Scania Annual Report 2011
Scania Annual Report 2011 Scania Annual Report 2011
98 notes to the consolidated financial statements NOTE 3 Operating segment reporting, continued GEOGRAPHIC AREAS Europe Eurasia Asia 2011 2010 2009 2011 2010 2009 2011 2010 2009 Vehicles and Services Net sales, January–December 1 45,167 39,611 37,517 6,062 2,413 1,449 10,174 9,035 6,096 Assets, 31 December 2 50,225 46,110 42,848 1,667 1,609 1,372 2,142 1,766 1,559 Gross investments 2 2,437 1,743 2,995 46 49 125 55 33 24 Non-current assets 26,277 25,071 26,050 549 569 623 334 309 316 Financial Services Revenue, January–December 1 3,453 3,404 3,750 251 227 256 163 186 218 Assets, 31 December 2 33,150 30,020 33,396 2,276 1,920 2,573 2,013 1,840 2,325 New financing to customers 17,933 13,152 12,150 1,424 631 371 1,294 778 1,018 Non-current assets 22,996 20,800 23,346 1,283 990 1,432 1,164 1,000 1,231 1 Revenue from external customers is allocated by location of customers. 2 Assets and gross investments, respectively (excluding lease assets), by geographic location. 3 Refers mainly to Latin America. GEOGRAPHIC AREAS The business of the operating segments is monitored based on a geographi c division of countries in which Sweden is part of the Europea n market. The geographic division of Scania is based on where the customers are located. The “Definitions” section shows what countries are included in each of these areas. Sales of Scania’s products occur in all five geographic areas. Financia l Service s is found mainly in the European markets and to a lesser extent in the other s. Most of Scania’s research and development work occurs in Swede n. Manu facturing of trucks, buses and industrial and marine engines occur s in Sweden, Argentina, Brazil, France, the Netherlands, Poland and Russia. NOTE 4 Revenue from external customers Vehicles and Services 2011 2010 2009 Trucks 57,632 47,580 32,832 Buses 8,206 7,713 8,837 Engines 1,179 1,148 821 Service 17,048 16,455 15,904 Used vehicles 4,313 4,623 4,403 Other products 1 1,907 2,590 –208 Total delivery value 90,285 80,109 62,589 Adjustment for lease income 2 –2,599 –1,941 –515 Net sales, Vehicles and Services 87,686 78,168 62,074 Financial Services 4,372 4,197 4,666 Eliminations 3 –1,749 –1,797 –1,842 Revenue from external customers 90,309 80,568 64,898 1 During 2011, no future currency flows were hedged. In 2010 and 2009, currency hedging income of SEK 745 and –2,140 m., respectively was included. 2 Refers to the difference between sales value based on delivery and revenue recognised as income. This difference arises when a lease or delivery, combined with a residual value guarantee or a repurchase obligation, which means that significant risks remain, is recognised as an operating lease. Refers mainly to new trucks, SEK –2,193 m. (–1,598 and 104, respectively) and new buses, SEK –333 m. (–234 and –512, respectively). The adjustment from delivery value to net sales in operating leases occurs in two steps. First the entire delivery value of vehicles delivered during the period is subtracted from sales. Then the portion of delivery value attributable to the period in question for vehicles delivered during this and earlier periods is added to sales. 3 Elimination refers to lease income on operating leases. financial reports Scania 2011
99 America 3 Africa and Oceania Total 2011 2010 2009 2011 2010 2009 2011 2010 2009 20,912 21,725 11,812 5,371 5,384 5,200 87,686 78,168 62,074 11,619 11,188 10,730 1,874 2,215 1,809 67,527 62,888 58,318 458 189 255 38 22 37 3,034 2,036 3,436 3,819 3,938 3,855 458 427 371 31,437 30,314 31,215 231 67 25 274 313 417 4,372 4,197 4,666 4,226 1,335 585 2,187 2,515 3,429 43,852 37,630 42,308 3,527 1,105 139 1,567 2,009 1,315 25,745 17,675 14,993 2,710 675 231 1,311 1,615 1,948 29,464 25,080 28,188 NOTE 5 Operating expenses Vehicles and Services 2011 2010 2009 Cost of goods sold Cost of goods 40,085 34,635 31,230 Staff 11,426 10,115 9,124 Depreciation/amortisation 1,960 1,874 1,991 Other 9,692 7,880 6,545 Total 63,163 54,504 48,890 Research and development expenses Staff 1,809 1,560 1,418 Depreciation/amortisation 420 420 494 Other 2,211 1,525 1,304 Total 4,440 3,505 3,216 Financial Services 2011 2010 2009 Selling and administrative expenses Staff 410 367 332 Depreciation/amortisation 21 21 24 Other 184 185 182 Total 615 573 538 Cost of goods includes new trucks, buses, engines, parts, used vehicles, bodywork and cars. The cost of goods may vary, depending on the degree of integration in different markets. Capitalised product development expenditures have reduced the expense categories “Staff” and “Other”. Selling expenses Staff 3,663 3,363 3,142 Depreciation/amortisation 223 244 255 Other 3,128 2,793 3,010 Total 7,014 6,400 6,407 Administrative expenses Staff 497 566 459 Depreciation/amortisation 6 6 8 Other 701 628 451 Total 1,204 1,200 918 financial reports Scania 2011
- Page 50 and 51: 48 SCANIA’S SUSTAINABILITY WORK S
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99<br />
America 3 Africa and Oceania Total<br />
<strong>2011</strong> 2010 2009 <strong>2011</strong> 2010 2009 <strong>2011</strong> 2010 2009<br />
20,912 21,725 11,812 5,371 5,384 5,200 87,686 78,168 62,074<br />
11,619 11,188 10,730 1,874 2,215 1,809 67,527 62,888 58,318<br />
458 189 255 38 22 37 3,034 2,036 3,436<br />
3,819 3,938 3,855 458 427 371 31,437 30,314 31,215<br />
231 67 25 274 313 417 4,372 4,197 4,666<br />
4,226 1,335 585 2,187 2,515 3,429 43,852 37,630 42,308<br />
3,527 1,105 139 1,567 2,009 1,315 25,745 17,675 14,993<br />
2,710 675 231 1,311 1,615 1,948 29,464 25,080 28,188<br />
NOTE 5 Operating expenses<br />
Vehicles and Services <strong>2011</strong> 2010 2009<br />
Cost of goods sold<br />
Cost of goods 40,085 34,635 31,230<br />
Staff 11,426 10,115 9,124<br />
Depreciation/amortisation 1,960 1,874 1,991<br />
Other 9,692 7,880 6,545<br />
Total 63,163 54,504 48,890<br />
Research and<br />
development expenses<br />
Staff 1,809 1,560 1,418<br />
Depreciation/amortisation 420 420 494<br />
Other 2,211 1,525 1,304<br />
Total 4,440 3,505 3,216<br />
Financial Services <strong>2011</strong> 2010 2009<br />
Selling and administrative<br />
expenses<br />
Staff 410 367 332<br />
Depreciation/amortisation 21 21 24<br />
Other 184 185 182<br />
Total 615 573 538<br />
Cost of goods includes new trucks, buses, engines, parts, used vehicles, bodywork and cars.<br />
The cost of goods may vary, depending on the degree of integration in different markets.<br />
Capitalised product development expenditures have reduced the expense categories<br />
“Staff” and “Other”.<br />
Selling expenses<br />
Staff 3,663 3,363 3,142<br />
Depreciation/amortisation 223 244 255<br />
Other 3,128 2,793 3,010<br />
Total 7,014 6,400 6,407<br />
Administrative expenses<br />
Staff 497 566 459<br />
Depreciation/amortisation 6 6 8<br />
Other 701 628 451<br />
Total 1,204 1,200 918<br />
financial reports <strong>Scania</strong> <strong>2011</strong>
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