Electrolux 2005 Annual Report Download - page 37
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Consolidated cash flow statement
SEKm Note 2005 2004
Operations
Income after financial items 3,215 4,452
Depreciation and amortization 3,410 3,038
Capital gain/loss included in operating income 419 —
Restructuring provisions 2,164 1,224
Share-based compensation 88 47
Change in accrued and prepaid interest 58 52
9,354 8,813
Taxes paid –926 –1,673
Cash flow from operations,
excluding change in operating assets and liabilities 8,428 7,140
Change in operating assets and liabilities
Change in inventories –942 –1,516
Change in accounts receivable –1,813 –5
Change in other current assets 268 235
Change in accounts payable 511 2,238
Change in operating liabilities and provisions 88 490
Cash flow from operations 6,540 8,582
Investments
Divestment of operations Note 26 –370 —
Property, plant and equipment Note 12 –4,765 –4,515
Capitalization of product development and software Note 11 –553 –669
Other –139 –174
Cash flow from investments –5,827 –5,358
Total cash flow from operations and investments 713 3,224
Financing
Change in short-term investments –122 3,368
Change in short-term loans –783 540
New long-term borrowings 2,344 —
Amortization of long-term loans –4,091 –2,414
Dividend –2,038 –1,993
Redemption and repurchase of shares 355 –3,154
Cash flow from financing –4,335 –3,653
Total cash flow –3,622 –429
Cash and cash equivalents at beginning of year 7,675 8,207
Exchange-rate differences referring to cash and
cash equivalents 367 –103
Cash and cash equivalents at year-end 4,420 7,675
Change in net borrowings
Total cash flow, excluding change in loans –970 –1,923
Net borrowings at beginning of year –1,141 101
Exchange-rate differences referring to net borrowings –863 681
Net borrowings for the income period –2,974 –1,141