| |
Industrial Operations |
|
Customer Finance |
|
Eliminations |
|
Volvo Group |
| SEK bn |
2009 |
2010 |
|
2009 |
2010 |
|
2009 |
2010 |
|
2009 |
2010 |
| Operating activities |
|
|
|
|
|
|
|
|
|
|
|
| Operating income |
(16.3) |
17.8 |
|
(0.7) |
0.2 |
|
0.0 |
0.0 |
|
(17.0) |
18.0 |
| Depreciation tangible assets |
6.5 |
6.1 |
|
0.0 |
0.0 |
|
0.0 |
0.0 |
|
6.5 |
6.1 |
| Amortization intangible assets |
3.6 |
3.3 |
|
0.0 |
0.0 |
|
0.0 |
0.0 |
|
3.6 |
3.3 |
| Depreciation leasing vehicles |
2.3 |
2.0 |
|
2.8 |
2.4 |
|
0.0 |
0.0 |
|
5.1 |
4.4 |
| Other non-cash items |
2.3 |
0.1 |
|
2.0 |
1.3 |
|
0.1 |
0.2 |
|
4.4 |
1.6 |
| Total change in working capital, of which |
4.7 |
4.6 |
|
11.8 |
0.1 |
|
0.4 |
0.1 |
|
16.9 |
4.8 |
| Change in accounts receivables |
8.2 |
(4.0) |
|
0.0 |
0.3 |
|
0.0 |
0.0 |
|
8.2 |
(3.7) |
| Change in inventories |
16.3 |
(4.8) |
|
(1.1) |
0.8 |
|
0.0 |
0.1 |
|
15.2 |
(3.9) |
| Change in trade payables |
(14.4) |
13.1 |
|
(0.1) |
0.0 |
|
0.1 |
(0.1) |
|
(14.4) |
13.0 |
| Other changes in working capital |
(5.4) |
0.3 |
|
13.0 |
(1.0) |
|
0.3 |
0.1 |
|
7.9 |
(0.6) |
| Net of interest and other financial items |
(3.0) |
(2.8) |
|
0.0 |
0.0 |
|
0.0 |
(0.1) |
|
(3.0) |
(2.9) |
| Income taxes paid |
(1.7) |
(2.3) |
|
0.1 |
(0.3) |
|
0.0 |
0.0 |
|
(1.6) |
(2.6) |
| Cash flow from operating activities |
(1.6) |
28.8 |
|
16.0 |
3.7 |
|
0.5 |
0.2 |
|
14.9 |
32.7 |
| |
|
|
|
|
|
|
|
|
|
|
|
| Investing activities |
|
|
|
|
|
|
|
|
|
|
|
| Investments in tangible assets |
(7.5) |
(6.7) |
|
0.0 |
(0.1) |
|
(0.2) |
0.0 |
|
(7.7) |
(6.8) |
| Investments in intangible assets |
(2.8) | (3.6) |
|
0.0 |
0.0 |
|
0.0 |
0.0 |
|
(2.8) |
(3.6) |
| Investment in leasing vehicles |
(0.2) |
(0.3) |
|
(4.0) |
(4.5) |
|
0.0 |
0.0 |
|
(4.2) |
(4.8) |
| Disposals of fixed assets and leasing vehicles |
0.7 |
0.8 |
|
3.1 |
2.3 |
|
0.0 |
0.0 |
|
3.8 |
3.1 |
| Operating cash flow |
(11.4) |
19.0 |
|
15.1 |
1.4 |
|
0.3 |
0.2 |
|
4.0 |
20.6 |
| |
|
|
|
|
|
|
|
|
|
|
|
| Investments and divestments of shares, net |
|
|
|
|
0.0 |
(0.1) |
| Acquired and divested operations, net |
|
|
0.2 |
0.6 |
| Interest-bearing receivables including marketable securites |
|
|
(8.9) |
6.8 |
| Cash-flow after net investments |
|
|
|
|
|
|
|
|
|
(4.7) |
27.9 |
| |
|
|
|
|
|
|
|
|
|
|
|
| Financing activities |
|
|
|
|
|
|
|
|
|
|
|
| Change in loans, net |
|
|
|
|
|
|
|
|
|
12.6 |
(25.7) |
| Payment to AB Volvo shareholders |
|
|
|
|
|
|
|
|
|
(4.1) |
0.0 |
| Payment to minority shareholders |
|
|
|
|
|
|
|
|
|
0.0 |
(0.1) |
| Other |
|
|
|
|
|
|
|
|
|
(0.1) |
0.0 |
| Change in cash and cash equivalents excluding translation differences |
|
|
|
|
|
|
|
|
|
3.7 |
2.1 |
| |
|
|
|
|
|
|
|
|
|
|
|
| Translation difference on cash and cash equivalents |
|
|
|
|
|
|
|
|
|
(0.2) |
(0.4) |
| Change in cash and cash equivalents |
|
|
|
|
|
|
|
|
|
3.5 |
1.7 |