Volvo 2008 Annual Report Download - page 97
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93
Financial information 2008
Net sales 2007 2008
Trucks 187,892 203,235
Construction Equipment 53,633 56,079
Buses 16,608 17,312
Volvo Penta 11,719 11,433
Volvo Aero 7,646 7,448
Other and eliminations (703) (575)
Industrial operations 276,795 294,932
Customer Finance 7,705 8,485
Reclassifi cations and eliminations 905 250
Volvo Group 285,405 303,667
The above sales fi gures include internal sales in the following amounts:
Net sales to Group companies 2007 2008
Trucks 1,584 1,830
Construction Equipment 247 483
Buses 549 447
Volvo Penta 41 73
Volvo Aero 93 35
Other and eliminations (1,261) (976)
Industrial operations 1,253 1,892
Customer Finance 383 376
Eliminations (1,636) (2,268)
Volvo Group 00
Internal sales between business areas are generally made at standard
cost of sales, including calculated interest and product improvement
expenses. Internal sales from service companies are generally made
at market prices.
Operating income 2007 2008
Trucks 15,193 12,167
Construction equipment 4,218 1,808
Buses 231 (76)
Volvo Penta 1,173 928
Volvo Aero 529 359
Other (761) (732)
Industrial operations 20,583 14,454
Customer Finance 1,649 1,397
Volvo Group 22,231 15,851
Depreciation and amortization 2007 2008
Trucks 7,601 8,575
Construction Equipment 1,502 1,927
Buses 385 393
Volvo Penta 417 454
Volvo Aero 346 387
Other (465) (707)
Industrial operations 9,786 11,029
Customer Finance 147 86
Reclassifi cation Group versus
segment Customer Finance 2,541 2,409
Volvo Group total112,474 13,524
1 Of which write-down 57 (0).
Research and development
expenses 2007 2008
Trucks 7,799 10,253
Construction Equipment 1,588 2,134
Buses 739 953
Volvo Penta 645 695
Volvo Aero 290 269
Other (2) 44
Volvo Group total 11,059 14,348
Income from investments in
associated companies 2007 2008
Trucks 403 40
Construction Equipment 00
Buses 11 8
Volvo Penta 00
Volvo Aero 00
Other 14 (25)
Industrial operations 428 23
Customer Finance 22
Volvo Group total 430 25
Total assets 2007 2008
Operating assets, Industrial operations:1
Trucks 116,599 140,225
Construction Equipment 42,693 47,914
Buses 11,477 12,073
Volvo Penta 5,973 6,222
Volvo Aero 10,177 11,973
Other 1,405 1,831
Total operating assets
Industrial operations 188,324 220,238
Interest-bearing fi nancial assets 43,727 28,631
Tax receivables 10,094 12,725
Total assets in Customer Finance 94,605 117,521
Other and eliminations (15,103) (6,696)
Volvo Group total 321,647 372,419
1 Defi ned as Total assets less Interest-bearing fi nancial assets and Tax
receivables.