| Condensed statement of cash flows | ||||
| MEUR | 1–3/2018 | 1–3/2017 | 2017 | |
| Cash flow from operating activities: | ||||
| Profit for the reporting period | 57 | 54 | 375 | |
| Adjustments for: | ||||
| Depreciation, amortisation and impairment | 30 | 33 | 134 | |
| Financial income and expenses | 9 | 5 | 47 | |
| Gains and losses on sale of intangible assets and property, plant and equipment and other changes | -3 | -17 | ||
| Share of result of associates and joint ventures | -3 | -1 | -13 | |
| Income taxes | 19 | 16 | 117 | |
| Cash flow before changes in working capital | 112 | 104 | 643 | |
| Changes in working capital | -108 | -91 | -87 | |
| Cash flow from operating activities before financial items and taxes | 4 | 13 | 555 | |
| Financial items and paid taxes | -46 | -12 | -126 | |
| Cash flow from operating activities | -42 | 2 | 430 | |
| Cash flow from investing activities: | ||||
| Investments in shares and acquisitions | -20 | -1 | -191 | |
| Net investments in property, plant and equipment and intangible assets | -17 | -4 | -47 | |
| Proceeds from sale of shares in associated companies and other investments | 2 | |||
| Cash flow from other investing activities | 1 | |||
| Cash flow from investing activities | -37 | -5 | -235 | |
| Cash flow from financing activities: | ||||
| Proceeds from non-current debt | 125 | 90 | 90 | |
| Repayments and other changes in non-current debt | -15 | -45 | -101 | |
| Changes in current loans and other changes | -2 | 1 | -2 | |
| Dividends paid | -126 | -114 | -264 | |
| Cash flow from financing activities | -17 | -67 | -278 | |
| Change in cash and cash equivalents, increase (+)/decrease (-) | -96 | -70 | -83 | |
| Cash and cash equivalents at the beginning of the reporting period | 379 | 472 | 472 | |
| Exchange rate changes | -3 | 1 | -10 | |
| Cash and cash equivalents at the end of the reporting period | 282 | 403 | 379 | |
Note
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