Consolidated cash flow statement

SEKm	Note	2010	2009
Operations
Operating income		5,430	3,761
Depreciation and amortization		3,328	3,442
Capital gain/loss included in operating income		4	—
Restructuring provisions		294	434
Share-based compensation		73	18
Financial items paid, net		–72	–348
Taxes paid		–1,316	–929
Cash flow from operations, excluding change in operating assets and liabilities		7,741	6,378

Change in operating assets and liabilities
Change in inventories		–1,755	2,276
Change in trade receivables		–216	1,209
Change in other current assets		–977	487
Change in accounts payable		2,624	628
Extra contributions to pension funds		—	–3,935
Change in operating liabilities and provisions		263	1,254
Cash flow from change in operating assets and liabilities		–61	1,919
Cash flow from operations		7,680	8,297

Investments
Divestment of operations	26	7	4
Capital expenditure in property, plant and equipment	12	–3,221	–2,223
Capitalization of product development	13	–396	–370
Other		–864	–378
Cash flow from investments		–4,474	–2,967
Cash flow from operations and investments		3,206	5,330

Financing
Change in short-term investments		1,306	–2,734
Change in short-term borrowings		–1,768	–1,131
New long-term borrowings	18	380	1,639
Amortization of long-term borrowings	18	–1,039	–1,040
Dividend		–1,138	—
Sale of shares		18	69
Cash flow from financing		–2,241	–3,197

Total cash flow		965	2,133
Cash and cash equivalents at beginning of period		9,537	7,305
Exchange-rate differences referring to cash and cash equivalents		–113	99
Cash and cash equivalents at end of period		10,389	9,537