Volvo 2008 Annual Report Download - page 133

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129
Financial information 2008
Cash-fl ow statements
SEK M 2007 2008
Operating activities
Operating income 5.922 14,815
Depreciation and amortization 1 7
Other adjustments of operating income Note 19 451 5,191
Changes in working capital:
(Increase)/decrease in receivables (131) (11)
Increase/(decrease) in liabilities and provisions (84) (47)
Interest and similar items received 202 116
Interest and similar items paid (711) (960)
Other fi nancial items 36 97
Income taxes paid/received (1,614) 367
Cash-fl ow from operating activities 4,072 19,575
Investing activities
Investments in fi xed assets (1) (116)
Shares and participations in Group companies, net Note 19 (2,927) 2,391
Shares and participations in non-Group companies, net Note 19 1,814 (1,892)
Interest-bearing receivables including marketable securities, net Note 19 (13) (1,127) 13 396
Cash-fl ow after net investments 2,945 19,971
Financing activities
Increase/(decrease) in loans Note 19 17,291 (8,831)
Cash payment to AB Volvo shareholders (20,255) (2,964) (11,150) (19,981)
Change in liquid funds (19) (10)
Liquid funds, January 1 29 10
Liquid funds, December 31 10 0
Liquid funds
Liquid funds include cash and bank balances and deposits at Volvo Treasury.