Below are the financial statements of Volvo Car, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in billions of SEK | 2024 | 2023 |
|---|---|---|
| Revenue | 400.23a | 399.34a |
| Cost of sales | -320.82a | -321.92a |
| Gross income | 79.41a | 77.43a |
| Research and development expenses | -16.98a | -12.88a |
| Selling expenses | -25.41a | -26.06a |
| Administrative expenses | -12.04a | -12.54a |
| Other operating income and expenses | 2.06a | -0.38a |
| Share of income in joint ventures and associates | -4.72a | -5.63a |
| Operating income | 22.32a | 19.94a |
| Interest income and similar credits | 2.19a | 2.5a |
| Interest expenses and similar charges | -1.16a | -0.77a |
| Other financial income and expenses | -0.63a | -0.8a |
| Income before tax | 22.72a | 20.86a |
| Income tax | -6.79a | -6.79a |
| Net income | 15.93a | 14.07a |
| Net income attributable to owners of the parent company | 15.4a | 13.05a |
| Non-controlling interests | 0.53a | 1.01a |
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