Volvo 2007 Annual Report Download - page 107
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Please find page 107 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. Financial information 2007 103
Entrance
fees, Product and Other Total
industrial software intangible intangible
Accumulated depreciation and amortization Goodwill programs development assets assets
Value in balance sheet 2006 – 1,729 6,105 1,111 8,945
Depreciation and amortization – 86 2,357 276 2,719
Write-downs – – – – –
Sales/scrapping – 0 (543) (5) (548)
Acquired and divested operations3 – 0 0 2 2
Translation differences – 0 25 11 36
Reclassifi cations and other – (176) 10 151 (15)
Value in balance sheet 2007 – 1,639 7,954 1,546 11,139
Net carrying value in balance sheet 20074 19,969 1,529 11,169 3,841 36,508
Total
Construction investment
in progress, property, Assets
including property, under Total
Tangible assets, Land and land Machinery and advance plant and operating tangible
acquisition costs Buildings improvements equipment2 payments equipment leases assets
Value in balance sheet 2006 18,584 4,447 44,694 3,068 70,793 30,155 100,948
Capital expenditures 931 357 5,005 1,643 7,936 4,800 12,736
Sales/scrapping (279) (101) (4,034) 2 (4,412) (4,239) (8,651)
Acquired and divested operations3 5,852 4,886 12,039 187 22,964 (16) 22,948
Translation differences 137 (14) (94) (13) 16 223 239
Reclassifi cations and other 678 (31) 1,382 (1,721) 308 2,052 2,360
Value in balance sheet 2007 25,903 9,544 58,992 3,166 97,605 32,975 130,580
Total
Construction investment
in progress, property, Assets
including property, under Total
Accumulated depreciation Land and land Machinery and advance plant and operating tangible
and amortization Buildings improvements equipment2 payments equipment leases assets
Value in balance sheet 2006 7,592 527 28,295 – 36,414 9,654 46,068
Depreciation and amortization5 967 55 4,363 – 5,385 4,370 9,755
Sales/scrapping (164) (5) (3,341) – (3,510) (2,294) (5,804)
Acquired and divested operations3 3,442 1 8,391 – 11,834 (12) 11,822
Translation differences 60 (15) 254 – 299 81 380
Reclassifi cations and other (66) (4) 43 – (27) (1,326) (1,353)
Value in balance sheet 2007 11,831 559 38,005 – 50,395 10,473 60,868
Net carrying value in
balance sheet 20074 14,072 8,985 20,987 3,166 47,210 22,502 69,712
1 Includes on the date of IFRS adoption, acquisition costs of 14,184 and accu-
mulated amortization of 3,863.
2 Machinery and equipment pertains mainly to production equipment.
3 Includes subsidiaries and joint ventures that previously were accounted for
according to the equity method.
4 Acquisition costs less accumulated depreciation, amortization and write-
downs.
5 Of which write-down 0 (80).
“Reclassifi cations and other” mainly consist of “assets under operat-
ing leases” related to legal sales transactions, where revenue is
deferred and accounted for as operating lease revenue. Assets clas-
sifi ed as inventory will, when the operating lease model is applied for
revenue recognition, be classifi ed from “inventory” to “assets under
operating leases”, when the legal sales transaction occurs. If the prod-
uct is returned after the lease period, there will again be a reclassifi ca-
tion from “assets under operating leases” to “inventory”. When a buy-
back agreement has expired, but the related product is not returned,
the acquisition cost and the accumulated depreciation are reversed in
“reclassifi cation and other”, within the line item “assets under operat-
ing leases”. Some of the reclassifi cations within tangible assets relate
to construction in progress, which are reclassifi ed to the respective
category within property, plant and equipment.