Volvo 2003 Annual Report Download - page 78

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76
Parent Company AB Volvo
Notes to financial statements
Note 9Intangible and tangible assets
Value in Value in Value in
balance sheet balance sheet Capital Sales/ Reclassi- balance sheet
Acquisition cost 2001 2002 expenditures scrapping fications 2003
Rights 52 52 — – – 52
Total intangible assets 52 52 – – – 52
Buildings 17 15 0 (5) 1 11
Land and land improvements 8 7 – (2) – 5
Machinery and equipment 47 47 0 0 0 47
Construction in progress 1 1 – – (1) –
Total tangible assets 73 70 0 (7) 0 63
Value in Value in Value in Net carrying
balance sheet balance sheet Sales/ balance sheet value in balance
Accumulated depreciation 2001 22002 2Depreciation 1scrapping 2003 2sheet 2003 3
Rights 52 52 – – 52 0
Total intangible assets 52 52 – – 52 0
Buildings 2100110
Land and land improvements – – 0 – – 5
Machinery and equipment 36 38 1 – 39 8
Construction in progress ––––––
Total tangible assets 38 39 1 0 40 23
The assessed value of buildings was 7 (7; 8) and of land 3 (4; 4).
Capital expenditures in tangible assets amounted to 0 (1; 10).
Capital expenditures approved but not yet implemented at year-end
2003 amounted to 1 (2; 1).
1 Including write-downs.
2 Including accumulated write-downs.
3 Acquisition value, less depreciation.
Note 10 Investments in shares and participations
Holdings of shares and participations are specified in AB Volvo’s holding of shares pages 81–83. Changes in holdings of shares and
participations are shown below.
Group companies Non-Group companies
2001 2002 2003 2001 2002 2003
Balance December 31, previous year 39,729 38,140 38,950 28,587 26,224 26,168
Acquisitions/ New issue of shares 15,581 1,055 2,796 1 (25) 0
Divestments (22,388) (3) (1,998) (2,344) (6) (587)
Shareholder contributions 17,435 289 3,160———
Write-downs (12,217) (531) (1,579) (20) (25) (4,344)
Reclassification, Scania AB –––––(20,424)
Balance, December 31 38,140 38,950 41,329 26,224 26,168 813