Annual Report 2019

Parent company cash flow statement (FAS)
MEUR	2019	2018
Cash flow from operating activities:
Result before appropriations and taxes	243	241
Adjustments for:
Depreciation and amortisation	4	4
Financial income and expenses	-304	-296
Cash flow before changes in working capital	-56	-51
Changes in working capital:
Assets, non-interest-bearing, increase (-) / decrease (+)	11	-28
Liabilities, non-interest-bearing, increase (+) / decrease (-)	-45	23
	-34	-5
Cash flow from operating activities before financial items and taxes	-90	-56
Interest and other financial expenses	-89	-78
Dividends received from operating activities	304	300
Interest and other financial income from operating activities	89	74
Income taxes paid	-8	-5
	295	291
Cash flow from operating activities	205	235
Cash flow from investing activities:
Investments in tangible and intangible assets	-2	-13
Cash flow from investing activities	-2	-13
Cash flow after investing activities	203	223
Cash flow from financing activities:
Loans receivables, increase (-) / decrease (+)	18	-492
Current loans, increase (+) / decrease (-)	-284	344
Proceeds from non-current borrowing	150	280
Repayments and other changes of non-current loans	-56	-84
Group contributions	76	99
Dividends paid	-284	-272
Cash flow from financing activities	-381	-126
Change in cash and bank balances, increase (+) / decrease (-)	-178	96
Cash and bank at beginning of period	291	195
Cash and bank at end of period	113	291