Volvo 2001 Annual Report Download - page 72

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THE VOLVO GROUP · NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
68
Increase (decrease) in obsolescence reserve 1999 2000 2001
Balance sheet, December 31, preceding year 1,738 1,277 1,333
Increase (decrease) in obsolescence reserve charged to income 233 155 252
Scrapping (247) (53) (162)
Acquired and divested operations (376) 3 1,421
Translation differences 66 76 224
Reclassifications, etc. (137) (125) (51)
Balance sheet, December 31 1,277 1,333 3,017
1999 2000 2001
Receivable from Ford Motor Company 12,125 – –
Convertible debenture loan in Henlys 2,046 2,288 2,561
Other loans to external parties 3,434 2,297 2,635
Prepaid pensions – 447 358
Deferred tax assets 1,666 1,527 7,741
Other receivables 818 705 1,161
Total 20,089 7,264 14,456
1999 2000 2001
Finished products 11,622 13,210 20,303
Production materials, etc. 9,816 10,341 10,772
Total 21,438 23,551 31,075
1999 2000 2001
Installment credits 4,099 6,143 8,450
Financial leasing 4,595 5,195 5,913
Retailer financing 6,890 6,816 7,296
Other receivables 912 728 1,050
Total 16,496 18,882 22,709
The increase in 2000 was mainly attributable to the North American operations and in 2001 also to the European
operations.
1999 2000 2001
Accounts receivable 14,871 16,174 21,658
Prepaid expenses and accrued income 2,601 2,821 2,478
VAT receivables 1,437 1,659 1,684
Receivable from Ford Motor Company – 12,125 –
Other loans to external parties 1,014 1,910 2,114
Prepaid pensions – 161 412
Income tax receivables 841 842 988
Other receivables 1,783 2,624 4,235
Total, after deduction of reserves
for doubtful accounts receivable 1,393 (1,101; 1,147) 22,547 38,316 33,569
Note 15 Other long-term receivables
Note 16 Inventories
Note 17 Short-term customer-financing receivables
Note 18 Other short-term receivables