Volvo 2007 Annual Report Download - page 121
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Please find page 121 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 117
Note 30 Cash-fl ow
Other items not affecting
cash amounted to: 2006 2007
Risk provisions and losses related to doubtful
receivables/customer – fi nancing receivables 476 90
Capital gains/losses on the sale of subsidiaries
and other business units (281) (558)
Unrealized exchange rate gains/losses on trade
receivables and payables 143 (68)
Incentive program 258 210
Other changes 56 (132)
652 (458)
2006 2007
Investments in customer fi nance receivables 20,854 20,405
New investments in fi nance leasing
– and installement contracts (26,042) (30,436)
(5,188) (10,031)
Investments in shares and participations: 2006 2007
New issue of shares (35) (24)
Shareholders contribution (10) 14
Acquisitions (5,781) 0
Divestments 24 106
Revaluations (21) 15
Other 6 325
(5,817) 436
Acquired and divested subsidiaries
and other business units: 2006 2007
Acquired subsidiaries and other business units (159) (15,421)
Divested subsidiaries and other business units 669 408
510 (15,013)
Change in bonds and other loans: 2006 2007
New borrowing 69,320 146,887
Amortization (71,929) (118,141)
(2,609) 28,746
Note 31 Leasing
Volvo as a lessor
At December 31, 2007, future rental income from noncancellable
fi nancial and operating leases (minimum leasing fees) amounted to
49,435 (31,808). Future rental income is distributed as follows:
Finance leases Operating leases
2008 13,190 3,991
2009–2012 24,267 7,232
2013 or later 399 356
Total 37,856 11,579
Allowance for uncollectible
future rental income (481)
Unearned rental income (3,827)
Present value of future rental income
related to noncancellable leases 33,548
Volvo as a lessee
At December 31, 2007, future rental payments (minimum leasing
fees) related to noncancellable leases amounted to 3,705 (3,234).
Future rental payments are distributed as follows:
Finance leases Operating leases
2008 313 803
2009–2012 347 1,642
2013 or later 92 508
Total 752 2,953