Volvo 2014 Annual Report Download - page 172

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CASH FLOW STATEMENT
SEK M 2014 2013
Operating activities
Operating income 4,530 (1,597)
Depreciation and amortization 17 16
Other non-cash items Note 21 113 1,764
Total change in working capital whereof (159) 739
Change in accounts receivable 16 29
Change in trade payables (43) (65)
Other changes in working capital (132) 775
Interest and similar items received 18
Interest and similar items paid (944) (1,136)
Other fi nancial items (16) (61)
Group contributions received 832 5,628
Income taxes paid (20) (254)
Cash-fl ow from operating activities 4,354 5,107
Investing activities
Investments in fi xed assets (29) (37)
Disposals of fi xed assets 51 37
Investments and divestments of shares in group companies, net Note 21 (654) (5,033)
Investments and divestments of shares in non-group companies, net Note 21 (1) (1)
Interest-bearing receivables –(26)
Cash-fl ow after net investments 3,721 47
Financing activities
Change in loans, net Note 21 2,291 6,021
Dividends to AB Volvo shareholders (6,084) (6,084)
Other 72 16
Change in liquid funds 00
Liquid funds, beginning of year 00
Liquid funds, end of year 00
FINANCIAL INFORMATION 2014
168