Consolidated cash flow statement CF

 

 

2021

 

2020

 

2019

 

Note

SEKm

EURm1)

 

SEKm

EURm1)

 

SEKm

EURm1)

Operating activities

 

 

 

 

 

 

 

 

 

IS Operating profit

 

13,199

1,302

 

16,758

1,600

 

14,349

1,357

T:1 Adjustment for non-cash items

 

7,212

711

 

7,812

746

 

8,193

774

Operating profit excluding non-cash items

 

20,411

2,013

 

24,570

2,346

 

22,542

2,131

Interest paid

 

–724

–71

 

–872

–83

 

–1,010

–95

Interest received

 

91

9

 

101

10

 

105

10

Other financial items

 

–39

–4

 

–205

–20

 

–420

–40

Change in liabilities relating to restructuring programs, etc.

 

–594

–59

 

–1,048

–100

 

–1,095

–104

Paid tax

B5

–3,634

–358

 

–3,917

–374

 

–1,130

–107

Cash flow from operating activities before changes in working capital

 

15,511

1,530

 

18,629

1,779

 

18,992

1,795

Cash flow from changes in working capital

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in

 

 

 

 

 

 

 

 

 

Inventories

 

–1,047

–103

 

–2,207

–211

 

–194

–18

Operating receivables

 

–2,084

–206

 

53

5

 

–1,949

–184

Operating liabilities

 

2,287

226

 

1,344

128

 

2,502

237

Cash flow from operating activities

 

14,667

1,447

 

17,819

1,701

 

19,351

1,830

 

 

 

 

 

 

 

 

 

 

Investing activities

 

 

 

 

 

 

 

 

 

Acquisitions of Group companies and other operations

F6

–4,427

–437

 

–668

–64

 

–143

–14

Divestments of Group companies and other operations

F6

16

2

 

65

6

 

5

0

T:2 Investments in intangible assets and property, plant and equipment

 

–7,301

–720

 

–6,587

–629

 

–5,908

–559

T:2 Paid interest capitalized in intangible assets and property, plant and equipment

 

–57

–6

 

–20

–2

 

–39

–4

Sale of property, plant and equipment

 

54

5

 

169

16

 

239

23

Loans granted to external parties

 

–418

–41

 

–54

–5

 

–62

–6

Cash flow from investing activities

 

–12,133

–1,197

 

–7,095

–678

 

–5,908

–560

 

 

 

 

 

 

 

 

 

 

Financing activities

 

 

 

 

 

 

 

 

 

Private placement to non-controlling interests

 

25

2

 

64

6

 

4

0

Acquisition of non-controlling interests

F6

–5,961

–588

 

 

Proceeds from borrowings

 

19,444

1,918

 

6,474

618

 

2,448

231

Repayment of borrowings

 

–12,003

–1,184

 

–10,100

–964

 

–11,708

–1,107

Dividend to non-controlling interests

 

–571

–56

 

–423

–40

 

–336

–32

EQ Dividend

 

–4,741

–468

 

–4,390

–419

 

–4,038

–382

Cash flow from financing activities

 

–3,807

–376

 

–8,375

–799

 

–13,630

–1,290

Cash flow for the period

 

–1,273

–126

 

2,349

224

 

–187

–20

Cash and cash equivalents, January 12)

 

4,982

497

 

2,928

281

 

3,008

293

Translation differences in cash and cash equivalents

 

195

11

 

–295

–8

 

107

8

Cash and cash equivalents, December 312)

E2

3,904

382

 

4,982

497

 

2,928

281

1) Translation to EUR is provided for the convenience of the reader.
    The following average exchange rates were used:

 

 

10.14

 

 

10.47

 

 

10.58

2) Translation to EUR is provided for the convenience of the reader.
    The following closing exchange rates were used:

 

 

10.23

 

 

10.03

 

 

10.43

For information about the Group’s liquidity reserve, refer to the Risk and risk management section.

T:1 Adjustment for non-cash items

SEKm

2021

2020

2019

Depreciation/amortization and impairment of non-current assets

7,391

7,671

7,529

Gain/loss on sale of assets

13

–44

24

Gain/loss on divestment and liquidation

21

–69

160

Non-cash items relating to efficiency program

–43

–19

128

Impact from settlement of pension liability

–187

Revaluation of previously owned shares upon acquisition

–706

Change in liability for ongoing competition case

–54

Change in provision for tax of a non-recurring nature on non-current assets

–20

Other

610

460

352

Total

7,212

7,812

8,193

T:2 Investments in intangible assets and property, plant and equipment including paid capitalized interest

SEKm

2021

2020

2019

Measures to raise the capacity level of operations (Strategic capital expenditures)

–2,860

–2,675

–1,431

Measures to uphold capacity level (Current capital expenditures)

–4,498

–3,932

–4,516

Total

–7,358

–6,607

–5,947