Volvo 2008 Annual Report Download - page 81

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Financial information 2008
77
Changes in consolidated Shareholders’ equity
Shareholders’ equity attributable to equity holders
of the parent company
SEK M
Share
capital
Other
reserves2
Translation
reserve
Retained
earnings Total
Minority
interests
Total
equityl
Balance at December 31, 2006 2,554 987 677 82,686 86,904 284 87,188
Translation differences ––1,163 – 1,163 3 1,166
Translation differences on hedge instruments
of net investments in foreign operations ––(123) – (123) – (123)
Available-for-sale investments: Note 15, 23
Valuation gains/(losses) taken to equity – (222) ––(222) – (222)
Change in hedge reserve Note 23 – (338) ––(338) – (338)
Net income recognized directly in equity (560) 1,040 0 480 3 483
Income for the period –– –14,932 14,932 96 15,028
Total recognized income and expense
for the period (560) 1,040 14,932 15,412 99 15,511
Share reduction (426) ––426 0– 0
Bonus issue 426 ––(426) 0– 0
Dividends and payment for redemption
of shares to Volvo’s shareholders –– –(20,255) (20,255) (78) (20,333)
Share based payments Note 34 –– –176 176 – 176
Change in consolidation of Nissan Diesel1 –– –(44) (44) – (44)
Minority regarding new acquisitions –– –––267 267
Other changes –8(6) 79716
Balance at December 31, 2007 2,554 435 1,711 77,502 82,202 579 82,781
Translation differences ––6,126 – 6,126 23 6,149
Translation differences on hedge instruments
of net investments in foreign operations ––(414) – (414) – (414)
Accumulated translation difference reversed
to income – – (82) – (82) – (82)
Available-for-sale investments: Note 15, 23
Valuation gains/(losses) taken to equity – (459) ––(459) – (459)
Change in hedge reserve Note 23 –(2,239) ––(2,239) (10) (2,249)
Net income recognized directly in equity (2,698) 5,630 – 2,932 13 2,945
Income for the period –– –9,942 9,942 74 10,016
Total recognized income and
expense for the period – (2,698) 5,630 9,942 12,874 87 12,961
Dividends –– –(11,150) (11,150) (54) (11,204)
Share based payments Note 34 –– –73 73 – 73
Minority regarding new acquisitions –– –––(62) (62)
Other changes –– –11 11 80 91
Balance at December 31, 2008 2,554 (2,263) 7,341 76,378 84,010 630 84,640
1 Refers to change in consolidation method (neg SEK 25 M) and change in minority interests for Nissan Diesel between the AB Volvo acquisition date and the
redemption of the remaining minority (neg SEK 19 M).
2 For specifi cation of other reserves please see Note 23.