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