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 | 22, 23, 24, 25 | -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 |
