Corporate registration number 556012-5790.
Amounts in SEK M unless otherwise specified. Amounts within parentheses refer to preceding year, 2011.
AB Volvo is the Parent Company of the Volvo Group and its operations comprise of the Group’s head office with staff together with some corporate functions.
Income from investments in Group companies includes 2,865 from gain on sales of shares in Volvo Aero AB. Income includes dividends amounting to 920 (2,719) and transfer price adjustments and royalties amounting to an expense of 524 (1,000). Dividend received from Volvo Aero AB amounted to 572 and dividend received from Volvo Construction Equipment NV amounted to 258.
The carrying value of shares and participations in Group companies amounted to 56,832 (59,460), of which 55,940 (58,934) pertained to shares in wholly owned subsidiaries. The corresponding shareholders’ equity in the subsidiaries (including equity in untaxed reserves but excluding minority interests) amounted to 100,326 (99,139).
Investments in associated companies included 1,752 (413) in associated companies that are reported in accordance with the equity method in the consolidated accounts. The portion of shareholders’ equity in associated companies pertaining to AB Volvo amounted to 1,419 (413). During 2012 AB Volvo aquired additional shares in the listed company Deutz AG amounting to 1,107. Total holding as of December 31, 2012 amounts to 25%.
Financial net debt amounted to 27,042 (30,665).
AB Volvo’s risk capital (shareholders’ equity plus untaxed reserves) amounted to 41,241 (42,163) corresponding to 54% (55) of total assets.