Volvo 2007 Annual Report Download - page 141
Download and view the complete annual report
Please find page 141 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 137
Note 3 Other operating income and expenses
Note 4 Income from investments in Group companies
Note 5 Income from investments in associated companies
Note 8 Allocations
Note 7 Other fi nancial income and expenses
Note 6 Interest income and expenses
Other operating income and expenses include profi t-sharing payments to employees in the amount of 1 (2).
Of the income reported, 841 (399) pertain to dividends from Group
companies. Of the dividends, 719 pertain to dividend from Volvo Finan-
cial Services AB. The shares in VFS Servizi Finanziari Spa have been
written down by 22 and the shares in Volvo Information Technology AB
have been written down by 113. In 2006, the shares in Volvo Information
Income from associated companies that are reported in the Group accounts in accordance with the equity method amounted to –118 (7). Divest-
ment of shares in Nissan Diesel to N.A. KK, a wholly-owned Japanese subsidiary, resulted in a capital loss of 142. The participations in Blue
Chip Jet I HB amounted to 104 and in Blue Chip Jet II HB to –80.
2006 2007
Allocation to additional depreciation 0 0
Tax allocation reserves (2,000) (1,230)
Total (2,000) (1,230)
Other fi nancial income and expenses include exchange rate differ-
ences on loans, guarantee commissions from subsidiaries, costs for
Interest income and similar credits amounting to 13 (56) included interest in the amount of 10 (56) from subsidiaries, and interest expenses and
similar charges totaling 527 (67) included interest of 521 (61) to subsidiaries.
Technology AB and in Kommersiella Fordon Europa AB were written
down by 32 and 160, respectively.
Transfer price adjustments and Group contributions total a net of
5,944 (8,721). In 2006, the redemption of the preference shares in
VNA Holdning Inc resulted in a capital loss of 363.
confi rmed credit facilities as well as costs of having Volvo shares reg-
istered.