Volvo 2008 Annual Report Download - page 104

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Notes to consolidated fi nancial statements
100
THE VOLVO GROUP
Financial information 2008
Note 15 Shares and participations
Group holdings of shares and
participations in non-Group companies Registration
number
Percentage
holding
Dec 31, 2007
Carrying value
Dec 31, 2008
Carrying value
Shares in associated companies, equity method of accounting
Blue Chip Jet II HB, Sweden 969717-2105 50 266 286
Nissan Diesel Doto Sales Co.,Ltd., Japan – 38 57 88
Nissan Diesel Niigata Sales Co.,Ltd., Japan – 50 42 82
Merkavim Metal Works Ltd, Israel – 27 46 54
JV Fonderie Venissieux, France – 49 25 38
PK-UD Axle Co.,Ltd. (HangZhou), China – 45 20 21
Diamond Finance Ltd, USA – 40 25 18
Blue Chip Jet HB, Sweden 969639-1011 40 19 17
Thomas Hardie Commercials Ltd, Great Britain – 24 15 13
Quingdao Sunwin Bus Corp, China – 21 99
Arabian Vehicle & Truck Industry Ltd, Saudi Arabia – 25 99
Dong Feng Nissan Diesel Motor Co.,Ltd., China ––116 –
Other holdings ––817
Total shares and participations in associated companies1 657 652
Shares and participations in other companies
Deutz AG, Germany –7536 212
Nippon Express Co.,Ltd., Japan –1140 138
Nippon Railroad Co Ltd, Japan ––36 57
Sankyu Inc., Japan –160 48
Iron Planet.com Inc., USA –434 34
TBK Co.,Ltd., Japan –768 25
Vantage Eqipment. LLC, USA – 16 16 19
Scott Van Keppel, USA – 40 13 16
Other holdings ––659 752
Total shares and participations in other companies1 1,562 1,301
Total value of Group holdings of shares and participations in
non-Group companies 2,219 1,953
1 Volvo’s share of shareholders’ equity in associated companies (incl. equity in untaxed reserves) amounted to 652 (657). Excess values amounted to 0 (54).
The carrying values of Volvo’s holdings of shares and participations in listed companies as of December 31, 2008 are shown in the table below.
Carrying values are equal to market values for holdings in listed companies.
Carrying value
Deutz AG 212
Nippon Express Co.,Ltd., Japan 138
TBK Co.,Ltd., Japan 25
Sankyu Inc., Japan 48
Nishi-Nippon Railroad Co.,Ltd., Japan 57
Nippon Konpo Unyu Soko Co.,Ltd. 25
Fukuyama Transporting Co.,Ltd., Japan 16
Senko Co.,Ltd, Japan 42
Tonami Transportation Co.,Ltd., Japan 21
Yamato Holdings Co.,Ltd., Japan 21
Holdings in other listed companies 56
Total holdings in listed companies 661
Holdings in non-listed companies1640
Total shares and participations in other companies 1,301
1 Unlisted shares, for which a reliable fair value cannot be determined, are
reported at the acquisition value reduced in appropriate cases by write-downs.