Volvo 2010 Annual Report Download - page 137
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Key ratios
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Gross margin, %119.3 17.2 17.9 19.2 21.6 21.8 22.7 22.6 21.3 13.9 23.3
Research and development
expenses as percentage of
net sales14.1 3.0 3.3 3.9 3.8 3.3 3.4 4.0 4.9 6.3 5.0
Selling expenses as percentage
of net sales17.7 8.1 8.7 9.1 9.1 8.5 8.0 8.9 8.7 11.4 8.8
Administration expenses as
percentage of net sales13.9 3.6 3.1 3.0 2.6 2.7 2.6 2.6 2.3 2.8 2.2
Return on shareholders’ equity, % 5.0 neg 1.7 0.4 13.9 17.8 19.6 18.1 12.1 (19.7) 16.0
Interest coverage, times14.5 neg 2.2 1.9 11.0 16.7 26.1 20.7 8.8 (4.7) 5.9
Self-financing ratio, % 39 92 110 152 163 116 189 153 5 137 270
Self-financing ratio Industrial
Operations, % 72 148 196 243 268 173 235 265 78 (16) 294
Financial position, Industrial
Operations, SEK M 9,392 (7,042) (6,063) (2,426) 18,110 18,675 23,076 (4,305) (29,795) (41,489) (24,691)
Net financialposition as
percentage of shareholders'
equity , Industrial Operations 10.6 (8.2) (7.7) (3.3) 25.8 23.7 29.2 (5.7) (39.7) (70.9) (37.4)
Shareholders’ equity as
percentage of total assets 44.3 32.8 32.8 31.4 31.3 30.6 33.7 25.7 22.7 20.2 23.3
Shareholders’ equity as
percentage of total assets,
Industrial Operations 60.8 41.8 42.4 40.5 40.0 40.4 40.6 30.8 28.4 23.8 26.9
Shareholders’ equity excluding
minority interest as percentage of
total assets 44.0 32.6 32.7 31.3 31.2 30.5 33.6 25.6 22.6 20.0 23.0
1 Pertains to the Industrial Operations. For periods up to and including 2006, Volvo Financial Services is included and consolidated according to the equity method.
Exports from Sweden
SEK M 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Volvo Group, total 46,251 50,394 52,730 49,300 62,653 71,133 80,517 88,606 96,571 41,829 72,688
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