Volvo 2007 Annual Report Download - page 89
Download and view the complete annual report
Please find page 89 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 85
Changes in consolidated Shareholders’ equity
Shareholders’ equity attributable to equity holders of the parent company
Share Other Translation Retained Minority Total
SEK M capital reserves2 reserve earnings Total interests equity
Balance at December 31, 2005 2,554 (328) 3,252 73,022 78,500 260 78,760
Translation differences – – (2,743) – (2,743) (20) (2,763)
Translation differences on hedge instruments
of net investments in foreign operations – – 149 – 149 – 149
Available-for-sale investments: Note 15, 23
Valuation gains/(losses) taken to equity – 383 – – 383 – 383
Change in hedge reserve Note 23 – 999 – – 999 – 999
Net income recognized directly in equity 1,382 (2,594) 0 (1,212) (20) (1,232)
Income for the period – – – 16,268 16,268 50 16,318
Total recognized income and expense for the period – 1,382 (2,594) 16,268 15,056 30 15,086
Cash dividend – – – (6,775) (6,775) (7) (6,782)
Share based payments Note 34 – – – 159 159 – 159
Other changes in Nissan Diesel’s equity – – – (65) (65) – (65)
Other changes – (67) 19 77 29 1 30
Balance at December 31, 2006 2,554 987 677 82,686 86,904 284 87,188
Translation differences – – 1,163 – 1,163 3 1,166
Translation differences on hedge instruments
of net investments in foreign operations – – (123) – (123) – (123)
Available-for-sale investments: Note 15, 23
Valuation gains/(losses) taken to equity – (222) – – (222) – (222)
Change in hedge reserve Note 23 – (338) – – (338) – (338)
Net income recognized directly in equity (560) 1,040 0 480 3 483
Income for the period – – – 14,932 14,932 96 15,028
Total recognized income and expense for the period (560) 1,040 14,932 15,412 99 15,511
Share reduction (426) – – 426 0 – 0
Bonus issue 426 – – (426) 0 – 0
Dividends and payment for redemption
of shares to Volvo’s shareholders – – – (20,255) (20,255) (78) (20,333)
Share based payments Note 34 – – – 176 176 – 176
Change in consolidation of Nissan Diesel1 – – – (44) (44) – (44)
Minority regarding new acquisitions – – – – – 267 267
Other changes – 8 (6) 7 9 7 16
Balance at December 31, 2007 2,554 435 1,711 77,502 82,202 579 82,781
1 Refers to change in consolidation method (neg 25) and change in minority interests for Nissan Diesel between the AB Volvo acquisition date and the acquisition of
the remaining minority (neg 19).
2 For specifi cation of other reserves please see Note 23.