Volvo 2002 Annual Report Download - page 41

Download and view the complete annual report

Please find page 41 of the 2002 Volvo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 96

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96

Note 5Income from investments in associated companies
Volvo’s share of income after financial items, in associated companies, is shown below:
Income (loss) Dividends received
2000 2001 2002 2000 2001 2002
Bilia AB 120 151 128 41 42 44
Xian Silver Bus Corp 13 27 29 – – –
Turbec AB (44) (67) (67) – – –
Petro Stopping Centers Holding LP (46) (73) (57) – – –
Shanghai Sunwin Bus Corp – (31) (23) – – –
Aviation Lease Finance – 24 51 – – –
Other companies 33 (79) 77 55 8 20
Holdings no longer reported as
equity method investments
AB Volvofinans1111 46 – 8 9 –
Scania AB 2341 – – 637 – –
Arrow Truck Sales 3(76) – – – – –
Acrivia AB (OmniNova Technology AB) 3(17) – – – – –
Other companies – – – – 15 –
Subtotal 435 (2) 138 741 74 64
Gains (losses) on sale of shares
in associated companies
Eddo Restauranger AB 4––32
Volvofinans – 61 –
Other companies 9 (9) 12
Subtotal 9 52 44
Total income from investments
in associated companies 444 50 182
1 Divested in 2001.
2 On March 14, 2000 the European Commission rejected Volvo’s application for approval of Volvo’s proposed acquisition of Scania. As a result, Volvo’s holding in
Scania is no longer reported in accordance with the equity method.
3 From 2001 a subsidiary of AB Volvo.
4 Divested in 2002.
Note 6Income from other investments
2000 2001 2002
Dividends received
Scania AB1–637 319
Henlys Group Plc 23 25 7
Holdings of Volvo Technology Transfer 2–26 –
Other 363
Subtotal 26 694 329
Gain (loss) on sales of shares
Mitsubishi Motors 3–768 –
Holdings of Volvo Technology Transfer 2105 (10) (16)
Other 4(61) (42) (4)
Subtotal 44 716 (20)
Total 70 1,410 309
1In 2000 accounted for by the equity method and included in Income from investments in associated companies.
2A Volvo venture-capital company.
3Excluding costs of 194 for terminating the distribution of Mitsubishi Canter as well as costs for terminated development projects.
4Including write-down of shares.