Consolidated statements of cash flow

SEK in millions

Note

 

Jan–Dec 2015

Jan–Dec 2014

Net income

   

10,205

15,599

Adjustments for:

       

Amortization, depreciation and impairment losses

   

21,705

15,589

Capital gains/losses on sales/disposals of non-current assets

   

283

442

Income from associated companies and joint ventures, net of dividends received

C14

 

3,471

-2,457

Pensions and other provisions

   

-487

-1,165

Financial items

   

-290

6

Income taxes

   

1,537

1,331

Miscellaneous non-cash items

   

-239

21

Cash flow before change in working capital

   

36,184

29,366

Increase (-)/Decrease (+) in operating receivables

   

146

1,108

Increase (-)/Decrease (+) in inventories

   

-384

-128

Increase (+)/Decrease (-) in operating liabilities

   

-698

-1,094

Change in working capital

   

-935

-114

Cash flow from operating activities

C30

 

35,249

29,252

of which from discontinued operations

   

8,121

8,418

Intangible assets and property, plant and equipment acquired

   

-18,699

-16,206

Intangible assets and property, plant and equipment divested

   

153

91

Business combinations and other equity instruments acquired

C30, C33

 

-6,248

-1,124

Other equity instruments divested

C30

 

4,724

2,094

Loans granted and other similar investments

C1

 

-11,764

-5,529

Repayment of loans granted and other similar investments

   

1,218

524

Compensation from pension fund

   

400

Net change in short-term investments

   

1,631

-2,230

Cash flow from investing activities

C1

 

-28,985

-21,979

of which from discontinued operations

   

-4,823

3,863

Cash flow before financing activities

C1

 

6,264

7,272

Repurchased treasury shares including transaction costs

   

-14

-6

Acquisition of non-controlling interests

   

-356

Dividends paid to owners of the parent

   

-12,990

-12,990

Dividends paid to holders of non-controlling interests

C30

 

-781

-1,143

Proceeds from long-term borrowings

   

8,437

12,075

Repayment of long-term borrowings

   

-8,307

-8,375

Net change in short-term borrowings

   

3,934

-985

Settlement of derivative contracts for economic hedges and CSA

   

450

1,153

Cash flow from financing activities

   

-9,628

-10,269

of which from discontinued operations

   

422

-705

Net change in cash and cash equivalents

   

-3,363

-2,997

of which from discontinued operations

   

3,719

3,850

Cash and cash equivalents, opening balance

C1

 

28,735

31,355

Net change in cash and cash equivalents for the year

   

-3,363

-2,997

Exchange rate differences in cash and cash equivalents

   

-38

377

Cash and cash equivalents, closing balance

C18

 

25,334

28,735

of which from continuing operations

   

14,647

21,627

of which from discontinued operations

   

10,687

7,109

          

Dividends received

C30

 

6,896

2,136

Interest received

C30

 

1,856

596

Interest paid

C30

 

-3,509

-3,203

Income taxes paid

C30

 

-3,166

-3,178

The consolidated cash flow statements are presented including former segment region Eurasia, but with additional information on cash flows from operating, investing and financing activities in the region.

 

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