Volvo 2000 Annual Report Download - page 88

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Total
Restricted equity Unrestricted shareholders’
Share capital Legal reserve equity equity
December 31, 1997 2,649 7,241 28,159 38,049
Cash dividend – – (2,208) (2,208)
Net income 1998 – – 24,044 24,044
December 31, 1998 2,649 7,241 49,995 59,885
Cash dividend – – (2,649) (2,649)
Net income 1999 – – 18,547 18,547
December 31, 1999 2,649 7,241 65,893 75,783
Cash dividend – – (3,091) (3,091)
Repurchase of own share – – (11,808) (11,808)
Net income 2000 – – 1,374 1,374
December 31, 2000 2,649 7,241 52,368 62,258
The distribution of share capital by class of shares is shown in Note 21 to the consolidated financial statements, on
pages 65–66.
PARENT COMPANY AB VOLVO
NOTES TO FINANCIAL STATEMENTS
86
Shares and participations in non-Group
companies
At the beginning of 2000, AB Volvo increased its holdings
in Scania by 1,328, to 30.6% of voting rights and 45.5%
of share capital.
The remaining holding in Eddo Restauragner AB, 6 was
transferred from shares in Group companies to non-Group
companies.
Protorp Förvaltnings AB, with a book value of 12, has
been liquidated.
Shares in Bilia AB with a book value of 29 were sold
when Bilia repurchased some of its outstanding shares.
Total shares in AB Volvofinans, with a book value of 253,
were sold to the Group company Volvo Finance Holding AB.
10% of the participations in Blue Chip Jet HB, with a
book value of 22, were sold to Försäkringsaktiebolaget
Skandia and Volvo Car Corporation. The remaining partici-
pations (40%) were then written down by 28, correspond-
ing to the share of the year’s income.
1999: Shares in Scania AB were acquired during the
year for a total of 23,023, equal to 43.5% of share cap-
ital and 28.6% of voting rights.
5% of the share capital and voting rights in Mitsubishi
Motors Corporation was purchased for 2,343.
Newly issued shares in Henlys Group Plc were sub-
scribed in the amount of 149.
Participations in the Blue Chip Jet HB were written
down by 53, equal to the share of the year’s income.
Share capital was increased by 5 in the newly formed
company Volvo Trademark Holding AB.
Holdings in NLK Näringslivskredit AB were divested.
1998: Shares in Henlys Group Plc were acquired for
376 and in Deutz AG for 670. Participations in Blue Chip
Jet HB were purchased from Pharmacia & Upjohn for 3
and capital contributions amounting to 76 that increased
book value were made. The participations were written
down by 45. The shares in OM Stockholm Exchange
were sold.
1998 1999 2000
Tax receivables – 41 74
Accounts receivable 5 62 20
Prepaid expenses and accrued income 54 176 407
Other receivables 9 8 12,570
Total 68 287 13,071
Other receviables partained mainly to a receivable from Ford Motor Company, which was reclassified from long-term to
short-term receivables during 2000. The reserve for doubtful receivables amounted to 5 (5; 6) at the end of the year.
Note 12 Other short-term receivables
Note 13 Shareholders’ equity