Accounting policy

Other items not affecting cash amounted to:     
  2012 2011
Risk provisions and losses related to doubtful accounts receivable/customer-financing receivables 764 801
Capital gains/losses on the sale of subsidiaries and other business units (596) 19
Unrealized exchange rate gains/losses on accounts receivable and payable 224 (249)
Provision for global profit sharing program  200 550
Fair value commercial derivatives (316) 276
R&D tax credit - (283)
Write-down of assets held for sale  - 54
Reversal of write-down of assets held for sale - (60)
Provision for restructuring reserves 914 -
Other non-cash items 240 154
Total Other items not affecting cash flow  1,430 1,262
Acquired and divested shares and participations, net    
  2012 2011
New issue of shares (6) (9)
Capital contribution (6) (15)
Acquisitions (1,212) (165)
Divestments 39 69
Other (1) 1
Total cash flow from acquired and divested shares and participations, net (1,186) (119)

During 2012 AB Volvo acquired additional shares in Deutz AG, which had a negativ impact on cash-flow of SEK 1.1 billion.

Acquired and divested subsidiaries and other business units:    
  2012 2011
Acquired subsidiaries and other business units (1,527) (1,528)
Divested subsidiaries and other business units 4,917 (62)
Total cash flow from acquired and divested subsidiaries and other business units 3,390 (1,590)

Important increase/decrease in bond loans and other loans
In 2012, the Volvo Group increased its borrowings as a consequence of a negative operational cash flow and higher demands of funding from the Customer Finance Operations.