Volvo 2006 Annual Report Download - page 151
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Financial information 2006 147
Note 18 Other current liabilities
2004 2005 2006
Wages, salaries and withholding taxes 53 59 72
Other liabilities 156 279 136
Accrued expenses and prepaid income 90 120 153
Total 299 458 361
No collateral is provided for current liabilities. Other liabilities have
been recalculated for year 2004 due to new accounting principles.
See Note 1 Accounting principles for more information.
Note 19 Contingent liabilities
Of the contingent liabilities amounting to 126,276 (133,595;
120,738), 126,244 (133,462; 120,591) pertained to Group companies.
Guarantees for various credit programs are included in amounts
corresponding to the credit limits. These guarantees amount to
120,612 (127,987; 115,266), of which guarantees on behalf of Group
companies totaled 120,587 (127,982; 115,261).
At the end of each year, the utilized portion amounted to 62,194
(67,908; 53,142) including 62,162 (67,776; 53,130) pertaining to
Group companies.
Note 20 Cash fl ow
Other items not affecting cash 2004 2005 2006
Revaluation of shareholdings 545 8,421 192
Dividends, transfer price adjustments
and Group contributions (5,273) (6,940) (3,296)
Gain on sale of shares (27) (519) 363
Other 29 260 65
Total (4,726) 1,222 (2,676)
Further information is provided in Notes 4, 5 and 6.
Shares and participations in Group companies, net
Investments (703) (197) (853)
Disposals 33 545 691
Net investments in shares and
participations in Group
companies (670) 348 (162)
Investments and sales of shares in Group companies are shown in
Note 12.
Shares and participations in
non-Group companies, net 2004 2005 2006
Investments – – (5,737)
Disposals 15,082 1 0
Net investments in shares and
participations in non-Group
companies 15,082 1 (5,737)
Sales of shares in Scania AB resulted 2004 in a positive cash fl ow
of 15,029.
Other investments and sales of shares in Non-Group companies
are presented in Note 12.
Interest-bearing receivables including
marketable securities, net
New loans granted 0 – –
Amortization received – 988 –
Change in interest-bearing
receivables, net 0 988 –
Increase/decrease in loans
New loans – – 3,433
Amortization (3,180) (975) (690)
Change in loans, net (3,180) (975) 2,743
Note 17 Non-current liabilities
Long-term debt matures as follows:
2012 or later 6
Total 6