Volvo 2011 Annual Report Download - page 135
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Of the income reported, 2,719 (8,145) pertain to dividends from Group
companies. Of the dividends, 2,500 (1,801) pertain to dividend from Volvo
Construction Equipment NV, 156 (–) from Volvo East Asia Ltd. and 63 (–)
from Volvo Norge AS. The shares in Volvo Italia SpA were written down by
60. Liquidation of Volvo Automotive Holding BV has resulted in a net loss
of 2.
Group Contributions, transfer price adjustments and royalties total a
net of 6,086 (5,126)
A dividend of 4 (2) reveived from Eicher Motors Ltd. is included in Income
from other investments.
Other financial income and expenses include guarantee commissions from
subsidiaries, cost for credit facilities, costs for credit rating and costs of
having Volvo shares registered.
Interest income and similar credits amounting to 0 (0) included interest in
the amount of 0 (0) from subsidiaries, and interest expenses and similar
charges totalling 1,677 (893) included interest of 1,672 (888) to subsidi-
aries.
Allocation to additional depreciation has been made during the year with
0 (0).
Income from associated companies that are reported in the Group
accounts in accordance with the equity method amounted to 106 (neg
94). Dividend of 24 (14) was received from VE Commercial Vehicles Ltd.
The participations in Blue Chip Jet I HB and Blue Chip Jet II HB have
effected the income with 5 (8) and 101 (neg 116) respectively.
Other operating income and expenses include expenses of 101 (–) due
to damages from a settlement of a legal process. Further restructuring
costs of 42 (–) and profit-sharing payments to employees of 3 (1) are
included.
OTHER OPERATING INCOME AND EXPENSES INCOME FROM OTHER INVESTMENTS
OTHER FINANCIAL INCOME AND EXPENSES
INTEREST INCOME AND EXPENSES
ALLOCATIONS
INCOME FROM INVESTMENTS IN GROUP
COMPANIES
INCOME FROM INVESTMENTS IN
ASSOCIATED COMPANIES
4 7
9
8
10
5
6
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NOTE
NOTE
NOTE
NOTE
NOTE
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