Volvo 2005 Annual Report Download - page 108
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The Volvo Group
104 Volvo Group 2005
Note 13 Minority interests
Minority interests in income (loss) for the period and in shareholders’ equity consisted mainly of the minority interests in Volvo Aero Norge AS
(22%), in Wuxi da Hao Power Co, Ltd (30%) and in Berliet Maroc S.A (30%).
Note 14 Intangible and tangible assets
Value in Value in
balance Acquired and Reclassi- balance
sheet Capital Sales/ divested Translation fi cations sheet
Acquisition costs 2004 expenditures scrapping operations 5 differences and other 2005
Goodwill1 10,321 – – 20 721 10 11,072
Entrance fees, aircraft engine programs 2,758 374 (34) – 15 (142) 2,971
Product and software development 8,585 3,004 (28) – 189 67 11,817
Other intangible assets 1,734 95 (13) – 55 (87) 1,784
Total intangible assets 23,398 3,473 (75) 20 980 (152) 27,644
Buildings 16,928 742 (113) (181) 1,114 57 18,547
Land and land improvements 3,988 290 (91) (7) 402 42 4,624
Machinery and equipment2 39,530 4,685 (1,750) (457) 2,606 567 45,181
Construction in progress
including advance payments 2,435 1,112 (6) – 185 (659) 3,067
Total property, plant
and equipment 62,881 6,829 (1,960) (645) 4,307 7 71,419
Assets under operating leases 30,999 4,549 (3,770) – 2,988 (2,767) 31,999
Total tangible assets 93,880 11,378 (5,730) (645) 7,295 (2,760) 103,418
Value in Deprecia- Acquired Trans- Value in Net carrying
balance tion and and lation Reclassi- balance value in bal-
Accumulated depreciation sheet amortiza- Sales/ divested differ- fi cations sheet ance sheet 4
and amortization 2004 tion 3 scrapping operations 5 ences and other 2005 2005
Goodwill – – – – – – – 11,072
Entrance fees,
aircraft engine programs 1,386 104 – – 2 (55) 1,437 1,534
Product and software development 3,413 1,160 – – 60 57 4,690 7,127
Other intangible assets 987 145 (13) – 42 (65) 1,096 688
Total intangible assets 5,786 1,409 (13) – 104 (63) 7,223 20,421
Buildings 6,732 734 (37) 8 414 (37) 7,814 10,733
Land and land improvements 441 54 (2) 1 44 (17) 521 4,103
Machinery and equipment
2 24,557 3,582 (1,459) (259) 1,569 93 28,083 17,098
Construction in progress,
including advance payments – – – – – – – 3,067
Total property, plant and equipment 31,730 4,370 (1,498) (250) 2,027 39 36,418 35,001
Assets under operating leases 11,465 4,115 (1,788) – 1,118 (3,750) 11,160 20,839
Total tangible assets 43,195 8,485 (3,286) (250) 3,145 (3,711) 47,578 55,840
1 Includes on the date of IFRS adoption, acquisition costs of 14,184 and
accumulated amortization of 3,863.
2 Machinery and equipment pertains mainly to production equipment.
3 Includes write-downs, 72.
4 Acquisition costs less accumulated depreciation, amortization and write-
downs.
5 Includes subsidiaries and joint ventures that previously were accounted for
according to the equity method.
Notes to consolidated fi nancial statements