Volvo 2004 Annual Report Download - page 73

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71
Note 19 Cash and bank accounts
2002 2003 2004
Cash in banks 4,157 5,782 5,787
Time deposits in banks 4,714 3,424 3,004
Total 8,871 9,206 8,791
Note 18 Marketable securities
2002 2003 2004
Government securities 203 203 6,354
Banks and financial institutions 484 116 371
Corporate institutions 1,140 176 –
Real estate financial institutions 14,841 19,023 19,220
Other 39 11 10
Total 116,707 19,529 25,955
1 Effective in 2003, Volvo has adopted RR27, Financial instruments; Disclosure and presentation. See further in Note 1. As a result of the application, marketable
securities increased by 66 (–) at December 31, 2004.
Marketable securities consist mainly of interest-bearing securities, distributed as shown below:
Note 16 Short-term customer-financing receivables
2002 2003 2004
Installment credits 8,306 8,947 10,382
Financial leasing 5,269 5,737 5,488
Retailer financing 7,356 6,555 8,850
Other receivables 860 1,315 1,286
Total 21,791 22,554 26,006
Note 17 Other short-term receivables
2002 2003 2004
Accounts receivable 17,155 16,924 20,137
Prepaid expenses and accrued income 12,846 3,036 3,203
VAT receivables 1,333 1,181 1,561
Loans to external parties 11,300 3,863 1,642
Current income tax receivables 634 530 1,426
Other receivables 13,727 3,232 3,321
Total, after deduction of valuation allowances for
doubtful accounts receivable 837 (932; 1,079) 26,995 28,766 31,290
1 Effective in 2003, Volvo has adopted RR 27, Financial instrument; Disclosure and presentation. See further in Note 1. As a result of the application, accrued
interest income increased by 818 (600) and loans increased by 292 (3,000) and other receivables decreased by 77 (–).
Change of valuation allowances for doubtful accounts receivable 2002 2003 2004
Balance sheet, December 31, preceding year 1,393 1,079 932
Change of valuation allowance charged to income 224 201 (30)
Utilization of valuation allowance related to actual losses (290) (239) (174)
Acquired and divested operations (5) 68 1
Translation differences (266) (81) 17
Reclassifications, etc. 23 (96) 91
Balance sheet, December 31 1,079 932 837