09年沃尔沃财务报表.docx

MillionConsolidated income statementsSEKM20082009Net salesNote 7304,642218,361Cost of sales(238,928)(186,167)Gross income65,71332,194Research and development expensesNote 7(14,348)(13,193)Selling expenses(27,129)(25,334)Administrative expenses(6,940)(5,863)Other operating income and expensesNote 8(1,539)(4,798)Income from investments in associated companiesNote 7,925(14)Income from other investmentsNote 1069(6)Operating incomeNote 715,851(17,013)Interest income and similar credits1,171390Interest expenses and similar charges(1,935)(3,559)Other financial income and expensesNote 11(1,077)(392)Income after financial items14,010(20,573)Income taxesNote 12(3,994)5,889Income for the period10,016(14,685)Attributable to:Equity holders of the parent company9,942(14,718)Minority interestsNote 13743310,016(14,685)Basic earnings per share, SEKNote 234.90(7.26)Diluted earnings per share, SEKNote 234.90(7.26)Other comprehensive incomeIncome for the period10,016(14,685) Exchange differences on translation of foreign operations6,149(1,246) Exchange differences on hedge instruments of net investment in foreign operations(414)159 Accumulated translation difference reversed to income(82)(136) Available-for-sale investments(459)86 Cash flow hedges(2,249)2,313 Other comprehensive income, net of income taxes2,9451,176Total comprehensive income for the period12,961(13,509)Attributable to:Equity holders of the parent company12,874(13,561)Minority interests875212,961(13,509)Consolidated balance sheetsSEK MDecember 31, 2008December 31, 2009AssetsNon-current assetsIntangible assetsNote 1443,95841,628Tangible assetsNote 14 Property, plant and equipment56,24854,289Investment property1,022991Assets under operating leases25,42982,69920,38875,668Financial assetsAssociated companiesNote 15652588Other sharesand participationsNote 151,3011,456Non-current customer-financing receivablesNote 1650,43239,713Deferred tax assetsNote 1211,18012,595 Prepaid pensionsNote 242,4422,049Non-current interest-bearing receivablesNote 17694585Other non-current receivablesNote 173,02369,7243,03860,024Total non-current assets196,381177,320Current assetsInventoriesNote 1855,04537,727Current receivables Customer-financing receivablesNote 1948,05742,264 Tax assets1,8101,523 Interest-bearing receivablesNote 201,965410Accounts receivableNote 2030,52321,337 Other receivablesNote 2015,02412,082Non interest-bearing assets held for saleNote 41,684Interest-bearing assets held for sale97,379879,308Marketable securitiesNote 215,90216,676Cash and cash equivalentsNote 2217,71221,234Total current assets176,038154,945Total assets372,419332,265Shareholders equity and liabilitiesShareholders equityNote 23 Share capital2,5542,554 Additional contributed capital Reserves5,0786,235 Retained earnings66,43672,334 Income for the period9,942(14,718)Equity attributable to the equity holders of the parent company84,01066,405Minority interests630629Total shareholders equity84,64067,034Non-current provisions Provisions for post-employmentbenefitsNote 2411,7058,051 Provisions for deferred taxesNote 128,2603,638Other provisionsNote 258,13628,1016,36018,049Non-current liabilitiesNote 26 Bond loans35,79849,191 Other loans47,29856,035Other liabilities10,44293,5389,888115,114Current provisionsNote 2510,8839,487Current liabilitiesNote 27 Loans62,63151,626 Non interest-bearing liabilities held for saleNote 4272 Trade payables51,02535,955Tax liabilities1,204623Other liabilities40,397155.25734,105122,581Total shareholders equity and liabilities372,419332,265Assets pledgedNote 281,380958Contingent liabilitiesNote 299,4279,607Changes in consolidated Shareholders equityShareholders equity attributable to equity holders of the parent companyShareOtherTranslationRetainedMinorityTotalSEK Mcapitalreserves 1)reserveearningsTotalinterestsequityBalance at December 31, 20072,5544351,71177,50282,20257982,781Income for the period9,9429,9427410,016Other comprehensive incomeTranslation differences6,1266,126236,149Translation differences on hedge instruments of net investments in foreign operations(414)(414)(414)Accumulated translation difference reversed to income(82)(82)(82)Available-for-sale investments:Note 15,23 Gains/losses at valuation to fair value(459)(459)(459)Change inhedge reserveNote 23(2,239)(2,239)(10)(2,249)Other comprehensive income(2,698)5,6302,932132,945Total income for the period(2,698)5,6309,94212,8748712,961Transactions with shareholdersDividends(11,150)(11,150)(54)(11,204)Share based paymentsNote 34737373Changes in minority interests(62)(62)Other changes11118091Transactions with shareholders(11,066)(11,066)(36)(11,102)Balance at December 31, 20082,554(2,263)7,34176,37884,01063084,640Income for the period(14,718)(14,718)33(14,685)Other comprehensive incomeTranslation differences(1,252)(1,252)6(1,246)Translation differences on hedge instruments of net investments in foreign operations159159159Accumulated translation difference reversed to income(136)(136)(136)Available-for-sale investments:Note 15,23 Gains/losses at valuation to fair value868686Change inhedge reserveNote 232,3002,300132,313Other comprehensive income for the period2,386(1,229)1,157191,176Total income for the period2,386(1,229)(14,718)(13,561)52(13,509)Transactions with shareholdersDividends(4,055)(4,055)(15)(4,070)Share based paymentsNote 34444Changes in minority interests(2)(2)Other changes77(36)(29)Transactions with shareholders(4,044)(4,044)(53)(4,097)Balance at December 31, 20092,5541236,11257,61666,40562967,0341 For specification of other reserves please seeNote 23.Consolidated cash-flow statementsSEK M20082009Operating activitiesOperating income15,851(17,013)Depreciation and amortizationNote 1413,52415,227Other items not affecting cashNote 30(133)4,397Changes in working capital:(Increase)/decrease in receivables3,20910,271(Increase)/decrease incustomer finance receivables(10,174)12,806 (Increase)/decrease in inventories(6,664)15,225 Increase/(decrease) in liabilities and provisions(9,675)(21,387)Interest and similar items received1,100353Interest and similar items paid(1,302)(2,905)Other financial items109(514)Income taxes paid(5,076)(1,604)Cash-flow from operating activities76914,856Investing activitiesInvestments in fixed assets(12,664)(10,464)Investments in leasing assets(5,440)(4,246)Disposals of fixed assets and leasing assets2,9053,849Shares and participations, netNote 30(29)(38)Acqu