Volvo 2006 Annual Report Download - page 155
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Financial information 2006 151
Dec 31, 2005 Dec 31, 2006
AB Volvo’s holding of shares Registration Percentage Carrying value, Carrying value,
participations in major Group companies (cont.) number holding SEK M SEK M
Volvo Financial Services AB, Sweden 556000-5406 100 1,413 1,413
VFS International AB, Sweden 556316-6064 100 – –
VFS Financial Services BV, The Netherlands – 100 – –
VFS Financial Services (UK) Ltd, Great Britain – 100 – –
VFS Deutschland GmbH, Germany – 100 – –
VFS Financial Services Spain EFC, SA Spain – 100 – –
VFS Canada Inc, Canada – 100 – –
Volvo Treasury AB, Sweden 556135-4449 100 3,044 3,044
Volvo Treasury Asia Ltd, Singapore – 100 – –
Sotrof AB, Sweden 556519-4494 100 1,388 1,388
Volvo Logistics AB, Sweden 556197-9732 100 – –
Danafjord AB, Sweden 556006-8313 100 – –
Volvo Group Finance Europe BV, The Netherlands – 100 1,003 1,003
Volvo Korea Holding AB, Sweden 556531-8572 100 – –
Volvo Construction Equipment
Korea Co Ltd, South Korea – 100 – –
Volvo China Investment Co Ltd, China – 100 523 523
Shanghai Sunwin Bus Co, China 2 – 50 – –
XIAN Silver Bus Co, China 2 – 50 – –
Volvo Automotive Finance (China) Ltd, China – 100 – 491
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 Technology AB, Sverige 556542-4321 100 – –
Volvo Powertrain AB, Sweden 556000-0753 100 348 348
Volvo Information Technology AB, Sweden 556103-2698 100 8 276
Volvo Parts AB, Sweden 556365-9746 100 200 200
Volvo Group Insurance Försäkrings AB, Sweden 516401-8037 100 182 182
Volvo Business Services AB, Sweden 556029-5197 100 107 107
Volvo Danmark Holding AS, Denmark – 100 104 104
VFS Servizi Financiari Spa, Italy
3 – 100 101 101
Kommersiella Fordon Europa AB, Sweden 556049-3388 100 249 89
Volvo Norge AS, Norway – 100 56 56
Volvo Malaysia Sdn, Malaysia – 100 48 48
ZAO Volvo Vostok, Russia
4 – 100 0 34
Volvo Italia Spa, Italy – 100 0 27
Rossareds Fastighets AB, Sweden 556009-1190 100 26 26
Volvo Penta UK Ltd, Great Britain – 100 16 16
Volvo East Asia (Pte) Ltd, Singapore – 100 9 9
Volvo Automotive Holding BV, The Netherlands – 100 3 3
Volvo Information Technology GB Ltd, Great Britain – 100 3 3
Other holdings 7 8
Total carrying value Group companies5 40,812 40,419
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 76,232 (67,804).