Volvo 2004 Annual Report Download - page 55

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53
Consolidated balance sheets
SEK M December 31, 2002 December 31, 2003 December 31, 2004
Assets
Non-current assets
Intangible assets Note 11 17,045 16,756 16,606
Tangible assets Note 11
Property, plant and equipment 30,799 30,640 31,151
Assets under operating leases 23,525 54,324 21,201 51,841 19,534 50,685
Financial assets
Shares and participations Note 12 27,492 1,782 2,003
Long-term customer-financing receivables Note 13 25,207 23,448 25,187
Other long-term receivables Note 14 12,485 65,184 10,487 35,717 7,775 34,965
Total non-current assets 136,553 104,314 102,256
Current assets
Inventories Note 15 28,305 26,459 28,598
Short-term receivables
Customer-financing receivables Note 16 21,791 22,554 26,006
Other receivables Note 17 26,995 48,786 28,766 51,320 31,290 57,296
Shares in Scania AB Note 12 –20,424 –
Marketable securities Note 18 16,707 19,529 25,955
Cash and bank accounts Note 19 8,871 9,206 8,791
Total current assets 102,669 126,938 120,640
Total assets 239,222 231,252 222,896
Shareholders’ equity and liabilities
Shareholders’ equity Note 20
Restricted equity
Share capital 2,649 2,649 2,649
Restricted reserves 14,093 16,742 12,769 15,418 10,726 13,375
Unrestricted equity
Unrestricted reserves 60,143 56,704 46,679
Net income 1,393 61,536 298 57,002 9,355 56,034
Total shareholders’ equity 78,278 72,420 69,409
Minority interests Note 10 247 216 229
Provisions
Provisions for post-employment benefits Note 21 16,236 15,288 14,155
Provisions for deferred taxes 912 569 420
Other provisions Note 22 15,809 32,957 14,479 30,336 14,478 29,053
Non-current liabilities Note 23
Bond loans 33,870 33,090 27,612
Other loans 12,549 13,584 12,799
Other long-term liabilities 6,704 53,123 4,627 51,301 4,653 45,064
Current liabilities Note 24
Loans 26,018 27,418 21,396
Trade payables 22,214 24,528 30,813
Other current liabilities 26,385 74,617 25,033 76,979 26,932 79,141
Total shareholders’ equity and liabilities 239,222 231,252 222,896
Assets pledged Note 25 3,610 3,809 3,046
Contingent liabilities Note 26 9,334 9,611 9,189