Volvo 2007 Annual Report Download - page 102
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Please find page 102 of the 2007 Volvo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.The Volvo Group
98 Financial information 2007
Notes to consolidated fi nancial statements
Net sales 2006 2007
Trucks 171,265 187,892
Construction Equipment 42,131 53,633
Buses 17,271 16,608
Volvo Penta 10,774 11,719
Volvo Aero 8,233 7,646
Other and eliminations (654) (703)
Industrial operations 249,020 276,795
Customer Finance 7,648 7,705
Reclassifi cations and eliminations 2,167 905
Volvo Group 258,835 285,405
The above sales fi gures include internal sales in the following amounts:
Net sales to Group companies 2006 2007
Trucks 933 1,584
Construction Equipment 134 247
Buses 120 549
Volvo Penta 24 41
Volvo Aero 86 93
Other and eliminations (104) (1,261)
Industrial operations 1,193 1,253
Customer Finance 376 383
Eliminations (1,569) (1,636)
Volvo Group 0 0
Internal sales between business areas are generally made at standard
cost of sales, including calculated interest and product improvement
expenses. Internal sales from service companies are generally made
at market prices.
Operating income 2006 2007
Trucks 13,116 15,193
Construction equipment 4,072 4,218
Buses 745 231
Volvo Penta 1,105 1,173
Volvo Aero 359 529
Other (684) (761)
Industrial operations 18,713 20,583
Customer Finance 1,686 1,649
Volvo Group 20,399 22,231
Operating income in 2006 includes adjustment of goodwill of (1,712),
which was reported in Trucks.
Depreciation and amortization 2006 2007
Trucks 7,980 7,601
Construction Equipment 982 1,502
Buses 375 385
Volvo Penta 335 417
Volvo Aero 375 346
Other (377) (465)
Industrial operations 9,670 9,786
Customer Finance 168 147
Reclassifi cation Group versus segment
Customer Finance 2,545 2,541
Volvo Group total1 12,383 12,474
1 Of which write-down 55 (80).
Research and development expenses 2006 2007
Trucks 5,694 7,799
Construction Equipment 1,119 1,588
Buses 663 739
Volvo Penta 559 645
Volvo Aero 292 290
Other 27 (2)
Volvo Group total 8,354 11,059
Income from investments in
associated companies 2006 2007
Trucks 23 403
Construction Equipment 0 0
Buses 10 11
Volvo Penta 0 0
Volvo Aero 8 0
Other 19 14
Industrial operations 60 428
Customer Finance 1 2
Volvo Group total 61 430
Total assets 2006 2007
Operating assets, Industrial operations:1
Trucks 88,208 116,599
Construction Equipment 25,877 42,693
Buses 10,260 11,477
Volvo Penta 5,298 5,973
Volvo Aero 10,176 10,177
Other 1,815 1,405
Total operating assets
Industrial operations 141,634 188,324
Interest-bearing fi nancial assets 43,212 43,727
Tax receivables 7,476 10,094
Total assets in Customer Finance 79,802 94,605
Other and eliminations (13,697) (15,103)
Volvo Group total 258,427 321,647
1 Defi ned as Total assets less Interest-bearing fi nancial assets and Tax receiv-
ables.