Volvo 2001 Annual Report Download - page 89

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85
Comprehensive income 1999 2000 2001
Net income in accordance with U.S. GAAP 31,690 3,127 (3,981)
Other comprehensive income, net of tax
Translation differences (1,389) 966 1,015
Unrealized gains on securities (SFAS 115):
Unrealized gains (losses) arising during the year (419) (3,787) (1,532)
Less: Reclassification adjustment for gains included in net income (43) (1) 733
Additional minimum liability for pension obligations (FAS 87) (54) (132) (1,622)
Other (8) (119) 41
Other comprehensive income, subtotal (1,913) (3,073) (1,365)
Comprehensive income
in accordance with U.S. GAAP 29,777 54 (5,346)
Supplementary U.S. GAAP information
Classification. In accordance with SFAS 95, “cash and
cash equivalents” comprise only funds with a maturity of
three months or less from the date of purchase. Some of
Volvo’s liquid funds (see Notes 19 and 20) do not meet
this requirement. Consequently, in accordance with SFAS
95, changes in this portion of liquid funds should be
reported as investing activities.