Consolidated Cash Flow Statement

Amounts in SEK M	Note	2015	2014
Operating activities
Profit/loss before tax		-162	-72
Adjustment for non-cash items	29	186	84
		24	12
Income tax paid/received		-7	8
Cash flow from operating activities before changes in working capital		17	20
Cash flow from changes in working capital
Increase (-)/decrease (+) in inventories		7	-24
Increase (-)/decrease (+) in operating receivables		4	-26
Increase (+)/decrease (-) in operating liabilities		-121	5
Cash flow from operating activities		-93	-25
Investing activities
Acquisitions of intangible assets		0	0
Acquisitions of tangible assets		-16	-6
Divestments of tangible assets		0	–
Investments in financial assets		0	1
Cash flow from investing activities		-16	-5
Cash flow after investments		-109	-30
Financing activities
Rights issue		244	154
Acquisition/divestment of treasury shares		0	0
Loans raised		586	778
Amortization of loan liabilities		-759	-887
Cash flow from financing activities		71	45
Cash flow for the year		-38	15
Cash and equivalents at January 1		73	57
Exchange rate differences in liquid assets		-2	1
Cash and equivalents at December 31		33	73