Volvo 2005 Annual Report Download - page 147
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Dec 31, 2004 Dec 31, 2005
AB Volvo’s holding of shares Registration Percentage Carrying value, Carrying value,
and participations in Group companies (cont.) number holding SEK M SEK M
VNA Holding Inc, USA – 100 3,510 3,510
Volvo Trucks North America, Inc, USA – 100 – –
Arrow Truck Sales, Inc, USA – 100 – –
Volvo Construction Equipment North America Inc., USA – 100 – –
Volvo Penta of The Americas, Inc, USA – 100 – –
Volvo Aero North America Inc, USA – 100 – –
Volvo Aero Services LP, USA – 100 – –
Volvo Treasury North America Inc, USA – 100 – –
Volvo Commercial Finance LLC The Americas, USA – 100 – –
Volvo Information Technology, North America, USA – 100 – –
Volvo Treasury Canada, Inc. Canada – 100 – –
Volvo Treasury AB, Sweden 556135-4449 100 3,044 3,044
Sotrof AB, Sweden 556519-4494 100 1,388 1,388
Danafjord AB, Sweden 556006-8313 100 – –
Volvo Group Finance Europe BV, The Netherlands – 100 1,003 1,003
Volvo Construction Equipment Korea Co Ltd, South Korea – 100 – –
Volvo Financial Services AB, Sweden 556000-5406 100 1,231 1,413
Volvo Truck Finance Holding BV, Netherlands – 100 – –
VFS Financial Services (UK) Ltd, Great Britain – 100 – –
VFS Deutschland GmbH, Germany – 100 – –
VFS Financial Services Spain EFC, SA, Spain – 100 – –
VFS Nordic AB, Sweden 556579-1778 100 – –
Kommersiella Fordon Europa AB, Sweden 556049-3388 100 245 249
Volvo China Investment Co Ltd, China – 100 523 523
Volvo Truck & Bus Ltd, Great Britain
1 – 100 413 413
Volvo Holding Mexico, Mexico – 100 388 388
Volvo Technology Transfer AB, Sweden 556542-4370 100 361 361
Volvo Powertrain AB, Sweden 556000-0753 100 348 348
Volvo Parts AB, Sweden 556365-9746 100 200 200
Volvo Group Insurance Försäkrings AB, Sweden 516401-8037 100 182 182
Volvo Business Services, Sweden 556029-5197 100 107 107
Volvo Danmark Holding AS, Denmark – 100 104 104
Volvo Italia Spa, Italy – 100 0 0
VFS Servizi Financiari Spa, Italy
3 – 100 101 101
Volvo Norge AS, Norway – 100 56 56
Volvo Malaysia Sdn, Malaysia – 100 48 48
Rossareds Fastighets AB, Sweden 556009-1190 100 26 26
Volvo Penta UK Ltd, Great Britain – 100 16 16
ZAO Volvo Vostok, Russia4 – 100 0 0
Volvo East Asia (Pte) Ltd, Singapore – 100 9 9
Volvo Information Technology AB, Sweden 556103-2698 100 8 8
Other holdings 38 13
Total carrying value Group companies5 40,393 40,812
1 Total holding by VTC Holding and AB Volvo is 100%.
2 Joint ventures, reported in accordance with the proportionate consolidation method in Volvo’s consolidated accounts.
3 Total holding by Volvo Italia and AB Volvo is 100%.
4 Total holding by Volvo Trucks Deutschland and AB Volvo is 100%.
5 AB Volvo’s share of shareholders’ equity in subsidiaries (including equity in untaxed reserves) was 67,804 (55,831).
Volvo Group 2005
143