Volvo 2007 Annual Report Download - page 111
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Financial information 2007 107
Note 17 Other long-term receivables
Note 19 Short-term customer-fi nancing receivables
Note 18 Inventories
2006 2007
Other loans to external parties 300 177
Prepaid pensions 2,041 2,131
Other fi nancial receivables 1,394 1,088
Other receivables 665 1,383
Total 4,400 4,779
2006 2007
Installment credits 12,034 13,620
Financial leasing 7,493 10,494
Dealer fi nancing 11,703 13,191
Other receivables 1,423 1,056
Total 32,653 38,361
Effective interest rate for Short-term customer-fi nancing receivables was 7.26% as per December 31, 2007.
See notes 36 and 37 for fi nancial instruments and goals and policies in fi nancial risk management.
2006 2007
Finished products 20,396 28,077
Production materials, etc. 13,815 15,568
Total 34,211 43,645
Inventories recognized as cost of sale during the period, 204,881 (185,616).
Increase (decrease) in allowance for inventory obsolescence 2006 2007
Balance sheet, December 31, preceding year 2,401 2,015
Increase in allowance for inventory obsolescence charged to income 186 757
Scrapping (169) (239)
Translation differences (130) 2
Reclassifi cations, etc. (273) 302
Balance sheet, December 31 2,015 2,837