Cash flow statements

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Full year 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Profit before tax 5,873 1,876 679 1,265 1,341 2103 1937 2411 1653 828
Adjustments for non-cash items* 2,488 1,961 1,622 1,626 1,829 1444 1754 1043 1348 1561
Tax paid -453 -141 83 -109 -401 -472 -285 84 -124 -160
Change in working capital, etc. -1,079 196 -53 -463 -267 241 336 120 238 -384
Cash flow from operating activities 6,829 3,892 2,331 2,319 2,502 3,316 3,742 3,658 3,115 1,845
Investments in intangible assets, property, plant and equipment -3,330 -1,526 -1,250 -2,868 -5,120 -4,196 -1,607 -1,672 -1,382 -1,274
Acquisition of financial assets / contribution associated companies -15 -43 -2 -58 -22 -65 -38 -38 -2 -3
Disposal/repayment of financial assets/other holdings 10 30 24 955 5 0 0 0 0 0
Sales of subsidiary 0 29 0 7,708 -1 15 0 941 - -
Business combinations -6,128 0 0 -3,774 -36 0 -6 0 0 9
Dividend from associated companies 12 10 4 - - - - - - -
Disposal of property, plant and equipment 32 1 3 8 2 2 4 9 8 87
Cash flow from investing activities -9,419 -1,499 -1,221 1,971 -5,172 -4,244 -1,647 -760 -1,376 1,181
Change in interest-bearing receivables 3 8 -6 0 -3 0 2 0 -3 6
Change in interest-bearing liabilities -1,637 -1,014 -602 -421 3,863 1,308 -564 -2,687 -1,082 -581
Buy-back of own shares 0 0 0 0 -41 -41 0 0 0 0
Dividend to owners of the parent company -890 -890 -889 -889 -890 -891 -880 -651 -465 -413
Dividend to non-controlling interests 0 0 0 0 0 -1 -165 -76 - -
Rights issue 3,419 0 0 0 0 0 0 0 0 42
Sale of shares, incentive programme 0 0 0 0 0 0 0 0 0 0
Cash flow from financing activities 895 -1,896 -1,497 -1,310 2,929 375 -1,607 -3,414 -1,550 -946
Total cash flow (=change in cash and cash equivalents) -1,695 497 -387 2,980 259 -553 488 -516 189 -282
Cash and cash equivalents at start of period 3,558 3,036 3,450 456 168 708 188 737 497 745
Translation differences in cash and cash equivalents 183 25 -27 14 29 13 32 -33 51 21
Cash and cash equivalents at the end of the period 2,046 3,558 3,036 3,450 456 168 708 188 737 484
*Recociliation of adjustments for non-cash items
SEKm
Depreciation, amortisation and impairment of assets 2,480 1,912 1,938 1,744 1,513 1,519 1,561 1,417 1,378 1,402
Financial items 114 18 -16 37 37 22 18 17 12 44
Disposal of non-current assets 22 - -2 8 35 - - -
Pensions and other provisions -100 -30 -84 -211 94 -131 138 52 -92 -10
Electricity certificates and emission rights -69 20 -5 10 2 -1 25 -26 43 79
Share of profit/loss in associates/impairment of investments 19 -89 -89 17 -42 22 1 6 - -13
Share based payments 22 7 6 6 10 10 11 11 4 5
Capital gains/losses, sale of subsidiary - 123 - - 5 3 - -434 3 4
Revalutation of biological assets - - -132 - -2 - - - -
Other - - 6 15 177 - - - - 50
Total non-cash items 2,488 1,961 1,622 1,626 1,829 1,444 1,754 1,043 1,348 1,561
Quarters 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
SEKm Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1
Profit before tax -558 726 1,181 1,743 1,804 1145
Adjustments for non-cash items* 595 548 1,499 306 312 372
Tax paid -169 -281 -344 -37 -43 -29
Operating surplus, etc. 1,185 1,049 769 929 646 506 529 725 669 576 445 984 770 840 559 1,050 896 1,022 837 895 931 1,014 840 996 692 1,012 897 1,021 857 777 761 853 526 650 638 842
Net financial items, taxes, etc. -80 -46 -28 -83 89 55 -75 -91 154 -43 -77 74 -154 -52 -83 -161 -266 -83 -78 -149 -117 -17 -54 -183 -10 -140 -104 170 75 -129 -153 -162 45 -193 -93 -184
Change in working capital, etc. 463 -1,332 -644 -113 411 -734 49 69 560 -481 517 126 94 -790 237 -365 -1 -334 -349 305 -140 -83 68 201 458 -485 548 20 168 -404 222 84 28 -214 -33 167 128 -26 -64 -239 15 -164
Cash flow from operating activities 331 -339 1,692 1,899 2,484 754 1,154 1,072 1,301 365 1,252 687 548 -156 1,060 168 367 724 267 1,093 336 806 698 1,140 1,217 261 1,362 1,017 954 409 904 956 821 977 899 815 736 665 507 218 560 494
Investments in intangible assets, property, plant and equipment -798 -768 -990 -969 -815 -556 -472 -403 -451 -200 -309 -267 -392 -282 -577 -629 -844 -818 -1,027 -1,444 -1,527 -1,122 -1,457 -1,314 -892 -533 -708 -322 -323 -254 -514 -416 -496 -246 -480 -321 -301 -280 -360 -294 -454 -226
Acquisition of financial assets/contribution associated companies 1 -17 0 0 -7 -8 -24 0 0 -19 0 0 0 -2 -51 -5 0 -2 -6 - -6 -10 -2 -29 -12 -22 -38 - 0 0 -36 0 -2 0 0 0 -2 0 0 0 -3 0
Disposal/repayment of financial assets/other holdings - - 0 0 10 0 0 0 0 30 0 0 24 0 0 7 935 13 0 - 5 0 0 0 0 0 0 - 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales of subsidiary 1 - 0 0 0 0 29 0 - 0 0 0 - 0 50 7,658 0 0 -1 - 0 0 0 0 0 15 0 - 0 0 -2 943 0 0 0 0 0 0 0 0 0 0
Business combinations - - 0 0 -102 -6,026 0 0 - 0 0 0 0 0 0 5 -3,734 -45 0 - -36 0 0 0 0 0 0 - -6 0 0 0 0 0 0 0 0 0 0 9 0 0
Dividend from asociated companies 17 - 0 0 12 0 0 0 10 0 0 0 4 - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Disposal of property, plant and equipment - - 2 19 11 0 0 1 0 0 0 3 - 0 0 1 0 7 0 1 1 0 0 1 1 0 3 1 0 0 6 1 0 2 8 0 0 0 1 76 1 9
Change in interest-bearing receivables** -1 10
Cash flow from investing activities -780 -775 -988 -950 -891 -6,590 -467 -402 -441 -189 -309 -264 -364 -284 -578 7,037 -3,643 -845 -1,034 -1,443 -1,563 -1,132 -1,459 -1,342 -903 -540 -743 -321 -329 -254 -546 528 -498 -244 -472 -321 -303 -280 -359 -209 -456 -217
Change in interest-bearing receivables** - - 0 3 0 0 2 3 2 1 -2 -4 -1 1 0 0 0 0 0 -3 - 0 1 -1 0 0 -4 1 5 0 12 -6 -5 -1 -3 0 0 0 1 0 0 0
Change in interest-bearing liabilities 1,229 1,383 -2,265 -45 -3,550 4,223 -30 -80 -330 -574 -28 -72 -424 -78 -1,098 -3,411 3,748 340 893 387 1,389 1,194 8 419 -310 1,191 -411 -759 594 12 -527 -1,266 23 -917 -55 -350 -83 -594 -199 29 -139 -157
Buy-back of own shares - - - - - - - 0 0 0 - 0 0 0 0 0 -41 - - 0 0 -41 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Dividend to owners of the parent company -1,864 - 0 0 -890 0 0 0 -890 0 0 0 -889 0 -444 0 -445 0 0 - -890 0 0 0 -891 0 0 - -880 0 0 0 -651 0 0 0 -465 0 0 0 -413 0
Dividend to non-controlling interests - - 0 - - 0 0 0 0 0 0 - 0 0 0 0 0 0 - - 0 0 -1 0 0 0 - -62 -103 0 -76 0 0 0 0 0 0 0 0 0 0
Rights issue - - 0 0 3,419 - 0 0 0 0 0 0 0 0 0 0 0 0 0 - - 0 0 0 0 0 0 - 0 0 0 0 0 0 0 0 0 0 0 0 0 42
Sale of shares, incentive programme - - 0 - - 0 0 0 0 0 0 0 0 0 0 0 0 0 - - 0 0 0 0 0 0 - 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash flow from financing activities -635 1,383 -2,265 -42 -1,021 4,223 -28 -77 -1,218 -573 -30 -76 -1,314 -77 -1,542 -3,411 3,303 340 852 384 499 1,194 9 376 -1,201 1,191 -415 -758 -343 -91 -515 -1,348 -633 -918 -58 -350 -548 -594 -198 29 -552 -115
Total cash flow (=change in cash and cash equivalents) -1,084 269 -1,561 907 572 -1,613 659 593 -358 -397 913 347 -1,130 -517 -1,060 3,794 27 219 85 34 -728 868 -752 174 -887 912 204 -62 282 64 -157 136 -310 -185 369 144 -115 -209 -50 38 -448 162
Cash and cash equivalents at start of period 2,318 2,046 3,922 2,776 1,971 3,558 2,887 2,289 2,651 3,036 2,144 1,799 2,963 3,450 4,523 718 687 456 371 349 1,068 168 899 732 1,617 708 503 551 257 188 377 214 545 737 341 193 288 497 531 499 922 774
Translation differences in cash and cash equivalents 52 3 -315 239 233 26 12 5 -4 12 -21 -2 -34 30 -13 11 4 12 0 -12 9 32 21 -7 2 -3 1 14 12 5 -32 27 -21 -7 27 4 20 0 16 -6 25 -14
Cash and cash equivalents at the end of the period 1,286 2,318 2,046 3,922 2,776 1,971 3,558 2,887 2,289 2,651 3,036 2,144 1,799 2,963 3,450 4,523 718 687 456 371 349 1,068 168 899 732 1,617 708 503 551 257 188 377 214 545 737 341 193 288 497 531 499 922
*Recociliation of adjustments for non-cash items
SEKm
Depreciation, amortisation and impairment of assets 683 679 688 660 658 475
Financial items 81 19 582 -227 -240 -1
Disposal of non-current assets 1 3 22 -17 17 0
Pensions and other provisions -11 -13 -86 -17 -9 12
Electricity certificates and emission rights -157 -146 253 -95 -113 -114
Share of profit/loss in associates/impairment of investments -11 -3 36 -6 -6 -5
Share based payments 9 9 4 8 5 5
Other - - - - - -
Total non-cash items 595 548 1,499 306 312 372
** Moved to cash flow from investing activities from Q1 2023
Year to date 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
SEKm Jan-Jun Jan-Mar Jan-Dec Jan-Sep Jan-Jun Jan-Mar Jan-Dec Jan-Sep Jan-Jun Jan-Mar Jan-Dec Jan-Sep Jan-Jun Jan-Mar Jan-Dec Jan-Sep Jan-Jun Jan-Mar Jan-Dec Jan-Sep Jan-Jun Jan-Mar Jan-Dec Jan-Sep Jan-Jun Jan-Mar Jan-Dec Jan-Sep Jan-Jun Jan-Mar Jan-Dec Jan-Sep Jan-Jun Jan-Mar Jan-Dec Jan-Sep Jan-Jun Jan-Mar Jan-Dec Jan-Sep Jan-Jun Jan-Mar
Profit before tax 168 726 5,873 4,692 2,949 1145
Adjustments for non-cash items* 1,143 548 2,488 989 660 372
Tax paid -450 -281 -453 -109 -72 -29
Operating surplus, etc. 3,932 2,747 1,698 929 2,406 1,760 1,254 725 2,674 2,005 1,429 984 3,219 2,449 1,609 1,050 3,650 2,754 1,732 895 3,781 2,850 1,836 996 3,622 2,930 1,918 1,021 3,248 2,391 1,614 853 2,656 2,130 1,480 842
Net financial items, taxes, etc. -237 -157 -111 -83 -22 -111 -166 -91 108 -46 -3 74 -450 -296 -244 -161 -576 -310 -227 -149 -371 -254 -237 -183 -84 -74 66 170 -369 -444 -315 -162 -425 -470 -277 -184
Change in working capital, etc. -869 -1,332 -1,079 -435 -299 -734 197 148 79 -481 -53 -570 -696 -790 -463 -700 -335 -334 -267 82 -223 -83 242 174 -27 -485 332 -216 -236 -404 120 -102 -186 -214 236 269 102 -26 -452 -388 -149 -164
Cash flow from operating activities -8 -339 6,829 5,137 3,238 754 3,892 2,738 1,666 365 2,331 1,079 392 -156 2,319 1,259 1,091 724 2,502 2,235 1,142 806 3,316 2,618 1,478 261 3,742 2,380 1,363 409 3,658 2,754 1,798 977 3,115 2,216 1,401 665 1,779 1,272 1,054 494
Investments in intangible assets, property, plant and equipment -1,566 -768 -3,330 -2,340 -1,371 -556 -1,526 -1,054 -651 -200 -1,250 -941 -674 -282 -2,868 -2,291 -1,662 -818 -5,120 -4,093 -2,649 -1,122 -4,196 -2,739 -1,425 -533 -1,607 -899 -577 -254 -1,672 -1,158 -742 -246 -1,382 -902 -581 -280 -1,334 -974 -680 -226
Acquisition of financial assets/contribution associated companies 1 -17 -15 -15 -15 -8 -43 -19 -19 -19 -2 -2 -2 -2 -58 -7 -2 -2 -22 -16 -16 -10 -65 -63 -34 -22 -38 0 0 0 -38 -2 -2 0 -2 -2 -2 0 -3 -3 -3 0
Disposal/repayment of financial assets/other holdings -16 - 10 10 10 0 30 30 30 30 24 24 24 0 955 955 948 13 5 5 5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales of subsidiary - - 0 0 0 0 29 - - - - - - 0 7,708 7,658 0 0 -1 - - 0 15 15 15 15 0 0 0 0 941 943 0 0 0 0 0 0 0 0 0 0
Business combinations - - -6,128 -6,128 -6,128 -6,026 - - - - - - 0 -3,774 -3,774 -3,779 -45 -36 -36 -36 0 0 0 0 0 -6 -6 -6 0 0 0 0 0 0 0 0 0 9 9 0 0
Dividend from associated companies 17 10 12 12 12 0 10 10 10 - 4 4 4 - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Disposal of property, plant and equipment - - 32 30 11 0 1 1 - - 3 3 - 0 8 8 7 7 2 2 1 0 2 2 1 0 4 1 0 0 9 3 2 2 8 0 0 0 87 86 10 9
Change in interest-bearing receivables** 9 - - - - - - -
Cash flow from investing activities -1,555 -775 -9,419 -8,431 -7,481 -6,590 -1,499 -1,032 -630 -189 -1,221 -912 -648 -284 1,971 2,549 -4,488 -845 -5,172 -4,138 -2,695 -1,132 -4,244 -2,785 -1,443 -540 -1,647 -904 -583 -254 -760 -214 -742 -244 -1,376 -904 -583 -280 -1,241 -882 -673 -217
Change in interest-bearing receivables** - - 3 3 - - 8 6 3 1 -6 -4 0 1 0 0 0 0 -3 -3 - 0 0 -1 0 0 2 6 5 0 0 -12 -6 -1 -3 0 0 0 1 0 0 0
Change in interest-bearing liabilities 2,612 1,383 -1,637 628 673 4,223 -1,014 -984 -904 -574 -602 -574 -502 -78 -421 677 4,088 340 3,863 2,970 2,583 1,194 1,308 1,300 881 1,191 -564 -153 606 12 -2,687 -2,160 -894 -917 -1,082 -1,027 -677 -594 -466 -267 -296 -157
Buy-back of own shares - - - - - - - - - - - - - 0 0 0 0 0 -41 - - 0 -41 -41 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Dividend to owners of the parent company -1,864 -890 -890 -890 - -890 -890 -890 - -889 -889 -889 0 -889 -445 -445 0 -890 -890 -890 0 -891 -891 -891 0 -880 -880 -880 0 -651 -651 -651 0 -465 -465 -465 0 -413 -413 -413 0
Dividend to non-controlling interests - - - - - - - - - - - - 0 0 0 0 0 0 -- - 0 -1 -1 0 0 -165 -165 -165 -103 -76 -76 0 0 0 0 0 0 0 0 0 0
Rights issue - 3,419 3,419 3,419 - - - - - - - - 0 0 0 0 0 0 -- - 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 42 42 42 42
Sale of shares, incentive programme - - - - - - - - - - - - 0 0 0 0 0 0 -- - 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash flow from financing activities 748 1,383 895 3,160 3,202 4,223 -1,896 -1,868 -1,791 -573 -1,497 -1,467 -1,391 -77 -1,310 232 3,643 340 2,929 2,077 1,693 1,194 375 366 -10 1,191 -1,607 -1,192 -434 -91 -3,414 -2,899 -1,551 -918 -1,550 -1,492 -1,142 -594 -836 -638 -667 -115
Total cash flow (=change in cash and cash equivalents) -815 269 -1,695 -134 -1,041 -1,613 497 -162 -755 -397 -387 -1,300 -1,647 -517 2,980 4,040 246 219 259 174 140 868 -553 199 25 912 488 284 346 64 -516 -359 -495 -185 189 -180 -324 -209 -298 -248 -286 162
Cash and cash equivalents at start of period 2,046 2,046 3,558 3,558 3,558 3,558 3,036 3,036 3,036 3,036 3,450 3,450 3,450 3,450 456 456 456 456 168 168 168 168 708 708 708 708 188 188 188 188 737 737 737 737 497 497 497 497 774 774 774 774
Translation differences in cash and cash equivalents 55 3 183 498 259 26 25 13 8 12 -27 -6 -4 30 14 27 16 12 29 29 41 32 13 -8 -1 -3 32 31 17 5 -33 -1 -28 -7 51 24 20 0 21 5 11 -14
Cash and cash equivalents at the end of the period 1,286 2,318 2,046 3,922 2,776 1,971 3,558 2,887 2,289 2,651 3,036 2,144 1,799 2,963 3,450 4,523 718 687 456 371 349 1,068 168 899 732 1,617 708 503 551 257 188 377 214 545 737 341 193 288 497 531 499 922
*Recociliation of adjustments for non-cash items
SEKm
Depreciation, amortisation and impairment of assets 679 2,480 475
Financial items 19 114 -1
Disposal of non-current assets 3 22 0
Pensions and other provisions -13 -100 12
Electricity certificates and emission rights -146 -69 -114
Share of profit/loss in associates/impairment of investments -3 19 -5
Share based payments 9 22 5
Other - - -
Total non-cash items 548 2,488 372
** Moved to cash flow from investing activities from Q1 2023.