Volvo 2007 Annual Report Download - page 132
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Please find page 132 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.The Volvo Group
128 Financial information 2007
Notes to consolidated fi nancial statements
Dec 31, 2006 Dec 31, 2007
Carrying Fair Carrying Fair
value value value value
Assets
Financial assets at fair value through profi t and loss
The Volvo Group’s outstanding
currency risk contracts – commercial exposure 1,074 1,074 1,192 1,192
The Volvo Group’s outstanding
raw materials contracts 25 25 113 113
The Volvo Group’s outstanding
interest risk contracts – fi nancial exposure 2,661 2,661 2,685 2,685
Marketable securities 20,342 20,342 16,490 16,490
24,102 24,102 20,480 20,480
Loan receivables and other receivables
Account receivables 23,251 – 30,504 –
Customer fi nancing receivables3 64,742 – 78,847 –
Loans to external parties and
other interest-bearing receivables 447 – 525 –
Conduit loans and other interest-bearing loans 393 382 106 102
88,833 382 109,982 102
Financial assets for sale
Shares and participations for which:
a market value can be calculated1 740 740 1,030 1,030
a market value can not be calculated2 356 – 1,189 –
1,096 740 2,219 1,030
Cash and cash equivalents 10,757 – 14,543 –
Liabilities
Financial liabilities at fair value through profi t and loss
The Volvo Group’s outstanding
currency risk contracts – commercial exposure 310 310 924 924
The Volvo Group’s outstanding raw materials contract 47 47 20 20
The Volvo Group’s outstanding
interest risk contracts – fi nancial exposure 820 820 876 876
1,177 1,177 1,820 1,820
Financial liabilities valued at amortized cost
Long term bond loans and other loans 38,818 40,575 63,470 66,338
Short term bank loans and other loans 28,100 27,032 44,630 44,161
66,918 67,607 108,100 110,499
Trade Payables 38,080 – 52,663 –
1 Refers to Volvo’s ownership in Deutz AG valued at market value and Nissan
Diesel’s holdings in noted shares.
2 Unlisted, for which a reliable fair value can not be determined, are reported at
aquisition value. No single block of shares represent a signifi cant amount.
Information regarding reported and fair values
In the table below, carrying values are compared with fair values of fi nancial instruments.
3 Volvo does not estimate the risk premium for the customer fi nance receivables
and chooses therefore not to disclose fair value for this category.