Volvo 2009 Annual Report Download - page 121

Download and view the complete annual report

Please find page 121 of the 2009 Volvo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 146

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146

Cash-flow statements
SEK M 2008 2009
Operating activities
Operating income 14,815 (7,076)
Depreciation and amortization 7 14
Other adjustments of operating income Note 19 5,191 15,361
Changes in working capital:
(Increase)/decrease in receivables (11) (48)
Increase/(decrease) in liabilities and provisions (47) (27)
Interest and similar items received 116 45
Interest and similar items paid (960) (431)
Other financial items 97 (8)
Income taxes paid/received 367 423
Cash-flow from operating activities 19,575 8,253
Investing activities
Investments in fixed assets (116) 0
Shares and participations in Group companies, net Note 19 2,391 (11,091)
Shares and participations in non-Group companies, net Note 19 (1,892) (1)
Interest-bearing receivables including marketable securities, net Note 19 13 396 –(11,092)
Cash-flow after net investments 19,971 (2,839)
Financing activities
Increase/(decrease) in loans Note 19 (8,831) 6,894
Cash payment to AB Volvo shareholders (11,150) (19,981) (4,055) 2,839
Change in liquid funds (10) 0
Liquid funds, January 1 10 0
Liquid funds, December 31 0 0
Liquid funds
Liquid funds include cash and bank balances and deposits at Volvo Treasury.
117