Volvo 2008 Annual Report Download - page 116

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Notes to consolidated fi nancial statements
112
THE VOLVO GROUP
Financial information 2008
Note 31 Leasing
Note 30 Cash-fl ow
Volvo as a lessor
At December 31, 2008, future rental income from noncancellable
fi nancial and operating leases (minimum leasing fees) amounted to
63,233 (49,435). Future rental income is distributed as follows:
Finance
leases
Operating
leases
2009 16,742 5,772
2010–2013 29,902 9,809
2014 or later 783 225
Total 47,427 15,806
Allowance for uncollectible future
rental income (459)
Unearned rental income (5,766)
Present value of future rental income
related to noncancellable leases 41,202
Other items not affecting
cash amounted to: 2007 2008
Risk provisions and losses related to doubtful
receivables/customer – fi nancing receivables 90 729
Capital gains/losses on the sale of subsidiaries
and other business units (558) (395)
Unrealized exchange rate gains/losses on
trade receivables and payables (68) (241)
Incentive program 210 17
Other changes (132) (243)
(458) (133)
Investments in shares and participations: 2007 2008
New issue of shares (24) (13)
Capital contribution 14 (43)
Acquisitions 0 (94)
Divestments 106 78
Revaluations 15 –
Other 325 43
436 (29)
Acquired and divested subsidiaries
and other business units: 2007 2008
Acquired subsidiaries and
other business units (15,421) (1.853)
Divested subsidiaries and
other business units 408 536
(15,013) (1.317)
Volvo as a lessee
At December 31, 2008, future rental payments (minimum leasing
fees) related to noncancellable leases amounted to 4,206 (3,705).
Future rental payments are distributed as follows:
Finance
leases
Operating
leases
2009 481 935
2010–2013 611 1,606
2014 or later 107 466
Total 1,199 3,007