Volvo 2010 Annual Report Download - page 115

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Gains, losses, interest income and expenses related to financial instruments
The table below shows how gains and losses as well as interest income and expense have affected income after financial items in the Volvo
Group divided on the different categories of financial instruments.
2009 2010
Gains/
Losses
Interest
income
Interest
expenses
Gains/
Losses
Interest
income
Interest
expenses
Financial assets and liabilities
at fair value through profit and loss1     
Marketable securities 248 0 0 290 0 0
Derivatives for financial exposure (1,272) 0 0 319 0 0
Loans receivable and other receivables 0 10 0 0 7 0
Financial assets available for sale
Shares and participations for which
a market value can be calculated 11 – – 40 – –
Shares and participations for which
a market value cannot be calculated 19 – – 10 – –
Cash and cash equivalents 0 299 0 0 423 0
Financial liabilities valued at amortized cost 0 0 (6,007) 0 0 (5,486)
Effect on income (994) 309 (6,007) 659 430 (5,486)
1 Accrued and realized interest is included in gains and losses related to Financial assets and liabilities at fair value through profit and loss.
Accrued and realized interest on derivates for commercial exposure is neg 17 (neg: 68).
Net effect of foreign exchange gains and losses
Foreign exchange gains and losses pertaining to financial instruments have affected income after financial items in
the Volvo Group according to the table below:
2009 2010
Derivatives for financial exposure (1,205) (1,545)
Cash and cash equivalents1– (274)
Loans originated by the company and financial liabilities value at amortized cost - Volvo internal 958 1,560
Effect on income (247) (259)
Various categories of financial instruments are treated separately in
specific notes. See note 15 for Shares and participations, notes 16
and 19 for Customer-financing receivables, note 20 for Other short-
term receivables, note 21 for Marketable securities, note 22 for Cash
and cash equivalents, note 26 for Non-current liabilities and note 27
for Current liabilities.
1 The net effect of forein exchange gains and losses on Cash and cash equivalents pertains to the devaluation in Venezuela, loss 274.
Net effect of foreign exchange gains and losses on derivatives for commercial exposure have affected operating income in the Volvo group with 676 (neg: 3,322).
111