Volvo 2008 Annual Report Download - page 139
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135
Financial information 2008
Note 16 Non-current liabilities
Note 18 Contingent liabilitiesNote 17 Other current liabilities
Note 19 Cash-fl ow
Non-current debt matures as follows:
2014 or later 7
Total 7
Of the contingent liabilities amounting to 253,489 (192,071), 253,186
(191,976) pertained to Group companies.
Guarantees for various credit programs are included in amounts
corresponding to the credit limits. These guarantees amount to
246,646 (185,971), of which guarantees on behalf of Group com-
panies totaled 246,536 (185,884).
At the end of each year, the utilized portion amounted to 126,880
(84,397), including 126,762 (84,302) pertaining to Group companies.
2007 2008
Wages, salaries and withholding taxes 78 62
Other liabilities 103 2
Accrued expenses and prepaid income 140 152
Total 321 216
No collateral is provided for current liabilities.
Other adjustments of operating income 2007 2008
Revaluation of shareholdings 127 1,061
Gain/loss on sale of shares 125 (2,661)
Group contributions and transfer price
adjustments, current year (8,061) (1,351)
Payments of previous year!s Group contribu-
tions and transfer price adjustments 8,124 8,061
Other 136 81
Total 451 5,191
Further information is provided in notes 4, 5 and 6.
Shares and participations in Group companies, net
Investments (2,944) (841)
Disposals 17 3,232
Net investments in shares and
participations in Group companies (2,927) 2,391
Investments and sales of shares in Group companies are shown in
note 12.
Shares and participations in
non-Group companies, net 2007 2008
Investments (147) (1,892)
Disposals 1,961 –
Net investments in shares and
participations in non-Group companies 1,814 (1,892)
Investments and sales of shares in non-Group companies are pre-
sented in note 12.
Interest-bearing receivables including
marketable securities, net
New loans granted (318) –
Amortization received 305 13
Change in interest-bearing
receivables, net (13) 13
Increase /decrease in loans
New loans 17,609 2
Amortization (318) (8,833)
Change in loans, net 17,291 (8,831)