Volvo 2001 Annual Report Download - page 95

Holdings of shares and participations are specified in AB Volvo’s holding of shares on pages 95–96. Changes in hold-
ings of shares and participations are shown below.
Group companies Non-Group companies
1999 2000 2001 1999 2000 2001
Balance December 31, previous year 45,193 33,528 39,729 2,131 27,596 28,587
Acquisitions/New issue of shares 704 855 15,581 25,518 1,335 1
Divestments (12,605) (12) (22,388) – (316) (2,344)
Shareholder contributions 1,146 5,730 17,435 – – –
Write-downs (910) (372) (12,217) (53) (28) (20)
Balance December 31, current year 33,528 39,729 38,140 27,596 28,587 26.224
Shares and participations in Group companies
All shares in Renault V.I. that were acquired from Renault
SA, were paid for with Volvo shares held by AB Volvo and
were booked to an amount of 10,700. The shares were
then sold group internal to Volvo Holding France SA.
The shares in Mack Trucks Inc were acquired from
Renault V.I. for 3,225 and newly issued shares were sub-
scribed for in the amount of 1,490. At the end of the year
the holdings were written down by 1,490.
A shareholder contribution of 8,678 was made to the
newly formed company Volvo Global Trucks AB, who then
aquired the shares in Volvo Lastvagnar AB for the corre-
sponding amount. The holdings in Volvo Global Trucks AB
were written down by 258, corresponding to the capital
gain of the sale of Volvo Lastvagnar AB.
The shares in Volvo Powertrain AB and Volvo Parts AB
were acquired from Volvo Lastvagnar AB for 166 and 0,
respectively, whereupon Volvo Parts AB received a share-
holder contribution of 200.
91
Value in Value in Value in
balance sheet balance sheet Sales/ balance sheet
Acquisition cost 1999 2000 Investments scrapping 2001
Rights 52 52 – – 52
Total intangible assets 52 52 ––52
Buildings 7 12 5 – 17
Land and land improvements 4 5 3 – 8
Machinery and equipment 53 49 1 (3) 47
Construction in progress – – 1 – 1
Total tangible assets 64 66 10 (3) 73
Value in Value in Value in Book value
balance sheet balance sheet Sales/ balance sheet in balance
Accumulated depreciation 1999 22000 2Depreciation1scrapping 20012sheet 20013
Rights 26 39 13 – 52 0
Total intangible assets 26 39 13 – 52 0
Buildings 1 1 1 – 2 15
Land and land improvements 0 0 – – – 8
Machinery and equipment 39 35 3 (2) 36 11
Construction in progress – – – – – 1
Total tangible assets 40 36 4 (2) 38 35
The assessed value of buildings was 8 (4; 2) and of land
4 (2; 2). Investments in intangible and tangible assets
amounted to – (–; –) and 10 (10; 2) respectively. Capital
expenditures approved but not yet implemented at year-
end 2001 amounted to 1 (1; 1).
1Including write-downs
2Including accumulated write-downs
3Acquisition value, less depreciation
Note 10 Intangible and tangible assets
Note 11 Investments in shares and participations
Specification of deferred tax assets 1999 2000 2001
Tax-loss carryforwards – – 1,110
Provision for doubtful receivables 1 1 1
Provision for pensions and other post-employment benefits 108 113 117
Other deductible temporary differences 7 4 2
Deferred tax assets 116 118 1,230