Volvo 2010 Annual Report Download - page 95

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NOTE 22 CASH AND CASH EQUIVALENTS
NOTE 23 SHAREHOLDERS’ EQUITY
NOTE 21MARKETABLE SECURITIES
2009 2010
Cash in banks 13,540 16,858
Bank certificates 1 2,999 2,286
Time deposits in banks 4,695 3,822
Total 21,234 22,966
The share capital of the Parent Company is divided into two series of
shares, A and B. Both series carry the same rights, except that each
Series A share carries the right to one vote and each Series B share car-
ries the right to one tenth of a vote. The shares quota value is SEK 1.20.
Cash dividend decided by the Annual General Meeting 2010 was SEK
Marketable securities consist mainly of interest-bearing securities, distributed as shown below:
2009 2010
Government securities 147 146
Banks and financial institutions 3,387 3,527
Real estate financial institutions 13,142 6,094
Total 16,676 9,767
0.00 (2.00) per share or total of SEK 0.0 million (4,054.8).
Unrestricted equity in the Parent Company at December 31, 2010
amounted to SEK 31,962 million (21,462).
The cumulative amount of the exchange difference deferred to equity
relating to assets held for sale amount to positive SEK 3 million (60).
1 Bank certificates which matures withinthree months from acquisition.
Change of valuation allowances for doubtful accounts receivable 2009 2010
Balance sheet, December 31, preceding year 1,749 1,301
New valuation allowance charged to income 638 187
Reversal of valuation allowance charged to income (274) (609)
Utilization of valuation allowance related to actual losses (664) (86)
Acquired and divested operations (7) (1)
Translation differences (88) (44)
Reclassifications, etc. (53) (28)
Balance sheet, December 31 1,301 721
See notes 36 and 37 for financial instruments and goals and policies in financial risk management.
Cash and cash equivalents at December 31, 2010, include SEK 0.7
billion (1.2) restricted for use by the Volvo Group and SEK 7.4 billion
(5.3) that are liquid funds in countries where exchange controls or
other legal restrictions apply.
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