Volvo 2009 Annual Report Download - page 87

Download and view the complete annual report

Please find page 87 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

Note 8 Other operating income and expenses
2008 2009
Gains/losses on divestment of group companies 471 108
Write down of assets held for sale –(368)
Change in allowances and write-offs for doubtful receivables, customer financing (484) (2,327)
Change in allowances and write-offs for doubtful receivables, other (282) (692)
Damages and litigations (269) (71)
Restructuring cost (554) (635)
Volvo profit sharing program (109) (9)
Other income and expenses (312) (804)
Total (1,539) (4,798)
For further information regarding other operating income and expenses please see not 3.
Note 9 Income from investments in associated companies
Income/loss 2008 2009
UD Trucks Niigata Co 13 (1)
JV Fonderie Venissieux 10 3
Merkavim Metal Works Ltd 812
Other companies (16) (2)
Subtotal 15 12
Revaluation and write-down of shares
Thomas Hardie Commercials Ltd 0 (11)
Other companies 0(2)
Subtotal 0(13)
Gains (losses) on divestment of
shares in associated companies
UD Trucks Niigata Co 0(13)
Petro Stopping Centers Holdings LP 10 –
Subtotal 10 (13)
Total income (loss) from investments
in associated companies 25 (14)
Note 10 Income from other investments
Dividends received 2008 2009
Deutz AG 30 2
Holdings of UD Trucks 12 9
Other 15 11
Subtotal 57 22
Revaluation and write-downs of shares
Vindic Holding AB (20) –
Holdings of Volvo Technology Transfer1(4) (36)
Other (9) –
Subtotal2(33) (36)
Gain on divestment of shares
Volverkinvest AB 23 –
Holdings of Volvo Technology Transfer117 8
Other 5 –
Subtotal 45 8
Total 69 (6)
1 Investments held by the Volvo venture-capital company.
2 Volvo has during 2009 made write-down of 36 of financial assets available-
for sale for which a market value can not be calculated.
Note 11 Other financial income and expenses
SEK M 2008 2009
Financial instruments at fair value through profit or loss (1,027) (90)
Exchange rate gains and losses on financial assets and liabilities (12) (174)
Financial income and expenses related to taxes 24 140
Costs for Treasury function, credit facilities, etc (62) (268)
Total (1,077) (392)
For further information regarding financial instruments please see note 37.
83