AB Volvo won tax case in County Administrative Court
12/17/2008 8:00 AM EST
The County Administrative Court in Göteborg, Sweden has ruled in AB Volvo’s favor in a tax case pertaining to a deduction claimed in 2003 related to a loss on a receivable due from the British subsidiary BRS. The ruling will result in AB Volvo reporting a positive tax effect of about SEK 180 M plus interest, a total of about SEK 200 M.
The positive effect on earnings will be recognized in AB Volvo’s accounts for the fourth quarter of 2008.
December 17, 2008
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AB Volvo (publ) may be required to disclose the information provided herein pursuant to the Securities Markets Act. The information was submitted for publication at 14.00 p.m. CET, December 17, 2008.