Scania annual report 2003

NOTE 1 Segment reporting
BUSINESS SEGMENTS (PRIMARY)
REVENUE AND INCOME
Vehicles and Service Customer Finance 1 Eliminations and other Scania Group
January–December, SEK m. 2003 2002 2001 2003 2002 2001 2003 2002 2001 2003 2002 2001
Revenue from external customers 50,581 47,285 53,065 813 730 657 – – – 51,394 48,015 53,722
Operating income 4,759 3,548 2,189 366 308 278 – – – 5,125 3,856 2,467
Capital gain related to car operations – – – – – – – 550 – – 550 –
Financial income and expenses –521 –684 –926 – – – – – – –521 –684 –926
Income after financial items 4,238 2,864 1,263 366 308 278 – 550 – 4,604 3,722 1,541
Taxes –1,432 –890 –412 –133 –95 –84 – – – –1,565 –985 –496
Minority interests –5 2 3 – – – – – – –5 2 3
Net income 2,801 1,976 854 233 213 194 – 550 – 3,034 2,739 1,048
Depreciation/amortisation included in
operating income 2 –2,000 –2,093 –2,157 –16 –13 –11 – – – –2,016 –2,106 –2,168
1 For the Customer Finance segment, net interest income is presented as revenue. 2 Depreciation on operating leases is not included.
BALANCE SHEET
31 December, SEK m.
ASSETS
Intangible fixed assets 2,381 1,926 1,364 14 12 0 – – – 2,395 1,938 1,364
Tangible fixed assets 3 17,347 16,792 17,710 7,921 8,366 9,917 –1,376 –1,518 –1,913 23,892 23,640 25,714
Shares and participations 122 126 795 – – – – – – 122 126 795
Inventories 8,460 7,831 7,880 46 31 66 – – – 8,506 7,862 7,946
Interest-bearing receivables 4 1,268 1,524 1,773 18,030 16,966 15,196 – – – 19,298 18,490 16,969
Other receivables 9,501 9,452 11,016 619 630 898 –414 –390 –370 9,706 9,692 11,544
Liquid investments 1,779 4,187 3,931 137 152 176 – – – 1,916 4,339 4,107
Total assets 40,858 41,838 44,469 26,767 26,157 26,253 –1,790 –1,908 –2,283 65,835 66,087 68,439
SHAREHOLDERS’ EQUITY AND LIABILITIES
Shareholders’ equity 15,164 13,828 13,503 3,087 3,103 2,492 – – – 18,251 16,931 15,995
Provisions for pensions 2,088 2,040 2,087 6 5 5 – – – 2,094 2,045 2,092
Other provisions 4,361 3,495 3,670 761 874 905 – – – 5,122 4,369 4,575
Interest-bearing liabilities 4,426 8,495 11,721 21,781 20,952 21,691 – – – 26,207 29,447 33,412
Other liabilities 14,819 13,980 13,488 1,132 1,223 1,160 –1,790 –1,908 –2,283 14,161 13,295 12,365
Total shareholders’ equity and liabilities 40,858 41,838 44,469 26,767 26,157 26,253 –1,790 –1,908 –2,283 65,835 66,087 68,439
3 Tangible assets in the Customer Finance segment mainly consist of leasing assets (operating leases). 4 Interest-bearing receivables in the Customer Finance segment mainly consist of financial leases and hire purchase contracts.
Investments in intangible
fixed assets during the period 710 619 – 8 10 – – – – 718 629 –
Investments in tangible
fixed assets during the period 2,466 2,377 1,962 12 19 18 – – – 2,478 2,396 1,980
ANNUAL REPORT 2003
60