Volvo 2011 Annual Report Download - page 89

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Divestments 2011 2010
Intangible assets (5) 0
Property, plant and equipment (4) (32)
Assets under operating lease 0 (190)
Shares and participations 0 0
Inventories (45) (1,096)
Other receivables (130) (334)
Cash and cash equivalents (21) (176)
Other provisions 17 (10)
Other liabilities 143 540
(45) (1,298)
Goodwill 0 (122)
Divested net assets (45) (1,420)
Cash and cash equivalents received (41) 1,007
Cash and cash equivalents, divested
companies (21) (176)
Effect on Group cash and cash
equivalents (62) 831
Acquisitions and divestments after the end of the period
Volvo has not made any acquisitions or divestments after the end of the
period that have had any significant impact on the Volvo Group.
Assets and liabilities held for sale
At year-end 2011, the Volvo Group recognized assets amounting to 9,348
and liabilities amounting to 4,716 as assets and liabilities held for sale.
Translation differences on foreign operations of 3 is included in other
comprehensive income. This is referring to the initiated process to divest
the business area Volvo Aero. A divestment is in line with the further
streamlining of the Volvo Group towards commercial vehicles. Depending
on the progress with the sales process, changes in the business environ-
ment, access to liquidity, market outlook, etc. the fair value of assets held
for sale may change in the forthcoming periods or when the transaction is
finalized. For the comparative year 2010, the Volvo Group recognized
assets amounting to 136 and liabilities to 135 classified as assets and
liabilities held for sale.
Assets and liabilities held for sale 2011 2010
Intangible assets 3,316 0
Tangible assets 1,984 43
Inventories 2,216 8
Accounts receivable 566 56
Other current receivables 982 24
Other assets 284 5
Total assets 9,348 136
Trade payables 1,025 31
Other current liabilities 3,691 104
Total liabilities 4,716 135
85