Parent Company cash flow statement

SEKm	2014	2015
Operations
Income after financial items	1,398	2,139
Depreciation and amortization	360	331
Capital gain/loss included in operating income	454	540
Share-based compensation	26	26
Group contributions	193	210
Taxes paid	–29	–53
Cash flow from operations, excluding change in operating assets and liabilities	2,402	3,193
Change in operating assets and liabilities
Change in inventories	–57	–228
Change in trade receivables	242	–99
Change in current intra-group balances	3,115	586
Change in other current assets	–204	369
Change in other current liabilities and provisions	47	338
Cash flow from operating assets and liabilities	3,143	966
Cash flow from operations	5,545	4,159
Investments
Change in shares and participations	–473	–655
Capital expenditure in intangible assets	–220	–259
Capital expenditure in property, plant and equipment	–35	–212
Other	–2,026	232
Cash flow from investments	–2,754	–894
Total cash flow from operations and investments	2,791	3,265
Financing
Change in short-term borrowings	–2,747	–166
Change in intra-group borrowings	1,004	2,720
New long-term borrowings	2,942	1,426
Amortization of long-term borrowings	–323	–2,595
Dividend	–1,861	–1,868
Cash flow from financing	–985	–483
Total cash flow	1,806	2,782
Cash and cash equivalents at beginning of period	2,795	4,601
Exchange-rate differences referring to cash and cash equivalents	—	–37
Cash and cash equivalents at end of period	4,601	7,346