Volvo 2008 Annual Report Download - page 105

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101
Financial information 2008
Dong Feng Nissan Diesel Motor Co., Ltd
The company is consolidated in the Volvo Group according to the pro-
portionate method as from July 1, 2008.
Petro Stopping Centers
Volvo’s holdings in the company were divested in 2007.
Småföretagarinvest AB
Volvo’s holdings in the company were divested in 2007.
Nissan Diesel
Nissan Diesel is consolidated in the Volvo Group as of the fi rst quarter
of 2007.
Changes in the Volvo Group’s holdings of shares and participations: 2007 2008
Balance sheet, December 31, preceding year 6,890 2,219
Change in Group structure (5,535) (88)
Acquisitions and divestments, net 907 16
Net of write-downs/revaluations (15) (33)
Capital contribution 155 56
Share of income in associated companies 108 15
Revaluation of shares to fair value (204) (546)
Translation differences (39) 325
Dividends 0 (7)
Other (48) (4)
Balance sheet, December 31 2,219 1,953
Note 16 Long-term customer-fi nancing receivables
2007 2008
Installment credits 19,836 23,029
Financial leasing 20,298 26,874
Other receivables 352 529
Total 40,486 50,432
Effective interest rate for Long-term customer-fi nancing receivables was 7.20% as per December 31, 2008.
Long-term customer-fi nancing receivables maturities
2010 20,643
2011 15,653
2012 9,243
2013 3,552
2014 or later 1,341
Total 50,432
See notes 36 and 37 for fi nancial instruments and goals and policies
in fi nancial risk management.