| Consolidated statement of cash flows | ||||
| MEUR | 2015 | 2014 | Note | |
| Cash flow from operating activities: | ||||
| Net profit for the financial period | 451 | 351 | ||
| Adjustments for: | ||||
| Depreciation, amortisation and impairment | 124 | 119 | 8 | |
| Financial income and expenses | 34 | 28 | 10 | |
| Gains and losses on sale of intangible assets and property, plant and equipment and other changes | -27 | 2 | ||
| Share of result of associates and joint ventures | -17 | -24 | 15 | |
| Income taxes | 124 | 99 | 11 | |
| Cash flow before changes in working capital | 688 | 574 | ||
| Changes in working capital: | ||||
| Receivables, non-interest-bearing, increase (-) / decrease (+) | -193 | -52 | ||
| Inventories, increase (-) / decrease (+) | 79 | 206 | 17 | |
| Liabilities, non-interest-bearing, increase (+) / decrease (-) | -229 | -122 | ||
| Changes in working capital | -343 | 32 | ||
| Cash flow from operating activities before financial items and taxes | 346 | 606 | ||
| Financial items and taxes: | ||||
| Interest and other financial income | 45 | 29 | ||
| Interest and other financial expenses | -29 | -36 | ||
| Income taxes paid | -108 | -147 | ||
| Financial items and paid taxes | -91 | -154 | ||
| Cash flow from operating activities | 255 | 452 | ||
| Cash flow from investing activities: | ||||
| Acquisitions | -258 | 2 | ||
| Investments in associates and joint ventures | -9 | 15 | ||
| Investments in available-for-sale financial assets | -1 | 16 | ||
| Investments in property, plant and equipment and intangible assets | -79 | -99 | 13 | 14 |
| Proceeds from sale of property, plant and equipment and intangible assets | 13 | 14 | ||
| Proceeds from sale of available-for-sale financial assets | 1 | 16 | 16 | |
| Loan receivables, increase (-) / decrease (+), and other changes | -1 | |||
| Disposal of discontinued operations, net of cash | 44 | |||
| Dividends received | 1 | |||
| Cash flow from investing activities | -288 | -71 | ||
| Cash flow after investing activities | -33 | 381 | ||
| Cash flow from financing activities: | ||||
| Proceeds from non-current debt | 50 | 100 | 25 | |
| Repayments and other changes in non-current debt | -112 | -81 | 25 | |
| Loan receivables, increase (-) / decrease (+) | -16 | |||
| Current loans, increase (+) / decrease (-) | 110 | -18 | ||
| Dividends paid | -242 | -211 | ||
| Cash flow from financing activities | -210 | -210 | ||
| Change in cash and cash equivalents, increase (+) / decrease (-) | -243 | 172 | ||
| Cash and cash equivalents at the beginning of the financial period | 571 | 388 | ||
| Exchange rate changes | 5 | 12 | ||
| Net change in cash effect from discontinued operations | 1 | |||
| Cash and cash equivalents at the end of the financial period | 334 | 571 | ||
| The notes are an integral part of these consolidated financial statements. | ||||
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