Consolidated cash flow statement
| SEKm | Note | 20121) | 2013 |
|---|---|---|---|
| Operations |
|
|
|
| Operating income |
|
4,000 | 1,580 |
| Depreciation and amortization |
|
3,251 | 3,356 |
| Restructuring provisions |
|
457 | 1,855 |
| Other non-cash items |
|
81 | 222 |
| Financial items paid, net |
|
-673 | -540 |
| Taxes paid |
|
-1,564 | -1,343 |
| Cash flow from operations, excluding change in operating assets and liabilities |
|
5,552 | 5,130 |
| Change in operating assets and liabilities |
|
|
|
| Change in inventories |
|
-1,710 | 165 |
| Change in trade receivables |
|
-119 | -1,932 |
| Change in accounts payable |
|
3,086 | 609 |
| Change in other operating liabilities and provisions |
|
271 | 483 |
| Cash flow from change in operating assets and liabilities |
|
1,528 | -675 |
| Cash flow from operations |
|
7,080 | 4,455 |
| Investments |
|
|
|
| Acquisition of operations | 26 | -164 | -205 |
| Capital expenditure in property, plant and equipment | 12 | -4,090 | -3,535 |
| Capital expenditure in product development | 13 | -477 | -442 |
| Capital expenditure in computer software | 13 | -574 | -514 |
| Other |
|
603 | -38 |
| Cash flow from investments |
|
-4,702 | -4,734 |
| Cash flow from operations and investments |
|
2,378 | -279 |
| Financing |
|
|
|
| Change in short-term investments |
|
206 | -25 |
| Change in short-term borrowings |
|
-325 | 1,151 |
| New long-term borrowings | 18 | 2,569 | 3,039 |
| Amortization of long-term borrowings | 18 | -3,063 | -1,851 |
| Dividend |
|
-1,868 | -1,860 |
| Sale of shares |
|
212 | - |
| Cash flow from financing |
|
-2,269 | 454 |
| Total cash flow |
|
109 | 175 |
| Cash and cash equivalents at beginning of period |
|
6,966 | 6,835 |
| Exchange-rate differences referring to cash and cash equivalents |
|
-240 | -403 |
| Cash and cash equivalents at end of period |
|
6,835 | 6,607 |
CEO Statement
In 2013 we continued to deliver above our growth target and delivered 4.5% in organic sales growth.
CEO Statement
I'm convinced that raising product efficiency for the growing middle class is where long-term shareholder value creation lies.
Our products
Electrolux is the only appliance manufacturer in the industry to offer complete solutions for both consumers and professionals. The focus is on innovative and energy-efficient products in the premium segments.
Sustainability
Achieving the Group's vision of sustainability leadership is crucial to realizing the business strategy. The objective is to develop smarter, more accessible, resource-efficient solutions that meet people's needs and improve their lives. Read the comprehensive sustainability performance review.
Awards & recognition
Financial Reporting
Net sales for the Electrolux Group in 2013 amounted to SEK 109,151m, as against SEK 109,994m in the previous year. The organic sales growth was 4.5%, while currencies had an impact of -5.3%.
