Volvo 2010 Annual Report Download - page 87

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NOTE 8 OTHER OPERATING INCOME AND EXPENSES
2009 2010
Gains/losses on divestment of Group companies 108 (34)
Write down of assets held for sale (368) (65)
Change in allowances and write-offsfor doubtful receivables, customer financing (2,327) (1,438)
Change in allowances and write-offsfor doubtful receivables, other (692) 112
Damages and litigations (71) (57)
Restructuring cost (635) 11
Volvo profit sharing program (9) (360)
Other income and expenses (804) (192)
Total (4,798) (2,023)
NOTE 9 INCOME FROM INVESTMENTS IN
ASSOCIATED COMPANIES
Income/loss 2009 2010
UD TrucksNiigata Co (1) 7
JV Fonderie Venissieux 3 (1)
Merkavim Metal Works Ltd 12 15
Blue Chip Jet I & II HB (3) (39)
Holdings of Volvo Technology Transfer1(1) (58)
Other companies 2 1
Subtotal 12 (75)
Revaluation and write-down of shares
Thomas Hardie Commercials Ltd (11) –
Blue Chip Jet I & II HB – (11)
Other companies (2) –
Subtotal (13) (11)
Gains (losses) on divestment of
shares in associated companies
UD TrucksNiigata Co (13) –
Subtotal (13) –
Total income (loss) from investments
in associated companies (14) (86)
1 Investments held by the Volvo venture-capital company.
NOTE 10 INCOME FROM OTHER INVESTMENTS
Dividends received 2009 2010
Deutz AG 2 2
Holdings of UD Trucks 9 14
Other 11 7
Subtotal 22 23
Write-downs of shares
Holdings of Volvo Technology Transfer1(36) (107)
Other – (1)
Subtotal2(36) (108)
Gain on divestment of shares
Holdings of Volvo Technology Transfer18 10
Holdings of UD Trucks – 24
Other – (7)
Subtotal 8 27
Total (6) (58)
1 Investments held by the Volvo venture-capital company.
2 Write-downs of shares refer entirely to financial assets available for sale for
which a market value can not be calculated..
NOTE 11 OTHER FINANCIAL INCOME AND EXPENSES
SEK M 2009 2010
Financial instruments at fair value through profit or loss (90) 871
Exchange rate gains and losses on financial assets and liabilities1(174) (351)
Financial income and expenses related to taxes 140 (20)
Costs for Treasury function, credit facilities, etc (268) (287)
Total (392) 213
1 In exchange rate gains and losses on financial assets and liabilities the devaluation effect in Venezuela is included with neg 274.
For further information regarding financial instruments please see note 37.
83