Cash flow statement – the Group
| MSEK | Note | 2017 | 2016 |
| Current operations | 44 | ||
| Pre-tax profit | 2,445 | 2,050 | |
| Adjustments for non-cash items | 988 | 872 | |
| Income tax paid | -651 | -19 | |
| Cash flow from current operations before working capital changes | 2,782 | 2,903 | |
| Cash flow from changes in working capital | |||
| Increase (-) /Decrease (+) project and development properties | -425 | -146 | |
| Increase (-) /Decrease (+) inventories | -174 | -158 | |
| Increase (-) /Decrease (+) current receivables | -386 | -2,133 | |
| Increase (+) /Decrease (-) current liabilities | 1,042 | 2,989 | |
| Cash flow from changes in working capital | 57 | 552 | |
| Cash flow from current operations | 2,839 | 3,455 | |
| Investment operations | |||
| Acquisition of subsidiaries/businesses, net effect on liquid funds | -160 | -137 | |
| Sale of subsidiaries/businesses, net effect on liquid funds | 4 | 5 | |
| Acquisition of intangible fixed assets | -56 | -2 | |
| Acquisition of tangible fixed assets | -1,256 | -847 | |
| Sale of tangible fixed assets | 109 | 107 | |
| Acquisition of investment property | -265 | – | |
| Acquisition of financial assets | -388 | -688 | |
| Sale of financial assets | 1,468 | 758 | |
| Cash flow from investment operations | -544 | -804 | |
| Cash flow before financing | 2,295 | 2,651 | |
| Financing operations | |||
| Change in used loan facility | – | -1,500 | |
| Raised loans | 952 | 1,027 | |
| Loan amortization | -933 | -634 | |
| Raised bonds | – | 349 | |
| Bond amortization | -349 | -999 | |
| Leasing liabilities amortization | -229 | -212 | |
| Change in issued commercial papers | -1,129 | 123 | |
| Dividend distributed to shareholders in parent company | -1,062 | -767 | |
| Cash flow from financing operations | -2,750 | -2,613 | |
| Cash flow for the year | -455 | 38 | |
| Cash at the beginning of the year | 1,062 | 873 | |
| Exchange rate differences in cash | -12 | 151 | |
| Cash at year-end | 595 | 1,062 | |
