Cash Flow

Cash flow
MSEK2018201720162015201420132012201120102009
Operating activities:
Income after financial items1,7962,0991,6111,7311,5239792,0032,783776976
Transferred to and establishment of pension fund--------132-147-190
Adjustment for items not affecting cash flows1,8081,4791,2266887231,2241,0821412,3171,835
Divident from associated companies and joint ventures392616252-----
Income tax paid-479-272-120-266-394-368-574-450-196-183
Cash flow from operating activities before changes in working capital3,1643,3322,7332,1781,8541,8352,5112,3422,7502,438
Cash flow from changes in working capital:
Contract assets and liabilities-3,039-7185,092-2,800-868-1,564-6035121,222-1,520
Inventories-1,057-972-1,329349-856-147-199-243586-401
Other current receivables-1,044925-2,540511-6433-178-275921,676
Other current liabilities1,965704521426-243-542-672438-366-236
Provisions-479-107-323-306-536-277-509-630-297-261
Cash flow from operating activities-4903,1644,154358-713-6623502,3924,4871,696
Investing activities:
Investments in intangible fixed assets-198-193-98-70-68-44-51-26-70-14
Capitalised development costs-1,140-871-784-524-171-24-292-15-47-67
Investments in tangible fixed assets-1,481-1,093-807-799-732-543-328-325-262-197
Investments in lease assets-------1-1-2-3
Sales and disposals of tangible fixed assets232527715461023119
Sale of lease assets----1058131230165130
Investments in and sales of short-term investments-4,55463-1,525-1,7227201,936585-2,967-993-551
Dividend from joint ventures-----430----
Investments in financial assets-48-30-169-368--238---6-
Sale of financial assets621042522640-26306224
Investments in operations15-170-49-221152-68-568-1,135--68
Sale of subsidiaries33-77312299-1741,26416111
Cash flow from investing activities-7,288-2,165-3,303-3,1593601,576-133-2,575-1,143-526
Financing activities:
Repayments of loans-967-1,301-582-1,865-468-1,100-19-50-1,950-279
Raising of loans3,8201,7007324,7581,000845----
Rights issue5,967---------
Repurchase of shares-203----252----80-110
Dividend paid to Parent Company's shareholders-588-559-530-501-479-477-474-367-237-187
Dividend paid to non-controlling interest-24-4-5-10-5-1----
Transactions with non-controlling interest-14-15------6
Cash flow from financing activities7,991-164-3702,382-204-733-493-417-2,267-570
Cash flow for the year213835481-419-557181-276-6001,077600
Liquid assets at beginning of year2,2021,4028501,2841,7641,6161,9182,5441,463822
Exchange rate difference in liquid assets36-3571-1577-33-26-26441
Liquid assets at year-end2,4512,2021,4028501,2841,7641,6161,9182,5441,463