Consolidated Cash Flow Statement

Amounts in SEK M	Note	2017	2016
Operating activities
Operating result		57	16
Adjustment for non-cash items	29	63	60
Interest paid/received and other financial items		-21	-23
Income tax paid/received		-19	-9
Cash flow from operating activities before changes in working capital		80	44
Cash flow from changes in working capital
Increase (-)/decrease (+) in inventories		-75	37
Increase (-)/decrease (+) in operating receivables		-25	-7
Increase (+)/decrease (-) in operating liabilities		115	4
Cash flow from operating activities		95	78
Investing activities
Acquisitions of intangible assets	14	0	-2
Acquisitions of tangible assets	15	-22	-8
Divestments of tangible assets		27	–
Investments in financial assets		0	0
Cash flow from investing activities		5	-10
Cash flow after investments		100	68
Financing activities
Amortization of loan liabilities		-69	-74
Cash flow from financing activities		-69	-74
Cash flow for the year		31	-6
Cash and equivalents at January 1		27	33
Translation differences in cash and equivalents		3	0
Cash and equivalents at December 31		61	27