Volvo 2006 Annual Report Download - page 145

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Financial information 2006 141
Cash-flow statements
SEK M 2004 2005 2006
Operating activities
Operating income 4,793 5,615 7,940
Depreciation and amortization 1 1 1
Other items not affecting cash Note 20 (4,726) 1,222 (2,676)
Changes in working capital:
(Increase)/decrease in receivables 111 13 (155)
Increase/(decrease) in liabilities and provisions (20) (40) (163)
Interest and similar items received 282 272 325
Interest and similar items paid (210) (220) (314)
Other fi nancial items 32 26 21
Income taxes paid/received 75 – (2,066)
Cash fl ow from operating activities 338 6,889 2,913
Investing activities
Investments in fi xed assets (2) 0 0
Disposals of fi xed assets 4 7 –
Shares and participations in
Group companies, net Note 20 (670) 348 (162)
Shares and participations in
non-Group companies, net Note 20 15,082 1 (5,737)
Interest-bearing receivables
including marketable securities, net Note 20 0 14,414 988 1,344 – (5,899)
Cash fl ow after net investments 14,752 8,233 (2,986)
Financing activities
Increase/(decrease) in loans Note 20 (3,180) (975) 2,743
Cash dividend to AB Volvo shareholders (3,356) (5,055) (6,775)
Repurchase of own shares (2,532) (9,068) (1,764) (7,794) – (4,032)
Change in liquid funds 5,684 439 (7,018)
Liquid funds, January 1 924 6,608 7,047
Liquid funds, December 31 6,608 7,047 29
Liquid funds
Liquid funds include cash and bank balances and deposits at Volvo Treasury.