Annual review 2020

Earnings for the year

Group cash flow analysis

 

Amount in SEK million Dec. 31, 2020 Dec. 31, 2019
Profit after financial items 1,669 2,267
Adjustments for items not included in cash flow, etc. 2,579 2,427
The ongoing business 4,248 4,694
Paid tax -486 -764
Cash flow from operating activities before changes in working capital 3,762 3,930
KCash flow from changes in working capital
Change in inventory -184 -219
Change in operating receivables 631 -245
Change in operating debt 504 -273
Cash flow from operating activities 4,713 3,193
Investment activities
Acquisition of subsidiaries -517 -477
Divestment of subsidiaries 39 122
Change in intangible fixed assets -468 -440
Change in property, plant and equipment -1,051 -1,727
Change in financial assets -700 -651
Cash flow from investment activities -2,697 -3,173
Financing activities
Change in loan debt -444 154
Acquisition of minority interest -87 -1,474
Dividends paid, other transactions with owners -777 -1,153
Cash flow from financing activities -1,308 -2,473
Cash flow for the year 708 -2,453
Cash and cash equivalents at year opening 2,741 5,176
Exchange rate difference in cash and cash equivalents -70 18
Cash and cash equivalents at year end 3,379 2,741