SEK million | Notes | 2020/2021 | 2019/2020 |
OPERATING ACTIVITIES | | | |
Profit after financial items | | 937 | 1,105 |
Adjustment for items not included in cash flow | 28 | 551 | 354 |
Income tax paid | | -320 | -273 |
Cash flow from operating activities before changes in working capital | | 1,168 | 1,186 |
Cash flow from changes in working capital | | | |
Changes in inventories | | 58 | -88 |
Changes in operating receivables | | 249 | -90 |
Changes in operating liabilities | | 28 | 109 |
CASH FLOW FROM OPERATING ACTIVITIES | | 1,503 | 1,117 |
| | | |
INVESTING ACTIVITIES | | | |
Acquisition of property, plant and equipment | | -71 | -85 |
Disposal of property, plant and equipment | | 6 | 4 |
Acquisition of intangible non-current assets | | -20 | -20 |
Acquisition of operations, net liquidity effect | 28 | -1,198 | -431 |
Disposal of operations, net liquidity effect | 28 | -21 | 1 |
Change in financial assets | | 6 | -1 |
CASH FLOW FROM INVESTING ACTIVITIES | | -1,298 | -532 |
| | | |
FINANCING ACTIVITIES | | | |
Repurchases of treasury shares | | – | -42 |
Call options redeemed, issued and repurchased | | 25 | 16 |
Borrowings | 28 | 1,014 | 351 |
Loan repayments | 28 | -708 | -326 |
Amortisation of leases | 28 | -192 | -156 |
Other financing | | -4 | -4 |
Dividend paid to Parent Company’s shareholders | | -269 | -336 |
Dividend paid to non-controlling interests | | -4 | -10 |
CASH FLOW FROM FINANCING ACTIVITIES | | -138 | -507 |
| | | |
CASH FLOW FOR THE YEAR | | 67 | 78 |
| | | |
Cash and cash equivalents at beginning of year | | 363 | 295 |
Exchange rate difference in cash and cash equivalents | | -10 | -10 |
CASH AND CASH EQUIVALENTS AT YEAR-END | | 420 | 363 |