Consolidated cash flow statement CF
|
|
2017 |
|
2016 |
|
2015 |
|||||||
Group |
Note |
SEKm |
EURm1) |
|
SEKm |
EURm1) |
|
SEKm |
EURm1) |
||||
|
|||||||||||||
Operating activities |
|
|
|
|
|
|
|
|
|
||||
IS Profit before tax |
|
10,723 |
1,113 |
|
8,173 |
864 |
|
8,856 |
947 |
||||
T:1 Adjustment for non-cash items |
|
5,717 |
594 |
|
6,791 |
718 |
|
4,635 |
496 |
||||
|
|
16,440 |
1,707 |
|
14,964 |
1,582 |
|
13,491 |
1,443 |
||||
Paid tax |
–2,971 |
–308 |
|
–3,782 |
–400 |
|
–2,194 |
–235 |
|||||
Cash flow from operating activities before changes in working capital |
|
13,469 |
1,399 |
|
11,182 |
1,182 |
|
11,297 |
1,208 |
||||
Cash flow from changes in working capital |
|
|
|
|
|
|
|
|
|
||||
Change in |
|
|
|
|
|
|
|
|
|
||||
Inventories |
|
–1,703 |
–177 |
|
1,059 |
112 |
|
–1,407 |
–150 |
||||
Operating receivables |
|
1,522 |
158 |
|
–298 |
–31 |
|
–1,029 |
–110 |
||||
Operating liabilities |
|
–559 |
–58 |
|
835 |
88 |
|
1,919 |
205 |
||||
Cash flow from operating activities |
|
12,729 |
1,322 |
|
12,778 |
1,351 |
|
10,780 |
1,153 |
||||
Investing activities |
|
|
|
|
|
|
|
|
|
||||
Company acquisitions |
–13,070 |
–1,357 |
|
–4,416 |
–467 |
|
–72 |
–8 |
|||||
Divestments |
29 |
3 |
|
369 |
39 |
|
49 |
5 |
|||||
T:2 Investments in intangible assets and property, plant and equipment |
|
–6,160 |
–640 |
|
–6,339 |
–670 |
|
–5,679 |
–607 |
||||
Sale of property, plant and equipment |
|
152 |
16 |
|
83 |
9 |
|
207 |
22 |
||||
Loans granted to external parties |
|
–287 |
–30 |
|
– |
– |
|
– |
– |
||||
Repayment of loans from external parties |
|
– |
– |
|
184 |
19 |
|
186 |
20 |
||||
Sale of securities |
|
– |
– |
|
– |
– |
|
2,046 |
219 |
||||
Cash flow from investing activities |
|
–19,336 |
–2,008 |
|
–10,119 |
–1,070 |
|
–3,263 |
–349 |
||||
Financing activities |
|
|
|
|
|
|
|
|
|
||||
Private placement to non-controlling interests |
|
28 |
3 |
|
435 |
46 |
|
– |
– |
||||
Acquisition of non-controlling interests |
|
–2 |
– |
|
– |
– |
|
–11 |
–1 |
||||
Change, receivable from Group companies |
|
952 |
99 |
|
10,403 |
1,100 |
|
–382 |
–41 |
||||
Loans raised |
|
31,037 |
3,222 |
|
16,148 |
1,708 |
|
11,100 |
1,187 |
||||
Amortization of debt |
|
–25,982 |
–2,697 |
|
–15,614 |
–1,651 |
|
–14,657 |
–1,568 |
||||
Dividend to non-controlling interests |
|
–285 |
–30 |
|
–190 |
–20 |
|
–216 |
–23 |
||||
Dividend |
|
– |
– |
|
– |
– |
|
– |
– |
||||
Transactions with shareholders |
|
838 |
87 |
|
–14,571 |
–1,541 |
|
–2,225 |
–238 |
||||
Cash flow from financing activities |
|
6,586 |
684 |
|
–3,389 |
–358 |
|
–6,391 |
–684 |
||||
Cash flow for the period |
|
–21 |
–2 |
|
–730 |
–77 |
|
1,126 |
120 |
||||
Cash and cash equivalents, January 12) |
|
4244 |
444 |
|
4,828 |
529 |
|
3,806 |
399 |
||||
Exchange differences in cash and cash equivalents |
|
–116 |
–25 |
|
146 |
–8 |
|
–104 |
10 |
||||
Cash and cash equivalents, December 312) |
4,107 |
417 |
|
4,244 |
444 |
|
4,828 |
529 |
|||||
For the Group’s liquidity reserve, refer to the Risk and risk management section.
SEKm |
2017 |
2016 |
2015 |
Depreciation/amortization and impairment of non-current assets |
6,110 |
5,701 |
5,606 |
Gain on asset sales and swaps |
8 |
51 |
22 |
Gain/loss on sale of securities |
– |
– |
–970 |
Gain/loss on divestments |
–17 |
–149 |
– |
Unpaid relating to efficiency program |
3 |
578 |
180 |
Payments relating to efficiency program already recognized |
–435 |
–196 |
–274 |
Revaluation of previous share upon acquisition |
–72 |
– |
– |
Provision for ongoing competition case |
– |
813 |
– |
Provision for tax of a non-recurring nature relating to non-current assets |
459 |
– |
– |
Reversal of provision for ongoing competition case |
–248 |
– |
– |
Other |
–91 |
–7 |
71 |
Total |
5,717 |
6,791 |
4,635 |
SEKm |
2017 |
2016 |
2015 |
Measures to raise the capacity level of operations (Strategic capital expenditures) |
–2,101 |
–2,033 |
–2,179 |
Measures to uphold capacity level (Current capital expenditures) |
–4,064 |
–4,306 |
–3,500 |
Investments through finance leases |
5 |
– |
– |
Total |
–6,160 |
–6,339 |
–5,679 |
Interest paid, SEKm |
2017 |
2016 |
2015 |
Interest paid |
–845 |
–879 |
–1,135 |
Interest, Group companies |
– |
106 |
130 |
Interest received |
156 |
78 |
56 |
Total |
–689 |
–695 |
–949 |