Consolidated statement of cash flows | |||||
MEUR | 2019 | 2018 | Note | ||
Cash flow from operating activities: | |||||
Profit for the financial period | 218 | 386 | |||
Adjustments for: | |||||
Depreciation, amortisation and impairment | 180 | 130 | 9 | ||
Financial income and expenses | 47 | 39 | 11 | ||
Gains and losses on sale of intangible assets and property, plant and equipment and other changes | -15 | -26 | |||
Share of result of associates and joint ventures | 9 | -13 | 17 | ||
Income taxes | 97 | 116 | 12 | ||
Other non-cash flow adjustments | 3 | -7 | |||
Cash flow before changes in working capital | 540 | 625 | |||
Changes in working capital: | |||||
Receivables, non-interest-bearing, increase (-) / decrease (+) | 9 | -22 | |||
Inventories, increase (-) / decrease (+) | -213 | -130 | 19 | ||
Liabilities, non-interest-bearing, increase (+) / decrease (-) | 74 | 117 | |||
Changes in working capital | -130 | -35 | |||
Cash flow from operating activities before financial items and taxes | 410 | 589 | |||
Financial items and taxes: | |||||
Interest income | 4 | 6 | |||
Interest expenses | -13 | -14 | |||
Other financial income and expenses | -27 | -7 | |||
Income taxes paid | -141 | -104 | |||
Financial items and paid taxes | -178 | -119 | |||
Cash flow from operating activities | 232 | 470 | |||
Cash flow from investing activities: | |||||
Acquisitions | -4 | -191 | 2 | ||
Investments in associates and joint ventures | -1 | 17 | |||
Other investments | -2 | -3 | 18 | ||
Investments in property, plant and equipment and intangible assets | -116 | -110 | 14 | 15 | |
Reduction of share capital in associates and joint ventures | 13 | ||||
Proceeds from sale of property, plant and equipment and intangible assets | 25 | 11 | 14 | 15 | |
Proceeds from sale of shares in subsidiaries | 1 | 41 | 3 | ||
Loan receivables, increase (-) / decrease (+), and other changes | 1 | ||||
Cash flow from investing activities | -95 | -240 | |||
Cash flow after investing activities | 137 | 230 | |||
Cash flow from financing activities: | |||||
Proceeds from non-current debt | 150 | 279 | |||
Repayments and other changes in non-current debt | -105 | -84 | 28 | ||
Loan receivables, increase (-) / decrease (+) | 2 | -4 | |||
Current loans, increase (+) / decrease (-) | -18 | -35 | |||
Dividends paid | -284 | -274 | |||
Cash flow from financing activities | -256 | -118 | |||
Change in cash and cash equivalents, increase (+) / decrease (-) | -119 | 112 | |||
Cash and cash equivalents at the beginning of the financial period | 487 | 379 | |||
Exchange rate changes | -5 | ||||
Cash and cash equivalents at the end of the financial period* | 369 | 487 | |||
* Cash and cash equivalents at the end of the financial period include the cash and cash equivalents pertaining to assets held for sale. | |||||
The notes are an integral part of these consolidated financial statements. |
Note
Add a note?
Note
Add a note?
Note
Add a note?
Note
Add a note?