Volvo 2005 Annual Report Download - page 106

Download and view the complete annual report

Please find page 106 of the 2005 Volvo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 162

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162

The Volvo Group
102 Volvo Group 2005
Note 10 Income from other investments
2004 2005
Dividends received
Holdings of Volvo Technology Transfer1 – 11
Other 11 2
Subtotal 11 13
Revaluation and write downs of shares
Scania AB 915 –
Henlys Group Plc (95) –
Holdings of Volvo Technology Transfer1 (13) –
Smith Land & Improvement (SABA Holding) (22) –
Other (8) (2)
Subtotal 777 (2)
Gain (loss) on divestment of shares
Holdings of Volvo Technology Transfer1 1 40
Bilia AB 24 –
Other 17 (14)
Subtotal 42 26
Total 830 37
1 A Volvo venture-capital company.
Notes to consolidated fi nancial statements
Note 9 Income from investments in associated companies
2004 2005
Income/loss
JV Fonderie Venissieux 5 9
Aviation Lease Finance 27 6
Thomas Hardie Commercials Ltd 8 5
Merkavim Metal Works Ltd 1 4
Peach County Holdings – (103)
Other companies (12) (1)
Subtotal 29 (80)
Revaluation and write-down of shares
Peach County Holding – (550)
Other companies (2) (2)
Subtotal (2) (552)
Gains (losses) on sale of shares
in associated companies
Aviation Lease Finance – 71
Other companies – 4
Subtotal 0 75
Total income (loss) from investments
in associated companies 27 (557)
Income from investments in associated companies are specifi ed
below:
Note 8 Other operating income and expenses
2004 2005
Gains/losses on currency related forward and options contracts 828 (566)
Exchange rate differences on trade receivables and payables (86) 481
Gains/losses on divestment of group companies 69 697
Change in allowances and write offs for doubtful receivables, customer fi nancing (545) (460)
Change in allowances, and write offs for doubtful receivables, other 37 (133)
Expenses for industrial relocation of Renault Trucks Villaverde plant in Spain (470) –
Expenses for closing Volvo Buses Heilbronn plant in Germany – (95)
Volvo profi t sharing program (200) (419)
Other income and expenses (250) (95)
Total (618) (590)