Volvo 2007 Annual Report Download - page 51
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Please find page 51 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.Consolidated cash-fl ow statements
Elim.
Industrial operations Customer Finance and reclassifi cations Volvo Group Total
SEK bn 2006 2007 2006 2007 2006 2007 2006 2007
Operating activities
Operating income 18.7 20.6 1.7 1.7 0.0 (0.1) 20.4 22.2
Depreciation and amortization 9.8 10.3 0.4 0.1 2.2 2.1 12.4 12.5
Other non-cash items 0.2 (0.4) 0.7 0.1 (0.2) (0.2) 0.7 (0.5)
Change in working capital (3.1) (0.1) (3.6) (10.2) (1.0) 0.4 (7.7) (9.9)
Financial items and income taxes paid (3.7) (6.0) (0.6) (0.4) 0.0 0.5 (4.3) (5.9)
Cash fl ow from
operating activities 21.9 24.4 (1.4) (8.7) 1.0 2.7 21.5 18.4
Investing activities
Investments in fi xed assets and R&D (9.7) (10.1) (0.3) 0.0 0.0 0.0 (10.0) (10.1)
Investment in leasing assets (0.5) (0.2) (0.6) (0.3) (3.5) (4.3) (4.6) (4.8)
Disposals of fi xed assets and
leasing vehicles 0.9 1.1 0.5 0.4 1.8 1.4 3.2 2.9
Operating cash fl ow 12.6 15.2 (1.8) (8.6) (0.7) (0.2) 10.1 6.4
Investments and divestments of shares, net (5.8) 0.4
Acquired and divested operations, net 0.5 (15.0)
Interest-bearing receivables including
marketable securites 7.7 3.6
Cash-fl ow after net investments 12.5 (4.6)
Financing activities
Change in loans, net (2.6) 28.7
Payment to AB Volvo shareholders (6.8) (20.3)
Other 0.0 0.0
Change in cash and cash equivalents
excluding translation differences 3.1 3.8
Translation difference on cash and cash equivalents (0.5) 0.0
Change in cash and cash equivalents 2.6 3.8
Future capital expenditures, approved
1
SEK bn
Trucks 8.4
Buses 0.1
Construction Equipment 1.0
Volvo Penta 0.1
Volvo Aero 0.5
Other 0.3
Total 10.4
1 In property, plant and equipment.
Financing and dividend
Net borrowings increased cash and cash
equivalents by SEK 28.7 billion during 2007.
The new borrowing during the year, mainly
through the issue of bonds, contributed SEK
146.9 billion. Amortization for the year
amounted to SEK 118.1 billion.
In 2007, SEK 20.3 billion, corresponding to
SEK 10.00 per share (adjusted for the share
split), was paid to AB Volvo’s shareholders.
Change in cash and cash equivalents
The Group’s cash and cash equivalents
increased by SEK 3.8 billion during the year
amounting to SEK 14.5 billion at December
31, 2007.
Board of Directors’ Report 2007 47