Volvo 2001 Annual Report Download - page 110

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ELEVEN-YEAR SUMMARY
106
Research and development expenses
SEKM 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001
Global Trucks 1,870 2,258 1,365 1,399 1,760 2,078 2,051 2,301 2,524 2,709 3,614
Buses 256 251 240 265 306 343 434 617 576 614 498
Construction Equipment – – – – 221 555 627 715 786 844 674
Volvo Penta 180 166 154 148 177 183 213 270 287 368 287
Volvo Aero 163 194 196 160 150 155 205 248 216 238 211
Other 50 28 21 21 30 36 74 114 136 104 107
Volvo Group excluding
divested operations 2,519 2,897 1,976 1,993 2,644 3,350 3,604 4,265 4,525 4,877 5,391
Cars 3,895 3,346 2,462 2,502 4,561 4,901 5,055 5,839 — – –
Other divested operations — — — 157 138 20 — — — – –
Volvo Group total 6,414 6,243 4,438 4,652 7,343 8,271 8,659 10,104 4,525 4,877 5,391
Figures for years 1992 through 1996 have been adjusted to conform with the new Annual Accounts Act.
Depreciation and amortization
SEKM 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001
Global Trucks 532 594 704 839 937 1,023 1,252 1,493 1,375 1,478 3,706
Buses 95 70 88 65 99 121 136 218 280 320 355
Construction Equipment – – – – 143 302 394 996 475 579 599
Volvo Penta 30 95 36 58 70 68 71 67 77 77 65
Volvo Aero 208 214 216 209 219 231 215 224 333 410 437
Financial Services 45 59 71 95 134 145 181
Other 320 136 160 155 123 158 288 354 365 372 467
Volvo Group excluding
divested operations 1,185 1,109 1,204 1,326 1,636 1,962 2,427 3,447 3,039 3,381 5,810
Cars 1,591 1,577 1,869 2,149 2,283 2,345 2,557 2,880 – – –
Other divested operations 13 0 152 1,025 953 206 –––––
2,789 2,686 3,225 4,500 4,872 4,513 4,984 6,327 3,039 3,381 5,810
Assets under operating leases 1340 433 552 607 784 838 1,812 3,299 2,132 2,870 4,151
Volvo Group, total 3,129 3,119 3 ,777 5,107 5,656 5,351 6,796 9,626 5,171 6,251 9,961
1 Company vehicles included up to and including 1993.
Return on operating capital, excluding restructuring costs
%1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001
Global Trucks 12 neg 8 >25 >25 10 18 >25 >25 9 4
Buses neg 5 18 22 18 12 17 8 4 6 neg
Construction Equipment – – – – >25 23 23 18 19 16 9
Volvo Penta neg neg 11 19 17 neg 14 7 >25 >25 >25
Volvo Aero 112 22 11 5 13 19 >25 23 19 25 20
1 As of 1997, return on operating capital for Aero excludes Volvo Aero Services.
Number of employees at year-end
Number 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001
Global Trucks 20,290 19,480 17,780 19,790 21,450 20,860 22,090 22,560 23,330 24,320 41,870
Buses 3,050 2,620 2,610 2,600 3,620 3,750 4,220 8,690 8,860 9,060 6,230
Construction Equipment – – – – 7,610 7,300 8,550 9,680 8,900 8,830 7,780
Volvo Penta 2,040 1,540 1,420 1,540 1,570 1,420 1,400 1,490 1,400 1,480 1,370
Volvo Aero 4,420 4,290 4,040 3,770 3,890 3,740 4,170 3,990 4,550 4,240 4,040
Financial Services 190 210 220 230 450 560 710 860 1,160 1,220 1,080
Other 4,020 3,530 3,130 2,120 2,370 3,090 3,840 5,190 5,270 5,120 8,550
Volvo Group, excluding
divested operations 34,010 31,670 29,200 30,050 40,960 40,720 44,980 52,460 53,470 54,270 70,920
Cars 29,570 28,450 26,800 29,080 31,050 29,600 27,920 27,360 — – –
Other divested operations — — 17,640 16,420 7,040 10 — — — – –
Volvo Group, total 63,580 60,120 73,640 75,550 79,050 70,330 72,900 79,820 53,470 54,270 70,920