Consolidated operating cash flow statement, supplementary disclosure OCF

 

 

2016

 

2015

 

2014

Group

Note

SEKm

 

EURm 1)

 

SEKm

 

EURm 1)

 

SEKm

 

EURm 1)

1)

Translation to EUR is provided for the convenience of the reader. An average exchange rate of 9.46 (9.35; 9.09) was used.

IS Net sales

 

117,314

 

12,406

 

115,316

 

12,334

 

104,054

 

11,449

Operating expenses

 

–97,299

 

–10,289

 

–96,539

 

–10,326

 

–86,841

 

–9,555

Operating surplus

 

20,015

 

2,117

 

18,777

 

2,008

 

17,213

 

1,894

Adjustment for non-cash items

 

–672

 

–71

 

–465

 

–49

 

–963

 

–106

Operating cash surplus

 

19,343

 

2,046

 

18,312

 

1,959

 

16,250

 

1,788

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in

 

 

 

 

 

 

 

 

 

 

 

 

Inventories

 

1,076

 

114

 

–1,390

 

–149

 

–370

 

–40

Operating receivables

 

–236

 

–25

 

–1,129

 

–121

 

–162

 

–18

Operating liabilities

 

1,130

 

120

 

2,120

 

227

 

86

 

9

Change in working capital

 

1,970

 

209

 

–399

 

–43

 

–446

 

–49

Current capital expenditures

 

–5,181

 

–548

 

–4,162

 

–445

 

–3,737

 

–411

Restructuring costs, etc.

 

–1,184

 

–125

 

–830

 

–89

 

–883

 

–97

Operating cash flow

 

14,948

 

1,582

 

12,921

 

1,382

 

11,184

 

1,231

Financial items

E7

–919

 

–97

 

–955

 

–102

 

–961

 

–106

Paid tax

B4

–3,799

 

–402

 

–2,208

 

–236

 

–2,101

 

–231

Other

 

152

 

16

 

132

 

14

 

27

 

3

Cash flow from current operations

 

10,382

 

1,099

 

9,890

 

1,058

 

8,149

 

897

 

 

 

 

 

 

 

 

 

 

 

 

 

Strategic capital expenditures and divestments

 

 

 

 

 

 

 

 

 

 

 

 

Company acquisitions

F6

–6,598

 

–698

 

–93

 

–10

 

–508

 

–56

Strategic capital expenditures in non-current assets

 

–4,264

 

–451

 

–3,125

 

–334

 

–1,816

 

–200

Total strategic capital expenditures

 

–10,862

 

–1,149

 

–3,218

 

–344

 

–2,324

 

–256

 

 

 

 

 

 

 

 

 

 

 

 

 

Divestments

F6

489

 

52

 

329

 

35

 

206

 

22

Cash flow from capital expenditures and divestments

 

–10,373

 

–1,097

 

–2,889

 

–309

 

–2,118

 

–234

Cash flow before dividend

 

9

 

2

 

7,001

 

749

 

6,031

 

663

Private placement to non-controlling interests

 

435

 

46

 

 

 

 

Dividend to shareholders

 

–4,228

 

–447

 

–3,903

 

–417

 

–3,564

 

–392

Net cash flow

 

–3,784

 

–399

 

3,098

 

332

 

2,467

 

271

 

2016

 

2015

 

2014

Net debt

SEKm

 

EURm 1)

 

SEKm

 

EURm 1)

 

SEKm

 

EURm 1)

1)

Translation to EUR is provided for the convenience of the reader. Closing exchange rate of 9.56 (9.13; 9.53) was used for net debt.

Net debt, January 1

–29,478

 

–3,228

 

–35,947

 

–3,770

 

–33,919

 

–3,797

Net cash flow

–3,784

 

–399

 

3,098

 

332

 

2,467

 

271

Remeasurements to equity

–1,526

 

–160

 

1,910

 

209

 

–2,785

 

–292

Exchange rate effects, etc.

–573

 

87

 

1,461

 

1

 

–1,710

 

48

Net debt, December 31

–35,361

 

–3,700

 

–29,478

 

–3,228

 

–35,947

 

–3,770