Scania annual report 2004

Consolidated balance sheet
31 December, SEK m Note 2004 2003 2002
ASSETS
Fixed assets
Intangible fixed assets 7 2,460 2,395 1,938
Tangible fixed assets 8 23,598 23,892 23,640
Financial fixed assets
Holdings in associated companies etc 9 92 122 126
Long-term receivables
Long-term interest-bearing receivables 10 12,756 11,796 11,354
Deferred tax assets 5 383 381 466
Other long-term receivables 174 134 224
Total long-term receivables 13,313 12,311 12,044
Total fixed assets 39,463 38,720 37,748
Current assets
Inventories 11 9,487 8,506 7,862
Current receivables
Tax receivables 733 352 224
Interest-bearing trade receivables 12 7,875 7,502 7,136
Non-interest-bearing trade receivables 12 7,641 6,345 6,497
Other current receivables 12 2,528 2,494 2,281
Total current receivables 18,777 16,693 16,138
Short-term investments 13 1,379 704 1,669
Cash and bank balances 1,119 1,212 2,670
Total current assets 30,762 27,115 28,339
Total assets 70,225 65,835 66,087
31 December, SEK m. Note 2004 2003 2002
SHAREHOLDERS’ EQUITY AND LIABILITIES
Shareholders’ equity 14
Share capital 2,000 2,000 2,000
Restricted reserves 2,905 3,277 4,608
Total restricted equity 4,905 5,277 6,608
Unrestricted reserves 12,068 9,940 7,584
Net income 4,077 3,034 2,739
Total unrestricted equity 16,145 12,974 10,323
Total shareholders’ equity 21,050 18,251 16,931
Minority interests 5 4 58
Provisions
Provisions for pensions 15 2,499 2,274 2,225
Provisions for deferred tax liabilities 5 2,202 2,180 2,060
Other provisions 16 2,602 2,762 2,129
Total provisions 7,303 7,216 6,414
Liabilities
Long-term interest-bearing liabilities 17 19,809 20,827 22,514
Current liabilities
Current interest-bearing liabilities 17 5,804 5,380 6,933
Advance payments from customers 611 570 826
Trade creditors 4,167 3,253 3,297
Tax liabilities 1,564 1,027 241
Other current liabilities 1,997 2,059 2,103
Accrued expenses and prepaid income 18 7,915 7,248 6,770
Total current liabilities 22,058 19,537 20,170
Total shareholders’ equity and liabilities 70,225 65,835 66,087
Assets pledged and contingent liabilities
Assets pledged 19 67 175 191
Contingent liabilities 20 326 483 413
Net debt, excluding
provisions for pensions, SEK m. 23,115 24,291 25,108
Net debt/equity ratio 1.10 1.33 1.48
For definitions of key financial ratios, see page 83.
Equity/assets ratio, % 30.0 27.7 25.6
Equity per share, SEK 105.25 91.26 84.66
Capital employed, SEK m. 49,167 46,736 48,661
BALANCE SHEET • SCANIA ANNUAL REPORT 2004 50