Scania annual report 2004

Contents 2004
Scania in brief 4
Important events in 2004 6
Statement of the President and CEO 8
Management structure 10
The work of the Board 11
Goals and strategies 12
Brand and values 13
Employees 14
Scania’s role in society 16
The environment 18
Customers 20
Trends and industry developments 22
Products 26
Research and development 30
Production 34
Scania share data 38
Facts about Scania 40
– The truck market
– The bus and coach market
– The market for industrial and marine engines
– Employees
– Environmental economics
Financial review 46
Income statement 49
Balance sheet 50
Statement of changes in
shareholders’ equity 51
Cash flow statement 51
Parent Company financial
statements 52
Accounting principles 53
Notes, Scania Group 57
Subsidiaries 76
Notes 78
Proposed distribution of earnings 79
Auditors’ report 80
Quarterly data 82
Key financial ratios and definitions 83
Multi-year statistical review 84
Board of Directors 86
Group Management 88
Annual General Meeting and
information 90
The English version of the Annual Report is a translation of the Swedish-language original, which is the
binding version and shall prevail in case of any discrepancies. Translation: Victor Kayfetz, Scan Edit.
The Report of the Directors encompasses pages 4–79.
Swedish corporate identity number: Scania AB (publ) 556184-8564
Unless otherwise stated, all comparisons in this Annual Report refer to the same period of the preceding year.
The Annual Report contains forward-looking statements that reflect management’s current views with
respect to certain future events and potential financial performance. Such forward-looking statements involve
risks and uncertainties that could significantly alter potential results. The statements are based on certain
assumptions, including assumptions related to general economic and financial conditions in the company’s
markets and the level of demand for the company’s products.
This report does not imply that the company has undertaken to revise these forward-looking statements,
beyond what is required under the company’s registration contract with Stockholmsbörsen if and when
circumstances arise that will lead to changes compared to the date when these statements were provided.
SCANIA ANNUAL REPORT 2004