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