Volvo 2007 Annual Report Download - page 90
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Please find page 90 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
86 Financial information 2007
Consolidated cash-fl ow statements
SEK M 2006 2007
Operating activities
Operating income 20,399 22,231
Depreciation and amortization Note 14 12,384 12,474
Other items not affecting cash Note 30 652 (458)
Changes in working capital:
(Increase)/decrease in receivables (475) (2,692)
(Increase)/decrease in customer fi nance receivables Note 30 (5,188) (10,031)
(Increase)/decrease in inventories (3,111) (4,436)
Increase/(decrease) in liabilities and provisions 1,106 7,166
Interest and similar items received 737 1,077
Interest and similar items paid (585) (832)
Other fi nancial items (29) (139)
Income taxes paid (4,388) (5,970)
Cash-fl ow from operating activities 21,502 18,390
Investing activities
Investments in fi xed assets (9,969) (10,150)
Investments in leasing assets (4,611) (4,800)
Disposals of fi xed assets and leasing assets 3,240 2,945
Shares and participations, net Note 30 (5,817) 436
Acquired and divested subsidiaries
and other business units, net Note 4, 30 510 (15,013)
Interest-bearing receivables including marketable securities 7,650 (8,997) 3,554 (23,028)
Cash-fl ow after net investments 12,505 (4,638)
Financing activities
Increase/(decrease) in bond loans and other loans Note 30 (2,609) 28,746
Cash payment to AB Volvo shareholders’ (6,775) (20,255)
Repurchase of own shares – –
Dividends to minority shareholders (7) (78)
Other 35 (9,356) (3) 8,410
Change in cash and cash equivalents,
excluding translation differences 3,149 3,772
Translation difference on cash and cash equivalents (505) 15
Change in cash and cash equivalents 2,644 3,787
Cash and cash equivalents, January 1 Note 22 8,113 10,757
Cash and cash equivalents, December 31 Note 22 10,757 14,544
The effects of major acquisitions and divestments of subsidiaries in
each year have been excluded from other changes for the balance
sheet items in the cash-fl ow statement. The effects of currency move-
ments in translation of foreign Group companies have also been
excluded since these effects do not affect cash fl ow. Cash and cash
equivalents include cash and bank balances.