Scania annual report 2001

Note 22 Items not affecting cash flow
Items not affecting cash flow 2001 2000 1999
Depreciation 2,157 1,999 1,909
Value adjustment, short-term leasing 161 44 39
Unrealised exchange rate differences –58 –66 –13
Doubtful receivables 263 61 100
Share of income of associated companies –59 –357 –326
Share of taxes of associated companies 17 115 103
Dividends from associated companies 70 98 114
Deferred tax –306 68 47
Deferred profit recognition,
operating leases –120 154 315
Other –1 –119 34
Total 2,124 1,997 2,322
Change in working capital
Interest-bearing long-term receivables 97 –32 50
Other receivables 1,876 –1,362 –2,796
Inventories 475 74 693
Provisions for pensions 153 75 –95
Advance payments from customers 185 –40 –84
Trade accounts payable –519 699 131
Other liabilities and provisions –372 170 –4
Total 1,895 –416 –2,105
Net investments excluding acquisitions/divestments of
businesses
Investments in tangible fixed assets –2,405 –1,968 –1,965
Divestments of tangible fixed assets 527 447 311
Total –1,878 –1,521 –1,654
Net investment through acquisitions/divestments of
businesses
Proceeds from sale of shares
(after subtracting liquid assets in
divested businesses) 1 –42 24 –7
Acquisitions of businesses 1 –887 –53 –1,114
Acquisitions of convertible
debenture loans 2 – –428 –
Total –929 –457 –1,121
Change in net indebtness through financing activities
Net change in short-term borrowings –782 –2,070 –134
Repayment of long-term borrowings –1,248 –190 –536
Increase in long-term borrowings 4,032 4,221 5,033
Net change in restricted deposits 117 59 68
Total 2,119 2,020 4,431
Interest and taxes paid 2001 2000 1999
Interest received during the year 294 415 382
Interest paid during the year 1,035 882 909
Taxes paid during the year 1,049 1,373 1,320
1 During 2001, Scania acquired the remaining 50 percent of its distributor in the
Netherlands as well as dealership companies in Brazil, Denmark and Lithuania.
The acquisition of the Brazilian dealerships occurred through conversion
of debenture loans. During the year, Scania sold dealerships in Finland and
Sweden. According to acquisition analyses, the value of the liabilities and
assets acquired/divested was as follows:
Acquisitions Divestments
Tangible and intangible fixed assets 1,938 –76
Inventories 634 –33
Receivables 321 –20
Liquid assets 178 –70
Borrowings 562 56
Other liabilities and provisions –1,308 110
Shares in associated companies and other companies 60 –
Gain/loss from divestments of companies – 5
Book value of previously owned holdings
in new Group company –835 –
Puchase price paid 1,550 –28
Of which, paid through conversion of debenture loans –485 –
Liquid assets in acquired/ divested companies –178 70
Impact on consolidated liquid assets
and short-term investments 887 42
2 Refers to two Brazilian dealership companies that were acquired in their
entirety in January 2001.
Note 23 Wages, salaries and other
remuneration; average number of
employees
Wages, salaries and other remuneration 2001 2000 1999
Operations in Sweden:
Boards of Directors, Presidents and
Executive Vice Presidents 44 53 35
– Of which, bonuses 17 25 6
Other employees 3,139 3,155 3,000
Operations outside Sweden:
Boards of Directors, Presidents and
Executive Vice Presidents 164 132 124
– Of which, bonuses 20 15 19
Other employees 3,949 3,288 2,525
Total 7,296 6,628 5,684
Pension costs and other
mandatory payroll fees 2,863 2,358 2,148
– Of which, pension costs 1 725 485 365
Total wages, salaries and remuneration,
pension costs and other mandatory
payroll fees 10,159 8,986 7,832
Average number of employees 2001 2000 1999
Operations in Sweden:
Average number of employees 11,943 12,060 11,440
Operations outside Sweden:
Number of countries 49 43 45
Average number of employees 15,038 13,556 11,694
Average total number of employees 26,981 25,616 23,134
Average number of
employees, by country 2001 2000 1999
Operations in Sweden 11,943 12,060 11,440
– of whom men 10,194 10,333 9,965
– of whom women 1,749 1,727 1,475
1 Of the pension cost in the consolidated financial statements, SEK 22 m.
(25 and 35, respectively) was for Boards of Directors and Presidents in the
Scania Group. At year-end, the total pension commitment was SEK 81 m.
for this category.
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