Volvo 2001 Annual Report Download - page 97

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Total
Restricted equity Unrestricted shareholders’
Share capital Legal reserve equity equity
December 31, 1998 2,649 7,241 49,995 59,885
Effect of new accounting principle – – 106 106
December 31, 1998 including effect of
new accounting principle 2,649 7,241 50,101 59,991
Cash dividend – – (2,649) (2,649)
Net income 1999 – – 18,557 18,557
December 31, 1999 2,649 7,241 66,009 75,899
Cash dividend – – (3,091) (3,091)
Repurchase of own shares – – (11,808) (11,808)
Net income 2000 – – 1,376 1,376
December 31, 2000 2,649 7,241 52,486 62,376
Cash dividend – – (3,356) (3,356)
Repurchase of own shares – – (8,336) (8,336)
Issue of shares to Renault SA – – 10,356 10,356
Net income 2001 – – 11,114 11,114
December 31, 2001 2,649 7,241 62,264 72,154
The distribution of share capital by class of shares is shown in Note 21 to the consolidated financial statements, on
pages 69–70.
In applying a new accounting standard, RR9 Income Taxes, issued by the Swedish Financial Accounting Standards
Council, net income for years 2000 and 1999 have retroactively been increased by 2 and 10, respectively, as well as
balance at December 31, 1998 by 106. All amounts pertain to deferred taxes related to temporary differences.
93
1999 2000 2001
Income tax receivables 41 74 258
Accounts receivable 62 20 27
Prepaid expenses and
accrued income 176 407 52
Other receivables 8 12,570 187
Total 287 13,071 524
Other receivables pertained mainly to a receivable from
Ford Motor Company which was reclassified from long-
term to short-term receivables during 2000 and was sett-
led during 2001. The reserve for doubtful receivables
amounted to 5 (5; 5) at the end of the year.
Note 13 Other short-term receivables
Short-term investments in Group companies comprise deposits of 17,873 (0; 6,280) in Volvo Treasury.
Note 14 Short-term investments in Group companies
Note 15 Shareholders’ equity
1999 2000 2001
Receivable from
Ford Motor Company 12,539 – –
Other loans to external
parties 100 137 0
Deferred tax assets 116 118 1,230
Other receivables 1 11 52
Total 12,756 266 1,282
As of 2001, deferred tax assets are reported as long-
term receivables.
Note 12 Other long-term receivables