Scania annual report 2002

NOTE 8 Intangible fixed assets
Product
Goodwill development
Carrying amount, 1 Jan 2000 681
Change in accumulated
acquisition value, 2000 79
Change in accumulated
amortisation, 2000 –215
Carrying amount, 1 Jan 2001 545
Change in accumulated
acquisition value, 2001 1,022
Change in accumulated
amortisation, 2001 –203
Carrying amount, 31 Dec 2001 1,364
Software
2002
Accumulated acquisition value
1 January 1,782
Acquisitions/divestments
of businesses 156 – –
New acquisitions 12 573 56
Divestments and disposals – – –1
Reclassifications – – 111
Exchange rate differences –90 – –1
Total 1,860 573 165
Accumulated amortisation
1 January 418
Divestments of businesses – – –
Amortisation for the year
– Vehicles and Service 215 – 22
– Customer Finance operations – – 3
Divestments and disposals – – –1
Reclassifications – – 24
Exchange rate differences –21 – 0
Total 612 – 48
Carrying amount, 31 December1,248 573 117
In 2002, recommendation RR15 of the Swedish Financial
Accounting Standards Council entered into force. As a consequence
of this, the Scania Group capitalised the portion of its
expenditures for research and development which arise during the
development phase. During the year, the Scania Group’s
expenditures for research and development totalled SEK 2,010 m.
Of this, SEK 1,437 m. was expensed during the year and SEK 573
m. was capitalised. Capitalised amounts are amortised only when
the asset is placed in service. Since all the capitalised assets are
still in the development phase, no amortisation occurred during the
year. The recommendation also includes software development. In
prior years, capitalised software was reported under Note 9, “Tangible
fixed assets”. The recommendation does not allow retroactive
application.
Of the reported value of capitalised software, SEK 0 m. is related
to internally developed assets.
NOTE 9 Tangible fixed assets
Construction Assets
Buildings Machinery in progress in
and and and advance operating
land equipment payments leases 1
Carrying amount, 1 Jan 2000 6,039 6,828 991 6,431
Change in accumulated
acquisition value, 2000 473 1,719 –259 2,239
Change in accumulated
depreciation, 2000 –250 –1,596 – – 648
Carrying amount,
31 December 2000 6,262 6,951 732 8,022
Change in accumulated
acquisition, 2001 1,715 1,238 362 4,870
Change in accumulated
depreciation value, 2001 – 614 –1,611 – –2,213
Carrying amount,
31 December 2001 7,363 6,578 1,094 10,679
2002
Accumulated acquisition
1 January 10,953 19,539 1,094 15,566
Acquisition/divestments
of businesses –475 47 –3 –1
New acquisitions 271 721 1,404 4,295
Divestments and disposals –179 –613 – –4,798
Reclassifications 350 670 –1,101 63
Exchange rate differences
for the year – 478 –1,101 –36 –802
Total 10,442 19,263 1,358 14,323
Construction Assets
Buildings Machinery in progress in
and and and advance operating
land equipment payments leases 1
Accumulated depreciation
1 January 3,621 12,961 4,733
Divestments of businesses –166 61 –16
Depreciation for the year
– Vehicles and Service 354 1,502 549
– Customer Finance operations 0 10 1,977
Divestments and disposals – 44 –507 –2,344
Reclassifications 1 –24 30
Exchange rate differences
for the year –153 –691 –224
Total 3,613 13,312 4,705
Accumulated revaluations
1 January 33 – –
Reversal of revaluation –2 – –
Total 31 – –
Accumulated write-downs 2
1 January 2 – 154
Reversal of write-down 3 –2 – –7
Total 0 – 147
Carrying amount,
31 December 6,860 5,951 1,358 9,471
– of which “Machinery” 4,999
– of which “Equipment” 952
Tax assessment value,
buildings (in Sweden) 920
equivalent carrying amount 2,243
Tax assessment value,
land (in Sweden) 305
equivalent carrying amount 401
Firm obligations pertaining to leasing of premises are
distributed as follows: 2008
and
2002 2003 2004 2005 2006 2007 later
124 118 100 89 86 82 526
1 Including assets for short-term leasing and assets that were capitalised due to
repurchase obligations.
2 Write-downs of assets in operating leases refer to value adjustment for possible
credit losses.
3 Related to adjustment of prior years.
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