Volvo 2012 Annual Report Download - page 107
Download and view the complete annual report
Please find page 107 of the 2012 Volvo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97 -
98 -
99 -
100 -
101 -
102 -
103 -
104 -
105 -
106 -
107 -
108 -
109 -
110 -
111 -
112 -
113 -
114 -
115 -
116 -
117 -
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
 |
 |
Divestments
In the fourth quarter 2012, AB Volvo finalized the sale of Volvo Aero to the
global engineering company, GKN, for the equivalent of SEK 6.9 billion on
a debt-free basis. The total capital gain amount to 568. The adjusted
purchase price is expected to be paid during 2013. In addition to that the
Volvo Group has not made any divestments during 2012 or 2011, which
solely or jointly have had a significant impact on the Volvo Group’s finan-
cial statements.
The impact on the Volvo Group’s balance sheet and cash-flow statement
in connection with the divestment of subsidiaries and other business units
are specified in the following table:
Divestments 2012 2 011
Intangible assets (3,220) (5)
Property, plant and equipment (1,786) (4)
Assets under operating lease (244) 0
Shares and participations (17) 0
Inventories (2,505) (45)
Other receivables (1,395) (130)
Cash and cash equivalents (323) (21)
Other provisions 1,108 17
Other liabilities 3,385 143
Divested net assets (4,997) (45)
Goodwill (300) 0
Total (5,297) (45)
Additional purchase price 653 –
Cash and cash equivalents received 5,240 (41)
Cash and cash equivalents,
divested companies (323) (21)
Effect on Group cash
and cash equivalents 4,917 (62)
Effect on Group net
financial position 5,594 (62)
Acquisitions and divestments after the end of the period
The Volvo Group 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
As of December 31, 2012 there were no assets or liabilities classified as
held for sale. For the comparison year 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 was included in other comprehensive income. This referred to the
divestment of Volvo Aero.
Assets and liabilities held for sale Dec 31,
2012 Dec 31,
2011
Intangible assets –3,316
Tangible assets –1,984
Inventories –2,216
Accounts receivable –566
Other current receivables –982
Other assets – 284
B/S Total assets –9,348
Trade payables –1,025
Other current liabilities –3,691
B/S Total liabilities –4,716
103