| Condensed statement of cash flows | ||||
| MEUR | 1–3/2017 | 1–3/2016 | 2016 | |
| Cash flow from operating activities: | ||||
| Profit for the reporting period | 57 | 60 | 357 | |
| Adjustments for: | ||||
| Depreciation, amortisation and impairment | 33 | 31 | 138 | |
| Financial income and expenses | 5 | 3 | 53 | |
| Gains and losses on sale of intangible assets and property, plant and equipment and other changes | -3 | -1 | -6 | |
| Share of result of associates and joint ventures | -1 | -3 | -14 | |
| Income taxes | 17 | 20 | 123 | |
| Cash flow before changes in working capital | 108 | 109 | 650 | |
| Changes in working capital | -95 | -105 | 84 | |
| Cash flow from operating activities before financial items and taxes | 13 | 4 | 734 | |
| Financial items and paid taxes | -12 | -17 | -121 | |
| Cash flow from operating activities | 2 | -13 | 613 | |
| Cash flow from investing activities: | ||||
| Investments in shares and acquisitions | -1 | -90 | ||
| Net investments in property, plant and equipment and intangible assets | -4 | -8 | -38 | |
| Proceeds from sale of shares in associated companies and other investments | 1 | |||
| Cash flow from investing activities | -5 | -8 | -126 | |
| Cash flow from financing activities: | ||||
| Proceeds from non-current debt | 90 | 160 | 131 | |
| Repayments and other changes in non-current debt | -45 | -40 | -91 | |
| Changes in current loans and other changes | 1 | 240 | -129 | |
| Dividends paid | -114 | -238 | -250 | |
| Cash flow from financing activities | -67 | 121 | -339 | |
| Change in cash and cash equivalents, increase (+)/decrease (-) | -70 | 100 | 148 | |
| Cash and cash equivalents at the beginning of the reporting period | 472 | 334 | 334 | |
| Exchange rate changes | 1 | -6 | -9 | |
| Cash and cash equivalents at the end of the reporting period | 403 | 428 | 472 | |
Note
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