Financial information Parent Company AB Volvo

AB Volvo's holding of shares
    Dec 31, 2012 Dec 31, 2012 Dec 31, 2011
AB Volvo's holding of shares Registration Percentage Carrying  Carrying 
in non-Group companies1) number holding2)  value  value
Deutz AG, Germany 25 1,359 299
Blue Chip Jet II HB, Sweden 969717-2105 50 386 405
Blue Chip Jet HB, Sweden 969639-1011 50 8 8
Other investments   - 21 25
Total carrying value, non-Group companies     1,774 737

1) AB Volvo's investments in associated companies and other shares and participations include the direct and indirect holdings of VE Commercial Vehicles (VECV). AB Volvo's direct equity holding is 45,6% and indirect equity holding is 4,6% in VECV amount to 1,848 (1,848). In the consolidated accounts of the Volvo Group, VECV is reported as a joint venture, consolidated according to the proportionate method, and accordingly included in the table for group companies below.
2) Percentage figures refer to share capital as well as voting rights.

     Dec 31, 2012 Dec 31, 2012 Dec 31, 2011
AB Volvo’s holding of shares Registration Percentage Carrying Carrying
in major subsidiaries number holding1) value2) value
Volvo Lastvagnar AB, Sweden 556013-9700 100 8,711 8,711
  Volvo Truck Center Sweden AB, Sweden 556072-7777 100
  Volvo Finland AB, Finland 100
  Volvo Group Belgium NV, Belgium 100
  Volvo Group UK Ltd, Great Britain 100
  Volvo India Ltd, India 100
         
Volvo Holding Sverige AB, Sweden 556539-9853 100 7,634 7,634
  BRS Ltd, Great Britain 100
  Volvo Construction Equipment North America, Canada 100
  Volvo Polska Sp. O.O., Poland 100
  Volvo (Southern Africa) Pty Ltd, South Africa 100
  Volvo do Brasil Veiculos Ltda, Brazil 100
  Banco Volvo (Brasil) SA, Brazil 100
  Volvo Group Canada Inc., Canada 100
  Prévost Car Inc, Canada 100
  Volvo Group Australia Pty Ltd, Australia 100
  Volvo Group Automotive Ticaret, Ltd, Sirketi, Turkey3) 100
         
Volvo Holding France SA, France 100
   Volvo Trucks France s.a.s., France 100
    Volvo Compact Equipment s.a.s., France 100
    Volvo CE Europe s.a.s., France 100
    VFS Finance France s.a.s., France 100
    VFS Location France s.a.s., France 100
         
Renault Trucks s.a.s., France 100
     Renault Trucks Deutschland GmbH, Germany 100
     Renault Trucks Polska SP Z OO, Poland 100
     Renault Trucks, España, Spain 100
     Renault Trucks Italia Spa, Italy 100
     Panhard s.a., France 100
         
Volvo Group Japan Co, Japan 100 6,379 6,379
    UD Trucks Corporation, Japan 100
    DRD Co., Ltd, Japan 100
   UD Trucks Japan Co, Japan 100
   UD Trucks South Africa (Pty) Ltd., South Africa 100
         
Volvo Bussar AB, Sweden 556197-3826 100 1,917 1,917
         
Volvo Construction Equipment NV, The Netherlands 100 2,582 2,582
  Volvo Construction Equipment AB, Sweden 556021-9338 100
  Volvo Maskin AS, Norway 100
  Volvo Construction Equipment        
  Europe GmbH, Germany 100
  ABG Algemeinen Baumaschinen GmbH, Germany 100
         
AB Volvo Penta, Sweden 556034-1330 100 438 438
         
Volvo Aero AB, Sweden4) 556029-0347 2,885
  Volvo Aero Norge AS, Norway
         
VNA Holding Inc., USA 100 2,491 2,491
  Volvo Group North America Inc., USA 100
  Arrow Truck Sales, Inc., USA 100
   Mack Trucks Inc., USA  100
  Volvo Construction Equipment        
  North America Inc., USA 100
  Volvo Penta of The Americas Inc., USA 100
  Volvo Commercial Finance LLC The Americas, USA 100
  VFS US LLC, USA 100
         
Volvo Financial Services AB, Sweden 556000-5406 100 1,945 1,945
  VFS International AB, Sweden 556316-6064 100
   VFS Nordic AB, Sweden 556579-1778 100
  VFS Financial Services BV, The Netherlands 100
   VFS Financial Services Belgium NV, Belgium 100
  VFS Financial Services (UK) Ltd, Great Britain 100
  VFS Deutschland GmbH, Germany 100
  VFS Financial Services Spain EFC, SA, Spain 100
  Volvo Finance (Suisse) SA, Switzerland 100
  VFS Vostok, Russia 100
  VFS Romania, Romania 100
  VFS Canada Inc, Canada 100
VE Commercial Vehicles, Ltd, India5, 6) 50
Volvo Treasury AB, Sweden 556135-4449 100 13,044 13,044
Sotrof AB, Sweden 556519-4494 100 1,388 1,388
  Volvo Group Real Estate AB, Sweden 556006-8313 100
Volvo Korea Holding AB, Sweden 556531-8572 100 2,655 2,655
  Volvo Group Korea Co Ltd, South Korea 100
Volvo China Investment Co Ltd, China 100 1,096 1,096
  Shanghai Sunwin Bus Co, China5) 50
  Shandong Lingong Construction Machinery, China  70
Volvo Automotive Finance (China) Ltd, China 100 491 491
Volvo Group UK Ltd, Great Britain7) 100 413 413
Volvo Holding Mexico, Mexico 100 531 531
Volvo Group Venture Capital AB, Sweden 556542-4370 100 361 361
Volvo Powertrain AB, Sweden 556000-0753 100 498 498
Volvo Information Technology AB, Sweden 556103-2698 100 663 663
Volvo Parts AB, Sweden 556365-9746 100 200 200
Volvo Group Insurance Försäkrings AB, Sweden 516401-8037 100 182 182
Volvo Business Services AB, Sweden 556029-5197 100 107 107
Volvo Danmark Holding AS, Denmark 100 104 104
VFS Servizi Financiari Spa, Italy8) 100 79 79
Kommersiella Fordon Europa AB, Sweden 556049-3388 100 1,890 1,890
Volvo Norge AS, Norway 100 56 56
Volvo Malaysia Sdn, Malaysia 100 48 48
ZAO Volvo Vostok, Russia9) 100 34 34
Volvo Italia Spa, Italy 100 386 496
CPAC Systems AB, Sweden10) 556566-2870 100 367
Volvo Logistics AB, Sweden 556197-9732 100 85 85
Rossareds Fastighets AB, Sweden 556009-1190 100 26 26
Alviva AB, Sweden 556622-8820 100 5 5
Volvo East Asia (Pte) Ltd, Singapore 100 9 9
Volvo Information Technology GB Ltd, Great Britain 100 3 3
VFS Latvia SIA, Latvia 100 9 9
Other holdings     5 5
Total carrying value Group companies11)     56,832 59,460

1) Total percentage holding in the Volvo Group.
2) Carrying value of the percentage holding in the Parent company.
3) Total holding by Volvo Holding Sverige and Volvo Lastvagnar is 100%. 
4) Volvo Aero AB was divested during October 2012.
5) Joint venture, reported in accordance with the proportionate consolidation method in Volvo's consolidated accounts. 
6) AB Volvo's investments in associated companies and other shares and participations include the direct and indirect holdings of VE Commercial Vehicles (VECV). AB Volvo's direct equity holding is 45,6% and indirect equity holding is 4,6% in VECV amount to 1,848 (1,848). In the consolidated accounts of the Volvo Group, VECV is reported as a joint venture, consolidated according to the proportionate method, and accordingly included in the table for group companies above.
7) Total holding by Volvo Lastvagnar AB and AB Volvo is 100%.
8) Total holding by Volvo Italia and AB Volvo is 100%.
9) Total holding by AB Volvo and Volvo Trucks Region Central Europe is 100%.
10) The total holding of AB Volvo and AB Volvo Penta is 100%. The company was reclassified to group company in 2012.
11) AB Volvo’s share of shareholders’ equity in subsidiaries (including equity in untaxed reserves) was 100,326 (99.139).