Scania Annual Report 2011

More documents

Recommendations

Info

134 notes to the consolidated financial statements NOTE 31 Financial instruments, continued Scania Group, 2009, SEK m. Financial assets and financial liabilities carried at fair value via the income statement (“through profit and loss”) Held-tomaturity investments Loan receivables and trade receivables Other financial liabilities Net investment hedges Cash flow hedges Total carrying amount Non-current interest-bearing receivables 19,265 19,265 19,575 Current interest-bearing receivables 12,557 12,557 12,580 Non-interest-bearing trade receivables 6,062 6,062 6,062 Current investments and Cash and cash equivalents 7,147 7,147 7,147 Other non-current receivables 1 848 426 1,274 1,274 Other current receivables 2 181 29 287 497 497 Total assets 1,029 – 45,486 – – 287 46,802 47,135 Non-current interest-bearing liabilities 26,504 26,504 26,979 Current interest-bearing liabilities 19,928 19,928 19,966 Trade payables 5,358 5,358 5,358 Other non-current liabilities 3 503 200 703 703 Other current liabilities 4 791 81 872 872 Total liabilities 1,294 – – 51,790 – 281 53,365 53,878 1 Financial instruments included in the balance sheet under “Other long-term receivables”, SEK 1,496 m. 2 Financial instruments included in the balance sheet under “Other current receivables”, SEK 2,806 m. 3 Financial instruments included in the balance sheet under “Other non-current liabilities”, SEK 713 m. 4 Financial instruments included in the balance sheet under “Other current liabilities”, SEK 2,534 m. Total fair value HEDGE ACCOUNTING Scania applies hedge accounting according to IAS 39 as follows: – To a minor extent, Scania applies cash flow hedge accounting on interest rate derivatives to transform variable interest rates on loans to fixed rates. – To a minor extent, cash flow hedge accounting is applied for currency rate effects on loans that are related to operating lease assets. For more detailed information on accounting of hedging instruments and hedged items, see Note 1, “Accounting principles”. NET GAINS/LOSSES ON FINANCIAL INSTRUMENTS RECOGNISED IN THE INCOME STATEMENT The table below shows the following items that are recognised in the income statement: – Gains and losses related to currency rate differences, including gains and losses attributable to cash flow hedge accounting. − Gains and losses related to financial instruments for which hedge accounting is applied. Net gains/losses 2011 2010 2009 Financial assets and liabilities held for trading, carried at fair value –380 660 –2,354 Loan and trade receivables 1 24 –3,195 –1,345 Other financial liabilities 78 3,336 1,496 Total –278 801 –2,203 1 Also includes operating leases. Gains and losses due to currency rate differences related to derivatives, loan receivables and borrowings mainly arise in Scania’s treasury unit. Most of the loan receivables that give rise to currency rate differences comprise the treasury unit’s receivables from Group companies. INTEREST INCOME AND EXPENSES ON FINANCIAL INSTRUMENTS The table below shows interest income and interest expenses for all of Scania’s financial assets and financial liabilities: 2011 2010 2009 Interest income on financial assets 1, 2 2,832 2,253 2,535 Interest expenses on financial liabilities 2, 3 –1,527 –1,663 –2,531 Total 1,305 590 4 1 SEK 179 m. (59 and –78, respectively) consists of interest income generated from financial investments carried at fair value. 2 Also includes operating leases as well as other interest income and interest expenses related to Financial Services that were recognised in the operating income. 3 SEK –71 m. (386 and 488, respectively) consists of interest expenses generated from financial liabilities carried at fair value. The reason why income diverges from recognised interest income in net financial items is largely that Financial Services is included in the table and that interest income and interest expenses attributable to pensions are excluded. financial reports Scania 2011
135 NOTE 32 Subsidiaries Company Corporate ID no. Registered office Country % Ownership Vehicles and Services Fastighetsaktiebolaget Vindbron 556040-0938 Gothenburg Sweden 100 Ferruform AB 556528-9120 Luleå Sweden 100 Scania Real Estate Lund AB 556791-9823 Lund Sweden 100 Fastighetsaktiebolaget Flygmotorn 556528-9112 Malmö Sweden 100 Fastighetsaktiebolaget Hjulnavet 556084-1198 Stockholm Sweden 100 Stockholms Industriassistans AB 556662-3459 Stockholm Sweden 100 DynaMate AB 556070-4818 Södertälje Sweden 100 DynaMate Industrial Services AB 556528-9286 Södertälje Sweden 100 DynaMate IntraLog AB 556718-5409 Södertälje Sweden 100 Fastighetsaktiebolaget Motorblocket 556716-6698 Södertälje Sweden 100 Scania CV AB 556084-0976 Södertälje Sweden 100 Scania Delivery Center AB 556593-2976 Södertälje Sweden 100 Scania IT AB 556084-1206 Södertälje Sweden 100 Scania Overseas AB 556593-2984 Södertälje Sweden 100 Scania Real Estate AB 556084-1180 Södertälje Sweden 100 Scania Real Estate Services AB 556593-3024 Södertälje Sweden 100 Scania Trade Development AB 556013-2002 Södertälje Sweden 100 Scania Transportlaboratorium AB 556528-9294 Södertälje Sweden 100 Scania Treasury AB 556528-9351 Södertälje Sweden 100 Scania Used Vehicles AB 556548-4713 Södertälje Sweden 100 Scania-Bilar Sverige AB 556051-4621 Södertälje Sweden 100 Vabis Försäkringsaktiebolag 516401-7856 Södertälje Sweden 100 Motorcam S.A. 33-70791031-9 Buenos Aires Argentina 100 Scania Argentina S.A. 30-51742430-3 Buenos Aires Argentina 100 Scania Plan S.A. 30-61086492-5 Buenos Aires Argentina 100 Scania Services S.A. 33-70784693-9 Buenos Aires Argentina 100 Automotores del Atlantico S.A. 30-70709795-3 Mar del Plata Argentina 100 Aconcagua Vehiculos Comerciales S.A. 30-70737179-6 Mendoza Argentina 100 Automotores Pesados S.A. 30-55137605-9 Tucumán Argentina 99.38 Scania Australia Pty Ltd 000537333 Melbourne Australia 100 Scania Österreich GmbH FN95419y Brunn am Gebirge Austria 100 Scania Real Estate Österreich GmbH FN366024x Brunn am Gebrige Austria 100 Scania Bus Belgium N.V.-S.A. BE0460.870.259 Brussels Belgium 100 Scania Belgium SA-NV BE0402.607.507 Neder-Over-Heembeek Belgium 100 Scania Group Treasury Belgium N.V. BE0809.445.796 Neder-Over-Heembeek Belgium 100 Scania Real Estate Belgium NV BE0423.251.481 Neder-Over-Heembeek Belgium 100 Scania Treasury Belgium NV BE0888.285.319 Neder-Over-Heembeek Belgium 100 Scania Bosnia Hertzegovina d.o.o. 4200363460007 Sarajevo Bosnia-Hercegovina 100 Scania Botswana (Pty) Ltd CO.2000/6045 Gaborone Botswana 100 Scania Administradora de Consórcios Ltda 96.479.258/0001-91 Cotia Brazil 99.99 Suvesa Super Veics Pesados LTDA 88.301.668/0001-10 Eldorado do Sul Brazil 99.98 Codema Coml Import LTDA 60.849.197/0001-60 Guarulhos Brazil 99.99 Scania Latin America Ltda 59.104.901/0001-76 São Bernardo do Campo Brazil 100 Scania Bulgaria EOOD BG121796861 Sofia Bulgaria 100 Scania Real Estate Bulgaria EOOD 201589120 Sofia Bulgaria 100 Scania Chile S.A. 96.538.460-K Santiago Chile 100 Scania Sales (China) Co Ltd 110105717867816 Beijing China 100 Scania (Hong Kong) Limited 1205987 Hong Kong China 100 Scania Colombia S.A. 900.353.873-2 Bogotá Colombia 100 Scania Hrvatska d.o.o. 080213913 Zagreb Croatia 100 Scania Czech Republic s.r.o. CZ61251186 Prague Czech Republic 100 Scania Danmark A/S DK17045210 Herlev Denmark 100 Scania Danmark Eiendom Aps 33156332 Ishøj Denmark 100 Scania Biler A/S DK21498033 Ishøj Denmark 100 Scania Eesti AS 10238872 Tallinn Estonia 100 Oy Scan-Auto Ab FI0202014-4 Helsinki Finland 100 Scania France S.A.S. FR38307166934 Angers France 100 Scania IT France S.A.S. 17412282626 Angers France 100 Scania Production Angers S.A.S. FR24378442982 Angers France 100 Scania Danmark GmbH DE1529518862 Flensburg Germany 100 Scania Flensburg GmbH 1529518587 Flensburg Germany 100 financial reports Scania 2011
Page 1 and 2:
ANNUAL REPORT 2011
Page 3 and 4:
1 Operations 2-31 Statement of the
Page 5 and 6:
SCANIA’S STRATEGY 3 Our solution
Page 7 and 8:
The world of Scania Scania is a glo
Page 9 and 10:
scania’s strategY 7 Scania’s st
Page 11 and 12:
SCANIA’S STRATEGY 9 The change in
Page 13 and 14:
SCANIA’S STRATEGY 11 The aluminiu
Page 15 and 16:
SCANIA’S STRATEGY 13 Profitable b
Page 17 and 18:
SCANIA’S STRATEGY 15 Component mo
Page 19 and 20:
SCANIA’S STRATEGY 17 Methods for
Page 21 and 22:
SCANIA’S STRATEGY 19 Scania is st
Page 23 and 24:
market - TRUCKS 21 Effective overal
Page 25 and 26:
23 assembles the bodies for the Sca
Page 27 and 28:
100 years of innovation In 2011, Sc
Page 29 and 30:
27 Productivity and energy efficien
Page 31 and 32:
SCANIA’S STRATEGY 29 service tech
Page 33:
SCANIA’S STRATEGY 31 Experience s
Page 36 and 37:
34 MARKET Lastbilar nettoomsättnin
Page 38 and 39:
36 production
Page 40 and 41:
38 production Greater flexibility w
Page 42 and 43:
40 RESEARCH AND DEVELOPMENT
Page 44 and 45:
42 RESEARCH AND DEVELOPMENT Scania
Page 46 and 47:
44 SCANIA’S SUSTAINABILITY WORK R
Page 48 and 49:
46 SCANIA’S SUSTAINABILITY WORK K
Page 50 and 51:
48 SCANIA’S SUSTAINABILITY WORK S
Page 52 and 53:
50 SCANIA’S SUSTAINABILITY WORK S
Page 54 and 55:
52 SCANIA’S SUSTAINABILITY WORK C
Page 56 and 57:
54 SCANIA’S SUSTAINABILITY WORK M
Page 58 and 59:
56 Scania share data Scania share d
Page 60 and 61:
58 Annual General Meeting and Finan
Page 62 and 63:
60 Risks and risk management servic
Page 64 and 65:
62 Risks and risk management Produc
Page 66 and 67:
64 CORPORATE GOVERNANCE REPORT owne
Page 68 and 69:
66 CORPORATE GOVERNANCE REPORT The
Page 70 and 71:
68 CORPORATE GOVERNANCE REPORT by t
Page 72 and 73:
70 BOARD OF DIRECTORS Board of Dire
Page 74 and 75:
72 EXECUTIVE BOARD AND CORPORATE UN
Page 76 and 77:
financial reports Amounts in tables
Page 78 and 79:
76 group financial review Group fin
Page 80 and 81:
78 group financial review During 20
Page 82 and 83:
80 consolidated income statements C
Page 84 and 85:
82 consolidated balance sheets Cons
Page 86 and 87: 84 Consolidated statement of change
Page 88 and 89: 86 notes to the consolidated financ
Page 102 and 103: 100 notes to the consolidated finan
Page 140 and 141: 138 parent company financial statem
Page 142 and 143: 140 notes to the parent company fin
Page 144 and 145: 142 proposed guidelines for salary
Page 146 and 147: 144 audit report Audit Report TRANS
Page 148 and 149: 146 quarterly data Quarterly data,
Page 150 and 151: 148 key financial ratios and figure
Page 152 and 153: 150 multi-year statistical review M
Page 154 and 155: 152 The Annual Report contains forw
Page 156: Scania AB (publ), SE-151 87 Södert
show all

Scania Annual Report 2011

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?