Volvo 2008 Annual Report Download - page 143

139
Financial information 2008
Dec 31, 2007 Dec 31, 2008
AB Volvo’s holding of shares and
participations in major Group companies (cont.)
Registration
number
Percentage
holding
Carrying value,
SEK M
Carrying value,
SEK M
Volvo Financial Services AB, Sweden 556000-5406 100 1,720 1,720
VFS International AB, Sweden 556316-6064 100 ––
VFS Nordic AB, Sweden 556579-1778 100 ––
VFS Financial Services BV, The Netherlands – 100 ––
VFS Financial Services Belgium NV, Belgium – 100 ––
VFS Financial Services (UK) Ltd, Great Britain – 100 ––
VFS Deutschland GmbH, Germany – 100 ––
VFS Financial Services Spain EFC, SA Spain – 100 ––
Volvo Finance (Suisse) SA, Switzerland – 100 ––
VFS Vostok, Russia – 100 ––
VFS Romania, Romania – 100 ––
VFS Canada Inc, Canada – 100 ––
VE Commercial Vehicles, Ltd, India2, 7 – 50 ––
NA Co Ltd, Japan – 100 2,886 2,886
Volvo Treasury AB, Sweden 556135-4449 100 3,044 3,044
Sotrof AB, Sweden 556519-4494 100 1,388 1,388
Volvo Group Real Estate AB, Sweden 556006-8313 100 ––
Volvo Group Finance Europe BV, The Netherlands – 100 1,003 –
Volvo Korea Holding AB, Sweden 556531-8572 100 – 2,655
Volvo Construction Equipment Korea Co Ltd, South Korea – 100 ––
Volvo China Investment Co Ltd, China – 100 523 523
Shanghai Sunwin Bus Co, China2– 50 ––
XIAN Silver Bus Co, China2– 50 ––
Shandong Lingong Construction Machinery, China – 85 ––
Volvo Automotive Finance (China) Ltd, China – 100 491 491
Volvo Truck & Bus Ltd, Great Britain3– 100 413 413
Volvo Holding Mexico, Mexico – 100 388 388
Volvo Technology Transfer AB, Sweden 556542-4370 100 361 361
Volvo Powertrain AB, Sweden 556000-0753 100 348 498
Volvo Information Technology AB, Sweden 556103-2698 100 163 163
Volvo Parts AB, Sweden 556365-9746 100 200 200
Volvo Group Insurance Försäkrings AB, Sweden 516401-8037 100 182 182
Volvo Business Services AB, Sweden 556029-5197 100 107 107
Volvo Danmark Holding AS, Denmark – 100 104 104
VFS Servizi Financiari Spa, Italy4– 100 79 79
Kommersiella Fordon Europa AB, Sweden 556049-3388 100 89 89
Volvo Norge AS, Norway – 100 56 56
Volvo Malaysia Sdn, Malaysia – 100 48 48
ZAO Volvo Vostok, Russia5– 100 34 34
Volvo Italia Spa, Italy – 100 27 556
Rossareds Fastighets AB, Sweden 556009-1190 100 26 26
Alviva AB, Sweden 556622-8820 100 24 24
Volvo East Asia (Pte) Ltd, Singapore – 100 99
Volvo Automotive Holding BV, The Netherlands – 100 33
Volvo Information Technology GB Ltd, Great Britain – 100 33
Other holdings 66
Total carrying value Group companies6 47,011 46,122
1 As from 2008, Mack Trucks Inc is owned by VNA Holding Inc.
2 Joint venture, reported in accordance with the proportionate consolidation method in Volvo’s consolidated accounts.
3 Total holding by VTC Holding and AB Volvo is 100%.
4 Total holding by Volvo Italia and AB Volvo is 100%.
5 Total holding by AB Volvo and Volvo Trucks Regional Central Europe is 100%.
6 AB Volvo’s share of shareholders’ equity in subsidiaries (including equity in untaxed reserves) was 92,009 (94,345).
7 AB Volvo’s holdings of shares and participations include the direct and indirect holdings of VE Commercial Vehicles (VECV). AB Volvo’s direct holdings in VECV
amount to SEK 1,845 M. In the consolidated accounts of the Volvo group, VECV is reported as a joint venture, consolidated according to the proportionate
method, and accordingly included in the table for group companies above.