Cash Flow

Cash flow
MSEK2016201520142013201220112010200920082007
Operating activities:
Income after financial items1,6111,7311,5239792,0032,783776976-4062,449
Transferred to and establishment of pension fund------132-147-190-408-283
Adjustment for items not affecting cash flows1,2266887231,2241,0821412,3171,8353,068867
Divident from associated companies and joint ventures16252-------
Income tax paid-120-266-394-368-574-450-196-183-182-216
Cash flow from operating activities before changes in working capital2,7332,1781,8541,8352,5112,3422,7502,4382,0722,817
Cash flow from changes in working capital:
Increase(-)/Decrease(+) in inventories-1,329349-856-147-199-243586-401-27-644
Increase(-)/Decrease(+) in current receivables-1,129-3,573-282-1,346707-968551,927312-1,605
Increase(+)/Decrease(-) in advance payments from customers4,02528421278-459409194-485-1,618-934
Increase(+)/Decrease(-) in lease obligations---------220-251
Increase(+)/Decrease(-) in other current liabilities1771,426-914-1,005-1,701610399-1,522708-287
Increase(+)/Decrease(-) in provisions-323-306-536-277-509-630-297-261-273-443
Cash flow from operating activities4,154358-713-6623502,3924,4871,696954-1,347
Investing activities:
Investments in intangible fixed assets-98-70-68-44-51-26-70-14-1-8
Capitalised development costs-784-524-171-24-292-15-47-67-635-658
Investments in tangible fixed assets-807-799-732-543-328-325-262-197-386-395
Investments in lease assets-----1-1-2-3--
Sales and disposals of tangible fixed assets277154610231194145
Sale of lease assets--1058131230165130212325
Investments in and sales of short-term investments-1,525-1,7227201,936585-2,967-993-551--
Dividend from joint ventures---430------
Sale of and investments in other financial assets-144-14240-23826306-6224-58-310
Investments in operations, net effect on liquidity-49-221152-68-568-1,135--68--515
Sale of subsidiaries, net effect on liquidity77312299-1741,26416111443970
Cash flow from investing activities-3,303-3,1593601,576-133-2,575-1,143-526-384-546
Financing activities:
Repayments of loans-582-1,865-468-1,100-19-50-1,950-279--
Raising of loans7324,7581,000845----852,017
Repurchase of shares---252----80-110-209-184
Dividend paid to Parent Company's shareholders-530-501-479-477-474-367-237-187-487-464
Dividend paid to non-controlling interest-5-10-5-1------2
Transactions with non-controlling interest15------610-
Cash flow from financing activities-3702,382-204-733-493-417-2,267-570-6011,367
Cash flow for the year481-419-557181-276-6001,077600-31-526
Liquid assets at beginning of year8501,2841,7641,6161,9182,5441,4638228581,389
Exchange rate difference in liquid assets71-1577-33-26-26441-5-5
Liquid assets at year-end1,4028501,2841,7641,6161,9182,5441,463822858
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).