Key financial data

Key financial data

Read our summary of essential facts and figures about Volvo Car Group

Key financial data 2014

Volvo car group - Second half year report and full year report 2014

MSEK Dec 31, 2014 Dec 31, 2013
ASSETS
Non-current assets
Intangible assets 20,098 17,271
Property, plant and equipment 29,275 25,653
Assets held under operating leases 1,942 1,890
Investments in joint ventures and associates 1,541 1,159
Other long-term securities holdings 13 10
Deferred tax assets 2,535 2,165
Other non-current assets 11,647 1,077
Total non-current assets 67,051 49,225
Current assets
Inventories 14,368 14,416
Accounts receivable 8,004 5,618
Current tax assets 355 97
Other current assets 4,484 2,781
Marketable securities 1,047 88
Cash and cash equivalents 14,165 15,372
Total current assets 42,423 38,372
TOTAL ASSETS 109,474 87,597
EQUITY & LIABILITIES
Equity
Equity attributable to owners of the parent company 32,702 24,638
Total equity 32,702 24,638
Non-current liabilities
Provisions for post-employment benefits 6,377 3,641
Deferred tax liabilities 3,337 1,759
Other non-current provisions 5,592 5,463
Liabilities to credit institutions 15,208 12,033
Other non-current liabilities 1,600 1,212
Total non-current liabilities 32,114 24,108
Current liabilities
Current provisions 9,319 8,169
Liabilities to credit institutions 932 820
Advanced payments from customers 299 317
Trade payables 14,434 13,632
Current tax liabilities 598 658
Other current liabilities 19,076 15,255
Total current liabilities 44,658 38,851
TOTAL EQUITY & LIABILITIES 109,474 87,579
Intangible assets 20,098 17,271
Current tax assets 355 97
Cash and cash equivalents 14,165 15,372
Provisions for post-employment benefits 6,377 3,641
Deferred tax liabilities 3,337 1,759
Other non-current provisions 5,592 5,463
Liabilities to credit institutions 15,208 12,033
Other non-current liabilities 1,600 1,212
Property, plant and equipment 29,275 25,653
Current provisions 9,319 8,169
Advanced payments from customers 299 317
Trade payables 14,434 13,632
Current tax liabilities 598 658
Other current liabilities 19,076 15,255
Assets held under operating leases 1,942 1,890
Investments in joint ventures and associates 1,541 1,159
Other long-term securities holdings 13 10
Deferred tax assets 2,535 2,165
Other non-current assets 11,647 1,077
Accounts receivable 8,004 5,618
MSEK Dec 31, 2014 Dec 31, 2013
ASSETS
EQUITY & LIABILITIES
Equity
Non-current liabilities
Total non-current assets 67,051 49,225
Non-current assets
TOTAL ASSETS 109,474 87,597
Total current assets 42,423 38,372
Total current liabilities 44,658 38,851
TOTAL EQUITY & LIABILITIES 109,474 87,579
Current assets
Inventories 14,368 14,416
Other current assets 4,484 2,781
Marketable securities 1,047 88
Equity attributable to owners of the parent company 32,702 24,638
Total equity 32,702 24,638
Total non-current liabilities 32,114 24,108
Current liabilities
Liabilities to credit institutions 932 820
Cash and cash equivalent at beginning of year 15,372 9,607
Cash and cash equivalent at end of year 14,165 15,372
Cash flow from financing activities 3,147 5,765
Cash flow from movements in working capital -446 1,084
Cash flow for the year -1,962 5,786
Operating income 2,252 1,919
Change in accounts payable 802 1,006
Change in items relating to repurchase commitments -192 -47
Change in provisions 1,374 767
Change in other working capital assets/liabilities -575 590
Repayment of liabilities to credit institutions -676 -45
Exchange difference on cash and cash equivalents 755 -21
Interest and similar items received 131 87
Adjustments for items not affecting cash flow -363 -281
Change in inventories 531 -349
MSEK Full year 2014 Full year 2013
OPERATING ACTIVITIES
Movements in working capital
FINANCIAL ACTIVITIES
6,792 7,777
Depreciation and amortisation of non-current assets 6,931 7,138
Interest and similar items paid -647 -433
Other financial items -39 -80
Income tax paid -1,473 -573
Change in accounts receivable -2,386 -883
Cash flow from operating activities 6,346 8,861
Proceeds from credit institutions 2,435 5,336
Received shareholders' contribution 494 293
Other 894 181
Net revenue 129,959 122,245 124,547
Income tax -656 -172 452
Owners of the parent company 834 960 -592
Non-controlling interests 834 960 50
Research and development expenses -6,613 -5,864 -6,289
Selling expenses -8,073 -7,919 -8,642
Administrative expenses -5,431 -5,129 -5,192
Other operating income 1,953 1,509 1,032
Other operating expenses -1,692 -1,168 -814
Share of income in associates 104 179 24
Financial income 325 87 120
MSEK Full year 2014 Full year 2013 Full year 2012
Income before tax 1,490 1,132 -994
Net income 834 960 -542
Operating income 2,252 1,919 66
Net income attributable to
Cost of sales -107,955 -101,934 -104,600
Gross income 22,004 20,311 19,947
Financial expenses -1,087 -874 -1,180