Volvo 2006 Annual Report Download - page 105
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Consolidated balance sheets Volvo Group excl
January 1, 2005 Financial Services
1 Financial Services Volvo Group total
2
Dec 31 IAS 39 Jan 1 Dec 31 IAS 39 Jan 1 Dec 31 IAS 39 Jan 1
SEK M 2004 adjustments 2005 2004 adjustments 2005 2004 adjustments 2005
Assets
Intangible assets 17,570 17,570 42 42 17,612 17,612
Property, plant and equipment 27,260 27,260 3,891 3,891 31,151 31,151
Assets under operating leases 8,477 8,477 773 773 19,534 19,534
Shares and participations 10,116 (494) 9,622 193 193 2,003 (494) 1,509
Long-term customer fi n ance receivables 147 424 571 33,887 611 34,498 25,187 1,035 26,222
Long-term interest-bearing receivables 1,797 1,797 5 5 1,741 1,741
Other long-term receivables 6,492 985 7,477 212 212 6,100 988 7,088
Inventories 28,291 28,291 307 307 28,598 28,598
Short-term customer fi n ance receivables 83 430 513 29,531 298 29,829 26,006 727 26,733
Short-term interest bearing receivables 10,330 10,330 0 0 1,643 1,643
Other short-term receivables 30,043 4,040 34,083 1,628 1,628 29,647 1,690 31,337
Marketable securities 25,839 25,839 116 116 25,955 25,955
Cash and cash equivalent 8,789 8,789 914 914 8,791 8,791
Total assets 175,234 5,385 180,619 71,499 909 72,408 223,968 3,946 227,914
Shareholders’ equity and liabilities
Shareholders’ equity 70,155 348 70,503 8,306 8,306 70,155 348 70,503
Minority interests – – – – – –
Provisions for post-employment benefi ts 14,677 14,677 26 26 14,703 14,703
Other provisions 14,115 439 14,554 845 (6) 839 14,993 432 15,425
Loans 13,968 3,340 17,308 57,860 915 58,775 61,807 1,908 63,715
Other liabilities 62,319 1,258 63,577 4,462 4,462 62,310 1,258 63,568
Shareholders’ equity and liabilities 175,234 5,385 180,619 71,499 909 72,408 223,968 3,946 227,914
Financial position January 1, 2005
Updated taking into account all differences between Swedish GAAP
and IFRS including IAS 39 and IFRS 5. Impact of adopting IAS 39 is
charged to Equity according to IFRS 1 as of January 1, 2005. The
IFRS balance including IAS 39 effects has been used as opening
balance for cash fl ow calculation during 2005.
1 Financial Services reported in accordance with the equity method.
2 The Volvo Group total column is presented in accordance with IFRS and
equals the consolidated balance sheet presented on page 53. The two pro-
ceeding columns do not total the Volvo Group total due to (i) reclassifi cation
of lease contracts and (ii) eliminations of intra group balances. Certain
lease contracts are accounted for as operating lease contracts in the Volvo
Group total balance sheet where as they are accounted for as fi nance lease
contracts in Financial Services stand alone.
Financial information 2006 101