Consolidated statement of cash flows

SEK million 2007 2006 2005
   
Operating activities    
Income after finincial items 2,449 1,693 1,551
Establishment of pension fund -283 -2,566 -200
Adjustments for items not affecting cash flow 867 1,454 1,398
Income tax paid -216 -115 -110
Cash flow from operating activities before change in working capital 2,817 466 2,839
   
Cash flow from changes in working capital    
Increase(-)/Decrease(+) in inventories, etc. -644 -767 356
Increase(-)/Decrease(+) in current receiveables -1,605 -1,700 -43
Increase(+)/Decrease(-) in advance payments
from customer		 -934 -853 481
Increase(+)/Decrease(-) in other current and other long-term liabilities -251 2,290 417
Increase(+)/Decrease(-) in lease obligations -287 -832 -1,022
Increase(+)/Decrease(-) in provisions -443 -201 -331
Change in working capital -4,164 -2,063 -142
   
Cash flow from operating activities -1,347 -1,597 2,697
   
Investing activities    
Investments in intangible fixed assets -8 -67 -1
Capitalized development costs -658 -463 -292
Investments in tangible fixed assets -395 -433 -296
Sale of intangibles and tangible fixed assets 45 31 37
Investments in lease assets  0 0 -109
Sale of lease assets 325 823 799
Investments in and sale of financial assets -310 4,606 -1,598
Investments in subsidiaries, net effect on liquidity -515 -3,403 -293
Sale of subsidiaries, net effect on liquidity 970 219 257
     
Cash flow from investing activities -546 1,313 -1,496
   
Financing activities    
Loans raised 2,017 630  
Amortization of loans - - -36
Repurchase of shares -184
Dividend paid to shareholders -464 -437 -409
Dividend paid to minority interest -2 -4 -4
Cash flow from financing activities 1,367 189 -449
   
Cash flow for the year -526 -95 396
   
Liquid assets at beginning of year 1,389 1,557 1,129
Exchange rate difference in liquid assets -5 -73 32
Liquid assets at year-end 858 1,389 1,557