Consolidated operating cash flow statement, supplementary disclosure OCF

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		2021		2020		2019
	Note	SEKm	EURm¹⁾	SEKm	EURm¹⁾	SEKm	EURm¹⁾
IS Net sales		121,867	12,017	121,752	11,626	128,975	12,193
Operating expenses		–101,885	–10,047	–97,555	–9,315	–106,416	–10,060
Operating surplus		19,982	1,970	24,197	2,311	22,559	2,133
Adjustment for non-cash items		489	49	456	43	373	35
Operating cash surplus		20,471	2,019	24,653	2,354	22,932	2,168
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
Change in working capital		–844	–83	–810	–78	359	35
Investments in non-current assets, net		–7,304	–720	–6,439	–615	–5,707	–540
Restructuring costs, etc.		–725	–72	–977	–93	–1,494	–141
Operating cash flow before investments in operating assets through leases		11,598	1,144	16,427	1,568	16,090	1,522
Investments in operating assets through leases		–480	–48	–409	–39	–451	–43
Operating cash flow		11,118	1,096	16,018	1,529	15,639	1,479
Financial items	E7	–662	–65	–958	–91	–1,309	–124
Income taxes paid	B5	–3,634	–358	–3,917	–374	–1,130	–107
Other		72	7	32	3	8	1
Cash flow from current operations		6,894	680	11,175	1,067	13,208	1,249
Acquisitions of Group companies and other operations	F6	–11,813	–1,165	–747	–71	–143	–13
Divestments of Group companies and other operations	F6	13	1	367	35	220	21
Cash flow from acquisitions and divestments		–11,800	–1,164	–380	–36	77	8
Cash flow before transactions with shareholders		–4,906	–484	10,795	1,031	13,285	1,257
Private placement to non-controlling interests		25	2	64	6	4	0
Dividend to non-controlling interests		–571	–56	–423	–40	–336	–32
EQ Dividend		–4,741	–467	–4,390	–419	–4,038	–382
Net cash flow		–10,193	–1,005	6,046	578	8,915	843
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

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	2021		2020		2019
Net debt	SEKm	EURm	SEKm	EURm	SEKm	EURm
Net debt, January 1²⁾	–42,688	–4,257	–50,940	–4,886	–54,404	–5,294
Changed opening balance for net debt due to IFRS 16 Leases¹⁾	–	–	–	–	–3,786	–358
Net cash flow¹⁾	–10,193	–1,005	6,046	578	8,915	843
Remeasurements to equity¹⁾	–147	–15	–199	–19	488	46
Investments in non-operating assets through leases¹⁾	–385	–38	–399	–38	–434	–41
Translation differences	–2,020	–104	2,804	108	–1,719	–82
Net debt, December 31²⁾	–55,433	–5,419	–42,688	–4,257	–50,940	–4,886
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