Content
4 Our Products
6 Our Vision
7 Summary
8 President's Letter
10 Creating Shareholder Value
14 Research & Development
16 Human Resources
18 Corporate Social Responsibility
20 Quality
Formal Annual Report
21 Management's Discussion and Analysis
32 Management's Reports
33 Consolidated Statements of Income
34 Consolidated Balance Sheets
35 Consolidated Statements of Cash Flows
36 Consolidated Statements of Shareholders' Equity
37 Notes to Consolidated Financial Statements
51 Auditors' Reports
52 Corporate Governance, Board and Management
56 Around the World
58 The Autoliv Share
60 Analysts, Definitions and Contacts
61 Multi-year Summary
Financial Information and Filings
This annual report, together with the proxy statement is distributed to all Autoliv Inc. shareholders of record as of March 7, 2006, the record date for the 2006 Annual General Meeting. The proxy statement provides information on not only the agenda for the meeting but also on the work of the Board and its committees, compensation paid to and presentation of directors and certain senior managers.
Please also refer to the Form 10-K and Form 10-Q reports and Autoliv's other filings with the Securities and Exchange Commission (SEC) and the New York Stock Exchange (NYSE). These filings (including the CEO/CFO Section 302 Certifications, Section 16 Insider Filings, and the 2005 CEO Certification to the NYSE) are available at www.autoliv.com under Financial Info/Filings and at www.sec.gov.
Autoliv's Corporate Governance Guidelines, Charters, Codes of Ethics and other documents governing the Company can also be downloaded from the Company's corporate website.
Autoliv's financial reports, press releases, proxy statements and other general information on the Company are published both in English and Swedish. All documents can be obtained free of charge from the Company at the addresses on page 60.
Reader's Guide
As a U.S. company incorporated in Delaware, Autoliv follows Generally Accepted Accounting Principles in the United States (U.S. GAAP) and all amounts are in U.S. dollars unless otherwise indicated.
This annual report also contains some non-U.S. GAAP measures. Manage-ment believes that these non-U.S. GAAP measures may assist investors in analyzing trends in the Company's business. Investors should consider these non-U.S. GAAP measures in addition to, rather than as a substitute for, financial reporting measures prepared in accordance with U.S. GAAP.
Data on markets and competitors are Autoliv's estimates that are based on orders awarded to us or our competitors. The estimates are also based on plans announced by vehicle manufacturers or regulatory agencies.
We", the Company" and Autoliv" refer to Autoliv Inc." as defined in Note 1 Principles of Consolidation" on page 37.
For forward-looking information, refer to the Safe-Harbor Statement" on page 27.
Financial CALENDAR
1st quarterApril 27, 2006
2nd quarterJuly 26, 2006
3rd quarterOctober 26, 2006
4th quarterFebruary, 2007
Annual Report March, 2007