Volvo 2013 Annual Report Download - page 134
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Other shares and participations
The carrying amount of the Volvo Group’s holding of shares and participations
in other companies as of December 31, 2013, is disclosed in the table below.
Holding of shares
in listed companies
Dec 31,
2013
Percentage
holding
Dec 31,
2013
Carrying
value
Dec 31,
2012
Carrying
value
Eicher Motors Ltd., India 8 1,191 775
Nippon Express Co., Ltd., Japan 0 136 116
TBK Co., Ltd., Japan – – 69
Sankyu Inc., Japan 1 43 42
Senko Co., Ltd., Japan 1 42 35
Yamato Holdings Co., Ltd., Japan 0 31 23
Tonami Transportation Co., Ltd., Japan 1 15 15
Fukuyama Transporting Co., Ltd., Japan – – 14
Holdings in other listed companies 0 32 33
Holding of shares in listed
companies 1,490 1,122
Holding of shares in non-listed companies 460 498
B/S Other shares and participations 1,950 1,620
Income from other shares and participations
Dividends received 2013 2012
Eicher Motors Ltd. 5 5
Holdings in Japanese companies 11 16
Other 11 4
Subtotal 27 25
Write-downs of shares
Holdings of Volvo Group Venture Capital (89) (75)
Holdings in Japanese companies – (14)
Other (3) –
Subtotal1(92) (89)
Gain on divestment of shares
Holdings of Volvo Group Venture Capital 8 12
Holdings in Japanese companies 27 (1)
Other 11
Subtotal 35 22
I/S Income from other investments (30) (42)
1 Write-downs of shares refer mainly to fi nancial assets available for sale for
which a reliable market value can be calculated.
Income (loss) from investments in joint ventures and associated
companies
2013 2012
Income/loss joint ventures
VE Commercial Vehicles., Ltd. 104 142
Shanghai Sunwing Bus Corp. 3 3
DONGVO (Hangzhou) Truck Co., Ltd. (51) (23)
Subtotal 56 122
Income/loss associated companies
Deutz AG 54 –
UD TrucksNiigata Co 10 8
JV Fonderie Venissieux 1 2
Merkavim Metal Works., Ltd. 10 9
Blue Chip Jet I & II HB – 1
Holdings of Volvo Group Venture Capital (8) (13)
Other companies 4 3
Subtotal 71 10
Revaluation and write-down of shares
associated companies
Blue Chip Jet I & II HB (31) (19)
Holdings of Volvo Group Venture Capital – (1)
Other companies – (12)
Subtotal (31) (32)
I/S Income (loss) from investments in joint
ventures and associated companies 96 99
130
FINANCIAL INFORMATION 2013