Volvo 2007 Annual Report Download - page 119
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Please find page 119 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 115
Actual interest rate, Effective interest rate
Other loans Dec 31, 2007, % Dec 31, 2007, % 2006 2007
USD 1999–2007/2009–2012 4.45–5.45 4.52–5.41 4,466 3,522
EUR 2003–2007/2010–2014 3.75–5.48 3.82–5.52 3,238 4,076
GBP 2005/2009–2010 4.95–7.14 4.95–7.14 1,048 520
SEK 2004–2007/2010–2017 4.95–5.43 5.03–5.57 222 1,228
CAD 2004–2006/2010–2012 5.27–5.33 5.37–5.44 2,281 1,518
MXN 2005/2010 8.04–8.52 8.35–8.86 693 1,239
JPY 2004–2007/2009–2015 1.00–2.36 1.22–2.36 654 4,631
CHF 2006/2009–2011 3.04–3.09 3.07–3.12 1,127 1,141
BRL 2003/2017 8.05 8.40 1,220 2,085
Other loans 5.06–9.15 5.15–9.85 581 1,189
Total other long-term loans1 15,530 21,149
Deferred leasing income 2,201 2,894
Residual value liability 4,187 4,440
Other long-term fi nancial liabilities 123 523
Other long-term liabilities 237 425
Total 45,457 71,729
1 Whereof fi nancial derivatives 74 (93).
Of the above long-term loans, 541 (657) was secured.
Note 27 Current liabilities
Balance sheet amounts for loans were as follows:
2006 2007
Bank loans 4,475 12,979
Other loans1 23,772 31,893
Total 28,247 44,872
1 Whereof fi nancial derivatives 242 (147).
Bank loans include current maturities, 2,975 (1,442), of long-term
loans. Other loans include current maturities of long-term loans,
22,554 (18,967), and commercial paper, 6,547 (4,043).
Non-interest-bearing liabilities accounted for 85,406 (67,591), or
66% (70) of the Group’s total current liabilities.
Balance sheet amounts for Other current liabilities were as follows:
2006 2007
Advances from customers 2,538 3,321
Wages, salaries and withholding taxes 5,745 6,703
VAT liabilities 1,292 1,524
Accrued expenses and prepaid income 10,929 12,161
Deferred leasing income 1,546 1,864
Residual value liability 1,594 1,928
Other fi nancial liabilities 814 982
Other liabilities 3,253 3,810
Total 27,711 32,293
Secured bank loans at year-end 2007 amounted to 264 (157). The
corresponding amount for other current liabilities was 590 (1,294).
Long-term loans mature as follows:
2009 23,336
2010 12,624
2011 5,681
2012 2,441
2013 1,409
2014 or later 17,956
Total 63,447
Of other long-term liabilities the majority will mature within fi ve years.
At year-end 2007, credit facilities granted but not utilized and which
can be used without restrictions amounted to approximately SEK 23.2
billion (23.2). Approximately SEK 22.8 billion of these facilities con-
sisted of stand-by facilities for loans with varying maturities through
the year 2013. A fee is normally charged for the unused portion of
credit facilities and is reported in the income statement under other
fi nancial income and expenses.