Parent company cash flow
statements

SEK in millions

Note

 

Jan–Dec 2016

Jan–Dec 2015

Net income

   

10,367

11,685

Adjustments for:

       

Amortization, depreciation and impairment losses

   

2,877

225

Capital gains/losses on sales/discards of non-current assets

   

-118

48

Pensions and other provisions

   

12,942

8

Financial items

   

3,539

-1,382

Group contributions and appropriations

   

-11,567

-6,376

Income taxes

   

-641

989

Cash flow before change in working capital

   

17,399

5,197

Increase (-)/Decrease (+) in operating receivables

   

-103

444

Increase (+)/Decrease (-) in operating liabilities

   

-46

-801

Change in working capital

   

-150

-358

Cash flow from operating activities

   

17,249

4,839

Intangible and tangible non-current assets acquired

   

-7

0

Repayment of capital in subsidiary

   

501

380

Equity instruments acquired

   

-1,495

-7,663

Equity instruments and operations divested

   

3,342

4,817

Loans granted and other similar investments

   

-11,195

-11,775

Net change in interest-bearing current receivables

   

1,719

3,303

Repayment of long-term loans

   

2,716

711

Cash flow from investing activities

   

-4,419

-10,227

Cash flow before financing activities

   

12,830

-5,388

Repurchased treasury shares including transaction costs

   

-5

-14

Dividend to shareholders

   

-12,990

-12,990

Group contributions net

   

7,394

7,980

Proceeds from long-term borrowings

   

-337

8,050

Repayment of long-term borrowings

   

-6,843

-8,173

Change in short-term borrowings

   

-3,362

3,336

Settlement of derivative contracts for economic hedges and CSA

   

1,180

450

Cash received for repurchase agreements

   

6,975

Cash paid for repurchase agreements

   

-6,416

Cash flow from financing activities

   

-14,403

-1,361

Change in cash and cash equivalents

   

-1,573

-6,748

         

Cash and cash equivalents, opening balance

   

13,558

20,379

Change in cash and cash equivalents

   

-1,573

-6,748

Exchange rate differences in cash and cash equivalents

   

247

-73

Cash and cash equivalents, closing balance

P12

 

12,232

13,558

         

Dividends received

   

21,796

7,917

Interest received

   

884

1,660

Interest paid

   

-2,198

-2,866

Income taxes paid

   

-1,754

-206