Volvo 2004 Annual Report Download - page 111

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109
Summarized reconciliation of shareholders' equity,
SEKM 040101 041231 050101
Equity under Swedish GAAP 72,420 69,409 69,409
IFRS adjustments:
Capitalization and amortization of development
costs and software 722 340 340
Minority interest 217 229 229
Non-amortization of goodwill 0 665 665
Post employee benefits (580) (473) (473)
Investments in listed companies (494)
Fair value gains and losses on derivatives for hedge of:
– Commercial cash flow 1,195
– Electricity contracts (25)
Consolidation of temporary investments (152) – –
Share based payments 0 14 14
Deferred taxes on IFRS adjustments (96) (29) (358)
Total adjustments to IFRS 112 746 1,094
Equity under IFRS 72,532 70,155 70,503
Summarized reconciliation of net income, SEKM 2004
Net income under Swedish GAAP 9,355
IFRS adjustments:
Capitalization and amortization of development costs and software (382)
Minority interest 40
Non-amortization of goodwill 684
Post employee benefits 13
Consolidation of temporary investments 142
Deferred taxes on IFRS adjustments 55
Total adjustments to IFRS 552
Net income under IFRS 9,907
Summarized reconciliation of net financial position, SEK bn 2004
Volvo Group excl VFS
Net financial position at December 31, 2004 under Swedish GAAP 18.7
IFRS adjustments:
Post Employee benefits (0.5)
Financial assets not qualified for derecognition (3.4)
Total adjustments to IFRS (3.9)
Net financial position at January 1, 2005 under IFRS 14.8