Scania Annual Report 2011

141
Notes to the Parent Company financial statements,
continued
NOTE 4 Due from subsidiaries
2011 2010 2009
Current interest-bearing receivable
from Scania CV AB 4,001 3,000 1,800
Current non-interest-bearing
receivable from Scania CV AB 1 4,000 5,000 2,000
Total 8,001 8,000 3,800
1 Refers to anticipated dividend. The receivable is in SEK, so there is no currency risk.
NOTE 5 Equity
For changes in equity, see the equity report, page 139.
Under Swedish law, equity shall be allocated between nondistributable
(restricted) and distributable (unrestricted) funds.
Restricted equity consists of share capital plus non-distributable
funds. Scania AB has 400,000,000 Series A shares outstanding with
voting rights of one vote per share and 400,000,000 Series B shares
outstanding with voting rights of 1/10 vote per share. A and B shares
carry the same right to a portion of the company’s assets and profit.
The nominal value of both A and B shares is SEK 2.50 per share. All
shares are fully paid and no shares are reserved for transfer of ownership.
No shares are held by the company itself or its subsidiaries.
NOTE 7 Cash flow statement
Items not affecting cash flow are mainly attributable to anticipated
dividends. Interest received was SEK 70 m. (16 and 16, respectively).
NOTE 8 Salaries and remuneration to
executive officers and auditors
The President and CEO of Scania AB and the other executive officers
hold identical positions in Scania CV AB. Wages, salaries and other
remuneration are paid by Scania CV AB. The reader is therefore referre d
to the notes to the consolidated financial statements: Note 26,
“Wages, salaries and other remuneration and number of employee s”
and Note 28, “Compensation to executive officers”. Compensation of
SEK 10 thousand (10 and 10 respectively) was paid to auditors with
respect to the Parent Company.
NOTE 9 Transactions with related parties
Scania AB is a subsidiary of Volkswagen AG, corporate ID number
HRB 100484 and with its registered office in Wolfsburg, Germany.
The consolidated Annual Report of Scania’s foreign parent
compan y is available on the website www.volkswagenag.com.
Transactions with related parties consist of dividends paid to
Volkswagen AG.
NOTE 6 Contingent liabilities
2011 2010 2009
Contingent liabilities related to
FPG credit insurance, mainly on
behalf of subsidiaries 2,868 2,483 2,502
Loan guarantees on behalf of
borrowings in Scania CV AB 28,116 24,541 33,990
Other loan guarantees on behalf
of subsidiaries 7 2 2
Total 30,991 27,026 36,494
financial reports Scania 2011