Cash-flow statement

Start » ... » The 2009 Fiscal Year » Cash-flow statement
  Note Group   Parent Company  
SEK 000s 21, 35 2009 2008   2009 2008  
Cash flow from current operations              
Profit/loss before tax   –275,990 258,629   –193,339 211,459  
Adjustments for items not included in cash flow              
– Depreciation and impairment 9 234,953 187,330   21,564 17,885  
– Capital gain/loss   — –5,002   — —  
– Results from participations in Group companies not affecting cash flow   — — 20,171   –249,115  
– Interest not affecting cash flow 1)   –2,478 –6,033   4,010 –29,450  
Fair value loss on derivative instruments   — 31,668   — —  
– Other 2)   –6,031 –9,215   1,564 –7,982  
Income tax paid   –575 –2,375   — —  
Cash flow from current operations before changes               
in working capital   –50,121 455,002   –146,030 –57,203  
               
Changes in working capital              
Changes in inventories   –13,900 10,356   –9,470 –14,881  
Changes in accounts receivable and other current               
operating receivables    66,085 16,717   –97,953 –70,165  
Changes in accounts payable and other current               
operating liabilities    –49,670 11,349   53,955 66,653  
Cash flow from current operations   –47,606 493,424   –199,498 –75,596  
               
Investing operations              
Acquisition of subsidiaries  16 –271 –100   –271 –178  
Acquisitions of participations in associated companies   –133 –49   –135 –49  
Acquisitions of vessels   –65,606 –72,113   — —  
Sales of vessels   — 18,226   — —  
Sales of other tangible fixed assets   — —   — 1,726  
Acquisitions of other intangible fixed assets   –46 –2,430   –46 –2,430  
Acquisitions of other tangible fixed assets   –33,244 –11,319   –39,081 –9,931  
Changes in long-term receivables   –42,480 9,594   –41,400 –909  
Cash flow from investing operations   –141,780 –58,191   –80,933 –11,771  
               
Financing operations              
Changes in loans from Group companies   — —   88,579 280,834  
Loans raised   167,106 —   124,626 —  
Amortization of loans   –181,078 –170,244   –4,650 —  
Buy-back of own shares   –5,699 —   –5,699 —  
Paid dividend to Parent Company’s shareholders   –69,814 –69,814   –69,814 –69,814  
Cash flow from financing operations   –89,485 –240,058   133,042 211,020  
Changes in cash and cash equivalents   –278,871 195,175   –147,389 123,653  
Cash and cash equivalents at the beginning of the year   573,734 393,054   221,908 93,260  
Exchange-rate difference in cash and cash equivalents   32,537 –14,495   –1,437 4,995  
Cash and cash equivalents at year-end 21 327,400 573,734   73,082 221,908  
1) Interest received amounts to:   7,664 21,422   1,213 6,020  
Interest paid amounts to:   –43,140 –83,454   –1,090 –12,526  
    –35,476 –62,032   123 –6,506  
2) The amount for the Group includes the reversal of liability   
in an amount of SEK 7,579,000 (7,268,000).