Update on the Volvo Group’s Financial Reporting 2020

GĂ–TEBORG, Sweden, April 7, 2020 /PRNewswire/ — In accordance with accounting standard IFRS 5, the UD Trucks global business was on December 31, 2019 reclassified as assets and liabilities held for sale. As a consequence, depreciation of these tangible and intangible assets will cease,…

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