Volvo 2008 Annual Report Download - page 135

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131
Financial information 2008
Note 4 Income from investments in Group companies
Note 7 Interest income and expenses
Note 6 Income from other investments
Note 8 Other fi nancial income and expenses
Note 5 Income from investments in associated companies
Of the income reported, 15,356 (841) pertain to dividends from Group
companies. Of the dividends, 12,935 pertain to dividend from Volvo
Holding Sverige AB, 1,134 from Volvo Construction Equipment NV
and 1,041 from Sotrof AB. The shares in Volvo Group Finance Europe
BV (VGFE) have been written down by 1,003. In 2007, the shares in
Interest income and similar credits amounting to 2 (13) included interest in the amount of 1 (10) from subsidiaries, and interest expenses and
similar charges totalling 845 (527) included interest of 837 (521) to subsidiaries.
Dividend of 30 was received from Deutz AG.
Other fi nancial income and expenses include exchange rate differ-
ences on loans, guarantee commissions from subsidiaries, fi nancial
income pertaining to changed taxable income previous years, costs
Income from associated companies that are reported in the Group accounts in accordance with the equity method amounted to neg 59 (neg 118).
The participations in Blue Chip Jet I HB amounted to neg 1 (104) and in Blue Chip Jet II HB to neg 58 (neg 80). In 2007, divestment of shares
in Nissan Diesel to N.A. KK, a wholly-owned Japanese subsidiary, resulted in a capital loss of 142.
VFS Servizi Finanziari Spa and Volvo Information Technology AB were
written down by 22 and 113, respectively.
Transfer price adjustments and Group contributions total a net of
neg 1,521 (5,944). The liquidation of VGFE resulted in a gain of
2,662.
for confi rmed credit facilities as well as costs of having Volvo shares
registered.
Note 9 Allocations
2007 2008
Allocation to additional depreciation 00
Tax allocation reserves (1,230) 2,530
Total (1,230) 2,530