Consolidated Cash Flow Statement

SEK m Note 2017 2016
Cash flow from operating activities:
EBIT  456 463
Adjustments for non-cash items 36  141 141
Interest received  0 1
Interest paid  -12 -11
Paid income tax  -88 -117
Cash flow from operating activities before changes in working capital  497 478
Changes in working capital:
Increase(-)/decrease (+) in inventories  -57 -18
Increase(-)/decrease(+) in accounts receivable  -49 -42
Increase(-)/decrease(+) in receivables  -3 6
Increase(+)/decrease (-) in accounts payable  56 9
Increase(+)/decrease(-) in short-term liabilities  5 14
Cash flow from operating activities  449 446
Cash flow used in investing activities:  31
Acquisition of tangible fixed assets 22232425  -222 -166
Acquisition of intangible fixed assets  -15 -12
Sale of tangible fixed assets  – 3
Sale of intangible fixed assets  3 0
Acquisition of subsidiaries  38  -59 -124
Change in other long-term liabilities  – 0
Cash flow used in investing activities  -293 -300
Cash flow used in financing activities:  31
Dividends to shareholders  -235 -235
Net change, overdraft facilities and other financial liabilities  -32 -9
Repayment of loans  -488 -191
Loans received  640 277
Cash flow used in financing activities  -115 -159
Cash flow for the year    41 -12
Cash and cash equivalents, opening balance  186 203
Exchange rate differences, cash and cash equivalents  0 -6
Cash and cash equivalents, closing balance  227 186