Volvo 2003 Annual Report Download - page 85

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83
Dec 31, 2002 Dec 31, 2003
AB Volvo’s holding of shares and Registration Percentage Carrying value, Carrying value,
participations in Group companies (cont.) number holding SEK M SEK M
VNA Holding Inc, USA –100 3,510 3,510
Volvo Trucks North America, Inc., USA – 100 – –
Volvo Construction Equipment North America Inc., USA – 100 – –
Volvo Penta of The Americas, Inc., USA – 100 – –
Volvo Aero North America Inc., USA – 100 – –
Volvo Aero Services LP, USA – 95 – –
Volvo Treasury North America Inc., USA – 100 – –
Volvo Commercial Finance LLC The Americas, USA – 100 – –
Volvo Holding Sverige, Sweden 556539-9853 100 5,693 7,634
Volvo Treasury AB, Sweden 556135-4449 100 3,044 3,044
Sotrof AB, Sweden 556519-4494 100 2,488 1,988
Volvo Group Finance Europe BV, The Netherlands — 100 1,003 1,003
Volvo Construction Equipment Korea Co Ltd, South Korea — 100 — —
Volvo Financial Services AB, Sweden 556000-5406 100 486 886
Kommersiella Fordon Europa AB, Sweden 556049-3388 98 — 855
Volvo China Investment Co Ltd, China — 100 275 622
Volvo Truck & Bus Ltd, Great Britain 1—100 413 413
Volvo Holding Mexico, Mexico — 100 278 388
Volvo Technology Transfer AB, Sweden 556542-4370 100 286 361
Volvo Powertrain AB, Sweden 556000-0753 100 166 348
Volvo Parts AB, Sweden 556365-9746 100 200 200
Volvo Group Insurance Försäkrings AB, Sweden 516401-8037 100 182 182
Volvo Business Services, Sweden 556029-5197 100 27 107
Volvo Holding Danmark AS, Denmark — 100 104 104
Volvo Norge AS, Norway — 100 56 56
Volvo Malaysia Sdn, Malaysia — 100 48 48
Celero Support AB, Sweden 556039-1798 100 25 25
Volvo Bus de Mexico, Mexico — 100 50 —
Other holdings 171 163
Total carrying value Group companies 338,950 41,329
1Total holding by Volvo Global Trucks and AB Volvo is 100%.
2Joint ventures, reported in accordance with the proportionate consolidation method in Volvo’s consolidated accounts.
3AB Volvo’s share of shareholders’ equity in subsidiaries (including equity in untaxed reserves) was 51,395 (49,657).