Consolidated operating cash flow statement, supplementary disclosure OCF
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|
2019 |
|
2018 |
|
2017 |
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|
Note |
SEKm |
EURm1) |
|
SEKm |
EURm1) |
|
SEKm |
EURm1) |
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|
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IS Net sales |
|
128,975 |
12,193 |
|
118,500 |
11,565 |
|
109,265 |
11,343 |
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Operating expenses |
|
–106,416 |
–10,060 |
|
–100,165 |
–9,776 |
|
–90,867 |
–9,433 |
||||
Operating surplus |
|
22,559 |
2,133 |
|
18,335 |
1,789 |
|
18,398 |
1,910 |
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Adjustment for non-cash items |
|
373 |
35 |
|
235 |
23 |
|
67 |
7 |
||||
Operating cash surplus |
|
22,932 |
2,168 |
|
18,570 |
1,812 |
|
18,465 |
1,917 |
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|
|
|
|
|
|
|
|
|
|
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Change in |
|
|
|
|
|
|
|
|
|
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Inventories |
|
–194 |
–18 |
|
–1,017 |
–99 |
|
–1,703 |
–177 |
||||
Operating receivables |
|
–1,949 |
–184 |
|
–344 |
–34 |
|
1,522 |
158 |
||||
Operating liabilities |
|
2,502 |
237 |
|
390 |
38 |
|
–559 |
–58 |
||||
Change in working capital |
|
359 |
35 |
|
–971 |
–95 |
|
–740 |
–77 |
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Investments in non-current assets, net |
|
–5,707 |
–540 |
|
–6,781 |
–660 |
|
–6,012 |
–624 |
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Restructuring costs, etc. |
|
–1,494 |
–141 |
|
–918 |
–90 |
|
–1,091 |
–113 |
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Operating cash flow before investments in operating assets through leases |
|
16,090 |
1,522 |
|
9,900 |
967 |
|
10,622 |
1,103 |
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Investments in operating assets through leases |
|
–451 |
–43 |
|
– |
– |
|
– |
– |
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Operating cash flow |
|
15,639 |
1,479 |
|
9,900 |
967 |
|
10,622 |
1,103 |
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Financial items |
–1,309 |
–124 |
|
–1,157 |
–113 |
|
–1,182 |
–123 |
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Income taxes paid |
–1,130 |
–107 |
|
–2,466 |
–241 |
|
–2,971 |
–308 |
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Other |
|
8 |
1 |
|
86 |
8 |
|
175 |
18 |
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Cash flow from current operations |
|
13,208 |
1,249 |
|
6,363 |
621 |
|
6,644 |
690 |
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Acquisitions of Group companies and other operations |
–143 |
–13 |
|
–694 |
–68 |
|
–26,045 |
–2,704 |
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Divestments of Group companies and other operations |
220 |
21 |
|
68 |
7 |
|
29 |
3 |
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Cash flow from acquisitions and divestments |
|
77 |
8 |
|
–626 |
–61 |
|
–26,016 |
–2,701 |
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Cash flow before transactions with shareholders |
|
13,285 |
1,257 |
|
5,737 |
560 |
|
–19,372 |
–2,011 |
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Private placement to non-controlling interests |
|
4 |
0 |
|
5 |
0 |
|
28 |
3 |
||||
Dividend to non-controlling interests |
–336 |
–32 |
|
–397 |
–39 |
|
–285 |
–30 |
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Dividend |
–4,038 |
–382 |
|
–4,038 |
–394 |
|
– |
– |
|||||
Transactions with shareholders |
|
– |
– |
|
– |
– |
|
838 |
87 |
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Net cash flow |
|
8,915 |
843 |
|
1,307 |
127 |
|
–18,791 |
–1,951 |
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|
2019 |
|
2018 |
|
2017 |
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Net debt |
SEKm |
EURm |
|
SEKm |
EURm |
|
SEKm |
EURm |
||||
|
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Net debt, January 12) |
–54,404 |
–5,294 |
|
–52,467 |
–5,332 |
|
–35,173 |
–3,680 |
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Changed opening balance for net debt due to IFRS 16 Leases1) |
–3,786 |
–358 |
|
– |
– |
|
– |
– |
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Net cash flow1) |
8,915 |
843 |
|
1,307 |
127 |
|
–18,791 |
–1,951 |
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Remeasurements to equity1) |
488 |
46 |
|
–1,041 |
–102 |
|
1,061 |
110 |
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Investments in non-operating assets through leases1) |
–434 |
–41 |
|
– |
– |
|
– |
– |
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Translation differences |
–1,719 |
–82 |
|
–2,203 |
13 |
|
436 |
189 |
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Net debt, December 312) |
–50,940 |
–4,886 |
|
–54,404 |
–5,294 |
|
–52,467 |
–5,332 |
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Comments on the consolidated operating cash flow statement
As of 2019, strategic capital expenditures are recognized together with current capital expenditures and are included in Investments in non-current assets, net. Previously, strategic capital expenditures were recognized below Cash flow from current operations together with acquisitions and divestments. The effect of the restatement of comparative periods entailed a decrease in Operating cash flow and Cash flow from current operations of SEK 2,424m for full-year 2018 and SEK 2,101m for full-year 2017. Net cash flow is unchanged for periods in the preceding year. Investments in operating assets through leases are recognized separately and a subtotal for operating cash flow before these investments has been introduced into the Operating cash flow statement. Investments in non-operating assets through leases do not constitute part of operating cash flow but are instead recognized as a change in net debt. The initial effect of the transition to IFRS 16 is also recognized on a line in change in net debt.