Electrolux 2002 Annual Report Download - page 35

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R   B  D  
    
C   
Amounts in SEKm, unless otherwise stated
Note 2002 2001 2000
Operations
Income after financial items 7,545 5,215 6,530
Depreciation and amortization 3,854 4,277 3,810
Capital gain/loss included in operating income –1,910 –2,931 –249
Provision for restructuring 1,551 1,975 877
Provision for pension litigation –913 –1,192 —
10,127 7,344 10,968
Taxes paid –1,027 –1,496 –2,329
Cash flow from operations excluding change
in operating assets and liabilities 9,100 5,848 8,639
Change in operating assets and liabilities
Change in inventories –706 1,164 –17
Change in accounts receivable 28 –50 –884
Change in other current assets 832 146 –3,002
Change in operating liabilities and provisions 1,651 2,374 1,363
Cash flow from operations 10,905 9,482 6,099
Investments
Trademark — — –450
Acquisition of operations   –1,542 –2,524 –496
Divestment of operations   3,771 7,385 1,126
Machinery, buildings, land,
construction in progress, etc. –3,335 –4,195 –4,423
Capitalization of product development and software –195 — —
Other 290 547 876
Cash flow from investments –1,011 1,213 –3,367
Total cash flow from operations and investments 9,894 10,695 2,732
Financing
Change in short-term loans   –2,096 –4,232 1,784
Change in long-term loans –2,061 173 –2,206
Dividend –1,483 –1,365 –1,282
Repurchase of shares –1,703 –1,752 –3,193
Cash flow from financing –7,343 –7,176 –4,897
Total cash flow 2,551 3,519 –2,165
Liquid funds at beginning of year 12,374 8,422 10,312
Exchange rate differences referring to liquid funds –625 433 275
Liquid funds at year-end 14,300 12,374 8,422
Change in net borrowings
Total cash flow excluding change in loans 6,708 7,578 –1,743
Net borrowings at beginning of year –10,809 –16,976 –13,423
Exchange rate differences referring to net liquidity 2,703 –1,411 –1,810
Net borrowings at year-end –1,398 –10,809 –16,976