Scania annual report 2004

Multi-year statistical review
SEK m. unless otherwise stated 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994
Sales revenue by market area
Western Europe 39,697 38,252 36,127 36,732 36,489 33,249 28,962 23,102 21,009 21,715 14,880
Central and eastern Europe 5,026 4,067 3,139 2,624 1,826 1,330 1,814 1,398 827 732 266
America 5,655 3,836 3,542 5,576 5,529 4,247 5,974 6,798 4,800 5,742 6,109
Asia 3,997 3,936 3,123 2,898 2,390 1,118 1,018 1,932 1,740 1,904 1,504
Other markets 3,404 2,896 2,529 2,364 2,050 1,784 1,907 1,857 1,578 1,623 1,329
Revenue deferral 1 – 991 – 2,406 – 1,175 – 1,884 – 2,425 – 3,066 – 2,166 – 1,783 – 1,160 – 568 –
Total, Scania products 56,788 50,581 47,285 48,310 45,859 38,662 37,509 33,304 28,794 31,148 24,088
Divested car operations 2 – – – 4,755 5,539 5,382 5,637 4,632 3,776 3,124 2,560
Total 56,788 50,581 47,285 53,065 51,398 44,044 43,146 37,936 32,570 34,272 26,648
Operating income
Vehicles and Service 5,887 4,759 3,548 2,089 4,623 4,655 3,251 2,716 2,787 5,011 3,731
Customer Finance 450 366 308 278 179 140 91 73 55 98 5
Divested car operations 2 – – 550 100 277 250 250 258 215 243 173
Total 6,337 5,125 4,406 2,467 5,079 5,045 3,592 3,047 3,057 5,352 3,909
Operating margin, percent
Vehicles and Service 10.4 9.4 7.5 4.3 10.1 12.0 8.7 8.2 9.7 16.1 15.5
Divested car operations 2 – – – 2.1 5.0 4.6 4.4 5.6 5.7 7.8 6.8
Total 11.2 10.1 9.3 4.6 9.9 11.5 8.3 8.0 9.4 15.6 14.7
Net financial items – 323 – 521 – 684 – 926 – 630 – 545 – 378 – 296 – 351 – 505 – 223
Net income 4,077 3,034 2,739 1,048 3,080 3,146 2,250 1,943 1,981 3,280 2,556
Research and development expenditures 3 – 2,219 – 2,151 – 2,010 – 1,955 – 1,621 – 1,267 – 1,168 – 1,248 – 1,084 – 923 – 805
Gross capital expenditure for fixed assets
excluding lease assets 2,736 3,196 3,025 1,980 1,825 1,876 2,026 2,566 2,579 2,182 2,149
Inventory turnover rate, times 4 6.0 5.8 6.1 6.0 6.2 5.6 5.3 5.3 5.7 6.6 6.5
1 Refers to the difference between sales recognised as revenue and sales value based on delivery.
2 Swedish car operations were divested as per 1 January 2002.
3 Beginning in 2002, includes capitalised development expenditures: SEK 316 m. in 2004, SEK 669 m. in 2003 and SEK 573 m. in 2002, as well as amortisation carried out on capitalisation, amounting to SEK 84 m. in 2004 and SEK 2 m. in 2003.
4 Calculated as sales revenue divided by average inventory (adjusted for divested car operations).
MULTI-YEAR STATISTICAL REVIEW • SCANIA ANNUAL REPORT 2004 84