – – –
AVC Intressenter AB 6 1 (1) 506 81 24
Omninova Technology AB 0 (26) (17) – – –
Turbec (4) (22) (44) – – –
Arrow Truck Sales – (21) (76) – – –
Petro Stopping Centers Holding LP – (13) (46) – – –
Other companies (25) (10) 15 1 9 31
Holdings no longer reported as
equity method investments
Scania AB 1– 467 341 – – 637
Netherlands Car BV 232 –––––
VOCS Finance Ltd 16 – – 85 – –
Other companies (2) –––––
Subtotal 460 565 435 634 133 741
Gains (loss) on sale of shares
in associated companies
Other companies (16) 2 9
Subtotal (16) 2 9
Total income from investments
in associated companies 444 567 444
1 On March 14, 2000 the European Commission rejected Volvo's application for approval of Volvo’s proposed acquisition of Scania.
As a result, Volvo's holding in Scania is no longer reported in accordance with the equity method.
1998 1999 2000
Dividends received
Scania AB 1– 180 –
Henlys Group Plc – 13 23
Pharmacia & Upjohn, Inc. 43 – –
Other 3 8 3
Subtotal 46 201 26
Gain on sales of securities
Pharmacia & Upjohn, Inc. 4,452 — –
Stockholms Fondbörs AB 33 — –
Holdings of Volvo Technology Transfer 2– – 105
Other (5) 3(31) 3(61) 3
Subtotal 4,480 (31) 44
Total 4,526 170 70
1 Pertains to dividends received during the period when Volvo’s holding was less than 20%.
2 A Volvo venture-capital company.
3 Including write-down of shares.
Note 8Income from other investments
Note 7Income from investments in associated companies