Volvo 2008 Annual Report Download - page 150

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Eleven-year summary
146
ELEVEN-YEAR SUMMARY
Financial information 2008
Consolidated cash-fl ow statements
SEK bn 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Operating income111.8 7.5 6.7 (0.7) 2.8 2.5 14.7 18.2 20.4 22.2 15.9
Depreciation and amortization 9.6 5.2 6.3 10.0 10.8 10.2 10.0 9.9 12.4 12.5 13.5
Other items not affecting cash (4.9) (0.3) (0.4) 0.5 2.0 4.9 (0.1) 0.4 0.7 (0.5) (0.2)
Change in working capital 1.5 (1.0) (3.3) 6.4 1.0 0.4 (1.4) (4.7) (7.7) (9.9) (23.3)
Customer fi nancing receiv ables, net (12.8) (7.1) (4.5) (3.7) (5.7) (4.3) (7.4) (7.8) –––
Financial items and income tax (2.0) (1.7) (1.3) (2.1) (1.3) (0.9) (0.5) (2.0) (4.3) (5.9) (5.2)
Cash-fl ow from operating
activities 3.2 2.6 3.5 10.4 9.6 12.8 15.3 14.0 21.5 18.4 0.7
Investments in fi xed assets (10.5) (4.9) (5.4) (8.1) (6.7) (6.0) (7.4) (10.3) (10.0) (10.1) (12.7)
Investments in leasing assets (12.7) (5.6) (5.7) (5.8) (5.2) (5.3) (4.4) (4.5) (4.6) (4.8) (5.4)
Disposals of fi xed assets and
leasing assets 2.6 1.6 2.1 2.6 3.2 2.9 2.4 2.6 3.2 2.9 2.9
Shares and participations, net 5.5 (25.9) (1.6) 3.9 (0.1) (0.1) 15.1 0.3 (5.8) 0.4 0.0
Acquired and divested subsidiaries
and other business units, net (5.6) 31.0 0.0 13.0 (0.2) 0.0 (0.1) 0.7 0.5 (15.0) (1.3)
Interest-bearing receivables
including marketable securities 3.5 (16.9) 11.7 (3.7) (1.5) (2.0) (6.4) (1.3) 7.7 3.6 10.9
Cash-fl ow after net investments (14.0) (18.1) 4.6 12.3 (0.9) 2.3 14.5 1.5 12.5 (4.6) (4.9)
Increase (decrease) in loans 19.5 16.3 8.1 6.2 (0.1) 1.9 (8.8) 3.6 (2.6) 28.7 18.2
Repurchase of own shares ––(11.8) (8.3) ––(2.5) (1.8) –––
Cash dividend/payment to
AB Volvo’s shareholders (2.2) (2.6) (3.1) (3.4) (3.4) (3.4) (3.4) (5.1) (6.8) (20.3) (11.1)
Other (0.2) (0.1) 0.0 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0
Change in cash and cash
equivalents excluding
translation differences 3.1 (4.5) (2.2) 6.9 (4.3) 0.9 (0.2) (1.8) 3.1 3.8 2.2
Translation differences on cash
and cash equivalents 0.3 (0.2) 0.3 0.6 (0.7) (0.6) (0.2) 1.1 (0.5) 0.0 1.0
Change in cash and cash
equivalents 3.4 (4.7) (1.9) 7.5 (5.0) 0.3 (0.4) (0.7) 2.6 3.8 3.2
1 1999, excluding gain on sale of Volvo Cars of SEK 26.7 billion.
Operating cash-fl ow Industrial operations
SEK bn 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Operating income 11.1 6.4 5.2 (1.0) 2.3 1.6 13.3 16.1 18.7 20.6 14.5
Depreciation and amortization 6.4 3.1 3.8 7.0 7.8 7.2 7.1 7.3 9.8 10.3 11.8
Other items not affecting cash (5.5) (0.5) (1.6) 0.0 1.0 4.1 (0.6) 0.2 0.2 (0.4) (0.7)
Change in working capital 0.4 (1.6) (3.0) 6.8 0.4 0.7 (1.4) (5.6) (3.1) (0.1) (10.9)
Financial items and income taxes (2.3) (1.7) (0.8) (2.3) (1.1) (0.7) (0.2) (1.9) (3.7) (6.0) (5.0)
Cash fl ow from operating
activities 10.1 5.7 3.6 10.5 10.4 12.9 18.2 16.1 21.9 24.4 9.7
Investments in fi xed assets (10.2) (4.7) (5.1) (7.7) (6.3) (5.8) (7.2) (9.9) (9.7) (10.1) (12.6)
Investments in leasing assets (0.9) (0.5) (0.6) (0.5) (0.1) (0.1) (0.3) (0.3) (0.5) (0.2) (0.4)
Disposals of fi xed assets and
leasing assets 1.5 0.8 0.7 1.1 1.1 0.6 0.7 0.9 0.9 1.1 0.6
Operating cash-fl ow 0.5 1.3 (1.4) 3.4 5.1 7.6 11.4 6.8 12.6 15.2 (2.7)