Interim Report
Half Year Financial Report
2019
Interim Report
2019
Financial Statements Bulletin
2019
Annual Report
(11.2.2020)Interim Report
2018
Half Year Financial Report
2018
Interim Report
2018
Financial Statements Bulletin
2018
Annual Report
(12.2.2019)Consolidated statement of cash flows | |||||
MEUR | 2017 | 2016 | Note | ||
Cash flow from operating activities: | |||||
Profit for the financial period | 383 | 357 | |||
Adjustments for: | |||||
Depreciation, amortisation and impairment | 134 | 138 | 8 | ||
Financial income and expenses | 47 | 53 | 10 | ||
Gains and losses on sale of intangible assets and property, plant and equipment and other changes | -17 | -6 | |||
Share of result of associates and joint ventures | -13 | -14 | 15 | ||
Income taxes | 122 | 123 | 11 | ||
Cash flow before changes in working capital | 657 | 650 | |||
Changes in working capital: | |||||
Receivables, non-interest-bearing, increase (-) / decrease (+) | -264 | 89 | |||
Inventories, increase (-) / decrease (+) | -27 | 162 | 17 | ||
Liabilities, non-interest-bearing, increase (+) / decrease (-) | 189 | -167 | |||
Changes in working capital | -102 | 84 | |||
Cash flow from operating activities before financial items and taxes | 555 | 734 | |||
Financial items and taxes: | |||||
Interest income | 1 | ||||
Interest expenses | -6 | -13 | |||
Other financial income and expenses | -2 | 19 | |||
Income taxes paid | -119 | -127 | |||
Financial items and paid taxes | -126 | -121 | |||
Cash flow from operating activities | 430 | 613 | |||
Cash flow from investing activities: | |||||
Acquisitions | -191 | -81 | 2 | ||
Investments in associates and joint ventures | -9 | 15 | |||
Investments in property, plant and equipment and intangible assets | -64 | -55 | 13 | 14 | |
Proceeds from sale of property, plant and equipment and intangible assets | 17 | 18 | |||
Proceeds from sale of other investments | 2 | 1 | 16 | ||
Loan receivables, increase (-) / decrease (+), and other changes | 1 | ||||
Cash flow from investing activities | -235 | -126 | |||
Cash flow after investing activities | 195 | 487 | |||
Cash flow from financing activities: | |||||
Proceeds from non-current debt | 90 | 131 | |||
Repayments and other changes in non-current debt | -101 | -91 | 24 | ||
Loan receivables, increase (-) / decrease (+) | 2 | -4 | |||
Current loans, increase (+) / decrease (-) | -5 | -125 | |||
Dividends paid | -264 | -250 | |||
Cash flow from financing activities | -278 | -339 | |||
Change in cash and cash equivalents, increase (+) / decrease (-) | -83 | 148 | |||
Cash and cash equivalents at the beginning of the financial period | 472 | 334 | |||
Exchange rate changes | -10 | -9 | |||
Cash and cash equivalents at the end of the financial period | 379 | 472 | |||
The notes are an integral part of these consolidated financial statements. |