Volvo 2007 Annual Report Download - page 157
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Please find page 157 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 153
Exports from Sweden
SEK M 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
Volvo Group, total 58,569 64,401 52,719 46,251 50,394 52,730 49,300 62,653 71,133 80,517 88,606
Key ratios
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
Gross margin, %1 24.4 23.2 20.3 19.3 17.2 17.9 19.2 21.6 21.8 22.7 22.6
Research and development expenses
as percentage of net sales1 4.9 4.9 3.9 4.1 3.0 3.3 3.9 3.8 3.3 3.4 4.0
Selling expenses as
percent of net sales1 9.4 9.0 7.0 7.7 8.1 8.7 9.1 9.1 8.5 8.0 8.9
Administration expenses as
percentage of net sales1 3.9 3.9 4.0 3.9 3.6 3.1 3.0 2.6 2.7 2.6 2.6
Return on shareholders’ equity, % 17.2 13.0 34.9 5.0 neg 1.7 0.4 13.9 17.8 19.6 18.1
Interest coverage, times1 5.8 9.6 23.1 4.5 neg 2.2 1.9 11.0 16.7 26.1 20.7
Self-fi nancing ratio, % 27 16 29 39 92 110 152 163 116 189 153
Self-fi nancing ratio Industrial
operations, % 184 105 130 72 148 196 243 268 173 235 265
Financial position,
Industrial operations, SEK M 16,956 12,232 28,758 9,392 (7,042) (6,063) (2,426) 18,110 18,675 23,076 (4,305)
Net fi nancial position as
percentage of shareholders’
equity, Industrial operations 27.0 17.4 29.3 10.6 (8.2) (7.7) (3.3) 25.8 23.7 29.2 (5.7)
Shareholders’ equity as
percentage of total assets 38.1 34.1 50.2 44.3 32.8 32.8 31.4 31.3 30.6 33.7 25.7
Shareholders’ equity as
percentage of total assets,
Industrial operations 53.1 51.2 67.3 60.8 41.8 42.4 40.5 40.0 40.4 40.6 30.8
Shareholders’ equity excluding minority
interest as percentage of total assets 37.6 33.7 49.9 44.0 32.6 32.7 31.3 31.2 30.5 33.6 25.6
1 Pertains to the Industrial operations. For periods before 2006, Financial Services is included and consolidated according to the equity method.