Scania annual report 2003

Consolidated balance sheet
31 December, SEK m. Note 2003 2002 2001
ASSETS
Fixed assets
Intangible fixed assets 8 2,395 1,938 1,364
Tangible fixed assets 9 23,892 23,640 25,714
Financial fixed assets
Holdings in associated companies etc 10 122 126 795
Long-term receivables
Long-term interest-bearing receivables 11 11,796 11,354 10,178
Deferred tax assets 6 381 466 963
Other long-term receivables 134 224 351
Total long-term receivables 12,311 12,044 11,492
Total fixed assets 38,720 37,748 39,365
Current assets
Inventories 12 8,506 7,862 7,946
Current receivables
Tax receivables 352 224 145
Interest-bearing trade receivables 13 7,502 7,136 6,791
Non-interest-bearing trade receivables 13 6,345 6,497 7,731
Other current receivables 13 2,494 2,281 2,354
Total current receivables 16,693 16,138 17,021
Short-term investments 14 704 1,669 2,133
Cash and bank balances 1,212 2,670 1,974
Total current assets 27,115 28,339 29,074
Total assets 65,835 66,087 68,439
31 December, SEK m. Note 2003 2002 2001
SHAREHOLDERS’ EQUITY AND LIABILITIES
Shareholders’ equity 15
Share capital 2,000 2,000 2,000
Restricted reserves 3,277 4,608 5,665
Total restricted equity 5,277 6,608 7,665
Unrestricted reserves 9,940 7,584 7,282
Net income 3,034 2,739 1,048
Total unrestricted equity 12,974 10,323 8,330
Total shareholders’ equity 18,251 16,931 15,995
Minority interests 4 58 21
Provisions
Provisions for pensions 16 2,094 2,045 2,092
Provisions for deferred tax liabilities 6 2,180 2,060 2,391
Other provisions 17 2,942 2,309 2,184
Total provisions 7,216 6,414 6,667
Liabilities
Long-term interest-bearing liabilities 18 20,827 22,514 18,908
Current liabilities
Current interest-bearing liabilities 18 5,380 6,933 14,504
Advance payments from customers 570 826 764
Trade creditors 3,253 3,297 3,253
Tax liabilities 1,027 241 182
Other current liabilities 2,059 2,103 2,003
Accrued expenses and prepaid income 19 7,248 6,770 6,142
Total current liabilities 19,537 20,170 26,848
Total shareholders’ equity and liabilities 65,835 66,087 68,439
Assets pledged 20 175 191 233
Contingent liabilities 21 595 522 855
Net debt, excluding provisions
for pensions, SEK m. 24,291 25,108 29,305
Net debt/equity ratio 1.33 1.48 1.83
For definitions of key ratios, see page 81.
Equity/assets ratio 27.7 25.6 23.4
Equity per share, SEK 91.26 84.66 79.98
Capital employed, SEK m. 46,556 48,481 51,520
ANNUAL REPORT 2003
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