Electrolux 1999 Annual Report Download - page 37

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Electrolux Annual Report 1999 35
Parent company cash-flow statement
1999 1998 1999 1998
SEKm SEKm EURm EURm
Operations
Income after financial items 2,797 2,020 327 236
Depreciation according to plan charged against above income 216 289 25 34
Capital gain/loss included in operating income –29 –77 –3 –9
2,984 2,232 349 261
Taxes paid –27 –48 –3 –6
Cash flow from operations excl. change in operating
assets and liabilities 2,957 2,184 346 255
Change in operating assets and liabilities
Change in inventories –37 –111 –4 –13
Change in accounts receivable –154 27 –18 3
Change in current intra-Group balances 1,736 –1,004 203 –117
Change in other current assets 78 –47 9–5
Change in current liabilities and provisions 217 –515 25 –60
Cash flow from operations 4,797 534 561 63
Investments
Change in shares and participations 5,810 –1,504 679 –176
Machinery, buildings, land, construction in progress, etc. –302 –250 –35 –29
Other –3,556 —–416 –
Cash flow from investments 1,952 –1,754 228 –205
Total cash flow from operations and investments 6,749 –1,220 789 –142
Financing
Change in short-term loans –1,371 –1,147 –160 –134
Change in long-term loans –2,584 2,159 –302 252
Dividend paid, cash –1,099 –915 –129 –107
Cash flow from financing –5,054 97 –591 11
Total cash flow 1,695 –1,123 198 –131
Liquid funds at beginning of year 2,036 3,159 238 369
Liquid funds at year-end 3,731 2,036 436 238
Change in net borrowings
Total cash flow excl. change in loans 5,650 –2,135 661 –250
Net borrowings at beginning of year –15,303 –13,168 –1,790 –1,540
Net borrowings at year-end –9,653 –15,303 –1,129 –1,790
Exchange rate: EUR 1 = SEK 8.55