Volvo 2011 Annual Report Download - page 75

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CONTENT
FINANCIAL INFORMATION 2011
page
Financial performance 72
Financial position 76
Cash-flow statement 78
Changes in consolidated
Shareholders’ equity
80
Notes to consolidated
financial statements
81
Parent Company AB Volvo 126
Proposed remuneration
policy
138
Proposed disposition of
unappropriated earnings
139
Audit report for AB Volvo 140
Eleven-year summary 141
Note The Volvo Group page
1 Accounting principles 81
2 Key sources of estimation uncertainty 83
3 Acquisitions and divestments of shares
in subsidiaries 84
4 Goals and policies in financial risk
management 86
5 Shares and participations 91
6 Segment reporting 94
7 Income 96
8 Other operating income and expenses 97
9 Other financial income and expenses 97
10 Income taxes 98
11 Minority interests 99
12 Intangible assets 100
13 Tangible assets 102
14 Leasing 104
15 Customer-financing receivables 105
16 Receivables 106
17 Inventories 107
18 Marketable securities and liquid funds 108
19 Shareholders’ equity 108
20 Provisions for post-employment
benefits 109
21 Other provisions 113
22 Liabilities 115
23 Assets pledged 116
24 Contingent liabilities 116
25 Transactions with related parties 117
26 Government grants 118
27 Personnel 118
28 Fees to the auditors 121
29 Cash-flow 121
30 Financial instruments 122
Note Parent Company page
1 Accounting principles 130
2Intra-Group transactions 130
3Administrative expenses 130
4 Other operating income and
expenses 131
5 Income from investments in Group
companies 131
6 Income from investments in
associated companies 131
7Income from other investments 131
8Interest income and expenses 131
9 Other financial income and
expenses 131
10 Allocations 131
11 Income taxes 132
12 Intangible and tangible assets 132
13 Investments in shares and
participations 133
14 Other current receivables 133
15 Untaxed reserves 133
16 Provisions for pensions 134
17 Other provisions 134
18 Non-current liabilities 134
19 Other current liabilities 134
20 Contingent liabilities 134
21 Cash-flow 134
71