Volvo 2005 Annual Report Download - page 110

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The Volvo Group
106 Volvo Group 2005
Changes in the Volvo Group’s holdings of shares and participations: 2004 2005
Balance sheet, December 31, preceding year 22,206 2,003
IFRS transition effect – (494)
Acquisitions and divestments, net (20,740) (268)
Net of write-downs/revaluations 772 (552)
New issue of shares and shareholders’ contributions 45 28
Share of income in associated companies 29 (80)
Change in Group structure (280) (90)
Fair value of shares – 83
Translation differences (29) 159
Dividends 0 (2)
Other 0 (36)
Balance sheet, December 31 2,003 751
Notes to consolidated fi nancial statements
Dec 31, 2004 Dec 31, 2005
Group holdings of shares and Registration Percentage Carrying value Carrying value
participations in non-Group companies number holding SEK M SEK M
Shares in associated companies,
equity method of accounting
Blue Chip Jet HB, Sweden 969639-1011 40 90 85
Merakvim Metal Works Ltd, Israel – 27 20 26
Diamond Finance Ltd, Great Britain – 40 – 23
Thomas Hardie Commercials Ltd, Great Britain – 24 10 14
Fonderie Venissieus, France – 49 15 21
Quingdao Sunwin Bus Corp, China 21 – 9
Arabian Vehicle & Truck Industry Ltd, Saudi Arabia – 25 9 9
Peach County Holdings Inc, USA – 43 556 0
Aviation Lease Finance, USA – 49 172 –
Småföretagarinvest AB (previously Arbustum Invest AB), Sweden – – 35 –
Other holdings – – 6 8
Total shares and participations in associated companies
1 913 195
Shares and participations in other companies
Deutz AG, Germany2 – 7 670 253
Småföretagarinvest AB (previously Arbustum Invest AB), Sweden 556543-4247 17 – 32
Other holdings 420 271
Total shares and participations in other companies 1,090 556
Carrying value in accordance with Group balance sheet 2,003 751
1 Volvo’s share of shareholders’ equity in associated companies (incl. equity in
untaxed reserves) amounted to 195; (913). Excess values amounted to 0 (0).
2 Deutz AG is valued to market value as from January 1, 2005 according to
IAS 39, more information note 1 Accounting principles and note 3 Effects
of IFRS. The transition effect has been charged to equity.