Statement of cash flows

SEKm Note 2013 2012
OPERATING ACTIVITIES


Profit before tax
468 367 1)
Adjustments for non-cash items


Reversal of depreciation and impairments
1,648 1,899
Profit from sale of subsidiaries
–1 –5
Capital gain/loss on sale of fixed assets
61 17
Change in pension liability
426 597 1)
Other provisions
402 579
Other items not affecting liquidity
0 –8
Pensions paid
–1,070 –1,081
Other provisions, liquidity effect
–428 –405
Tax paid
44 –184
Cash flows from operating activities before changes in working capital
1,550 1,776
Cash flows from changes in working capital


Increase (–)/decrease(+) in inventories
–34 27
Increase (–)/decrease(+) in accounts receivable
55 –558
Increase (+)/decrease (–) in accounts payable
56 536
Other changes in working capital
35 44
Changes in working capital
112 49
Cash flows from operating activities 28 1,662 1,825
INVESTING ACTIVITIES


Purchase of tangible fixed assets
–1,896 –1,994
Sale of tangible fixed assets
62 201
Capitalized development expenditures
–234 –301
Purchase of other intangible assets
–111 –36
Acquisition of subsidiaires, net liquidity effect 31 –336 –1,420
Sale of subsidiaires, net liquidity effect 31
46
Change in financial assets
–138 –29
Cash flows from investing activities
–2,653 –3,533
FINANCING ACTIVITIES


Amortized loans
–219 –2,137
New loans raised
400 5,419
Change in finance leasing liabilities
–61 –25
Dividend paid to parent company owners
–103 –368
Dividend paid to minority interests
–2 –2
Change in value of pension benefits
–194 –200 1)
Increase (+)/decrease ( ) in other interest-bearing liabilities
97 –33
Cash flows from financing activities
–82 2,654
CASH FLOWS FOR THE PERIOD
–1,073 946
Cash and cash equivalents, beginning of the period
3,046 2,107
Translation difference in cash and cash equivalents
0 –7
Cash and cash equivalents, end of period 21 1,973 3,046

1) Restated due to changes in IAS 19 Revised, Employee Benefits.