Volvo 2007 Annual Report Download - page 109
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Please find page 109 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 105
Note 15 Shares and participations
Dec 31, 2006 Dec 31, 2007
Group holdings of shares and Registration Percentage Carrying value Carrying value
participations in non-Group companies number holding SEK M SEK M
Shares in associated companies,
equity method of accounting
Dong Feng Nissan Diesel Motor Co.,Ltd., China – 50 – 116
Blue Chip Jet II HB, Sweden 969717-2105 50 148 266
Blue Chip Jet HB, Sweden 969639-1011 40 81 19
Nissan Diesel Doto Sales Co.,Ltd., Japan – 38 – 57
Nissan Diesel Niigata Sales Co.,Ltd., Japan – 50 – 42
PK-UD Axle Co.,Ltd. (HangZhou), China – 45 – 20
Merkavim Metal Works Ltd, Israel – 27 34 46
Diamond Finance Ltd, Great Britain – 40 24 25
Thomas Hardie Commercials Ltd, Great Britain – 24 14 15
JV Fonderie Venissieux, France – 49 23 25
Quingdao Sunwin Bus Corp, China 21 9 9
Arabian Vehicle & Truck Industry Ltd, Saudi Arabia – 25 9 9
Nissan Diesel, Japan – – 5,445 –
Other holdings – 7 8
Total shares and participations in associated
companies in accordance with Group Balance Sheet1 5,794 657
Shares and participations in other companies
Deutz AG, Germany – 7 740 536
Nippon Express Co.,Ltd., Japan – 1 – 140
Sankyu Inc., Japan – 1 – 60
TBK Co.,Ltd., Japan – 7 – 68
Småföretagarinvest AB, Sweden – – 14 –
Other holdings – 342 758
Total shares and participations in other companies
in accordance with Group Balance Sheet 1,096 1,562
Total value of Group holdings of shares and
participations in non-group companies 6,890 2,219
Carrying value Market value
Deutz AG 536 536
Nippon Express Co.,Ltd., Japan 140 140
TBK Co.,Ltd.. Japan 68 68
Sankyu Inc., Japan 60 60
Nishi-Nippon Railroad Co.,Ltd., Japan 36 36
Nippon Konpo Unyu Soko Co.,Ltd. 25 25
Hitachi Construction. Machinery Co.,Ltd., Japan 24 24
Fukuyama Transporting Co.,Ltd.. Japan 22 22
Senko Co.,Ltd, Japan 21 21
Tonami Transportation Co.,Ltd., Japan 17 17
Yamato Holdings Co.,Ltd., Japan 11 11
Denyo Co.,Ltd., Japan 10 10
Holdings in other listed companies 60 60
Total holdings in listed companies 1,030 1,030
Holdings in non-listed companies1 532 –
Total shares and participations
in other companies 1,562 1,030
1 Unlisted shares, for which a reliable fair value cannot be determined, should be
reported at the acquisition value reduced in appropriate cases by write-downs.
1 Volvo’s share of shareholders’ equity in associated companies (incl. equity in untaxed reserves) amounted to 657 (5,794). Excess values amounted to 54 (549).
The market values of Volvo’s holdings of shares and participations in listed companies as of December 31, 2007 are shown in the table below.