Cash Flow

Cash flow
MSEK201520142013201220112010200920082007200620052004
Operating activities:
Income after financial items1,7311,5239792,0032,783776976-4062,4491,6931,5511,712
Transferred to and establishment of pension fund-----132-147-190-408-283-2,566-200-550
Adjustment for items not affecting cash flows7137251,2241,0821412,3171,8353,0688671,4541,2421,130
Income tax paid-266-394-368-574-450-196-183-182-216-115-110-26
Cash flow from operating activities before changes in working capital2,1781,8541,8352,5112,3422,7502,4382,0722,8174662,4832,266
Cash flow from changes in working capital:
Increase(-)/Decrease(+) in inventories349-856-147-199-243586-401-27-644-767356-306
Increase(-)/Decrease(+) in current receivables-3,573-282-1,346707-968551,927312-1,605-1,700-43573
Increase(+)/Decrease(-) in advance payments from customers28421278-459409194-485-1,618-934-853481-1,126
Increase(+)/Decrease(-) in lease obligations--------220-251-832-1,022-418
Increase(+)/Decrease(-) in other current liabilities1,426-914-1,005-1,701610399-1,522708-2872,290417-135
Increase(+)/Decrease(-) in provisions-306-536-277-509-630-297-261-273-443-201-331-330
Cash flow from operating activities358-713-6623502,3924,4871,696954-1,347-1,5972,341524
Investing activities:
Investments in intangible fixed assets-70-68-44-51-26-70-14-1-8-67-1-1
Capitalised development costs-524-171-24-292-15-47-67-635-658-463-292-419
Investments in tangible fixed assets-799-732-543-328-325-262-197-386-395-433-296-348
Investments in lease assets----1-1-2-3----109-7
Sale of intangible fixed assets-----------3
Sales and disposals of tangible fixed assets71546102311941453137113
Sale of lease assets-105813123016513021232582379948
Sale of and investments in short-term investments-1,7227201,936585-2,967-993-551-----
Dividend from joint ventures-354-430---------
Sale of and investments in other financial assets22240-23826306-6224-58-3104,606-1,59865
Investments in operations and associated companies, net effect on liquidity-235152-68-568-1,135--68--515-3,403-293-6
Sale of subsidiaries and associated companies, net effect on liquidity316299-1741,26416111443970219257190
Cash flow from investing activities-3,1593601,576-133-2,575-1,143-526-384-5461,313-1,496-362
Financing activities:
Repayments of loans-1,865-468-1,100-19-50-1,950-279----36-
Raising of loans4,7581,000845----852,017630-238
Repurchase of shares--252----80-110-209-184---
Dividend paid to Parent Company's shareholders-501-479-477-474-367-237-187-487-464-437-409-373
Dividend paid to non-controlling interest-10-5-1------2-4-4-
Contributions from non-controlling interest------610----
Cash flow from financing activities2,382-204-733-493-417-2,267-570-6011,367189-449-135
Cash flow for the year-419-557181-276-6001,077600-31-526-9539627
Liquid assets at beginning of year1,2841,7641,6161,9182,5441,4638228581,3891,5571,1291,091
Exchange rate difference in liquid assets-1577-33-26-26441-5-5-733211
Liquid assets at year-end8501,2841,7641,6161,9182,5441,4638228581,3891,5571,129
Financials for 2013 are restated according to the changed accounting principles for joint arrangements (IFRS 11).
Financials for 2012 are restated according to the changed accounting principles for pensions (IAS 19).
Financials for 2004 are restated according to IFRS.