Electrolux 2005 Annual Report Download - page 51
Download and view the complete annual report
Please find page 51 of the 2005 Electrolux annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.Electrolux Annual Report 2005 47
Change in equity
SEKm Share capital Restricted reserves Retained earnings Total
Opening balance, January 1, 2004 1,621 2,941 15,225 19,787
Net income — — 2,192 2,192
Dividend payment — — –1,993 –1,993
Repurchase of shares, net — — –112 –112
Cancellation of A- and B-shares
and reduction of share capital –76 76 — —
Redemption of A- and B-shares — — –3,042 –3,042
Group contributions — — 886 886
Share-based payments 12 12
Write-down of revaluation fund — — –6 –6
Closing balance, December 31, 2004 1,545 3,017 13,162 17,724
Restatement IAS 39 –148 –148
Restated opening balance, January 1, 2005 1,545 3,017 13,014 17,576
Income for the period — — 1,997 1,997
Dividend payment — — –2,038 –2,038
Own shares sold — — 332 332
Group contribution — — 1,145 1,145
Share based payments — — 21 21
Revaluation of external shares — — 24 24
Closing balance, December 31, 2005 1,545 3,017 14,495 19,057
Cash-flow statement
SEKm 2005 2004
Operations
Income after financial items 1,682 1,764
Depreciation according to plan charged against above income 140 166
Capital gain/loss included in operating income –1,320 758
502 2,688
Taxes paid 17 –15
Cash flow from operations, excluding change in operating assets and liabilities 519 2,673
Change in operating assets and liabilities
Change in inventories 73 –53
Change in accounts receivable 18 25
Change in current intra-Group balances –5,150 1,252
Change in other current assets 105 116
Change in current liabilities and provisions –10 –151
Cash flow from operations –4,445 3,862
Investments
Change in shares and participations –109 –1,526
Machinery, buildings, land, construction in progress, etc. –158 –289
Divestment of brands 1,416 —
Other 2,420 1,413
Cash flow from investments 3,569 –402
Cash flow from operations and investments –876 3,460
Financing
Change in short-term loans –2,628 2,492
Change in long-term loans 3,026 –4,866
Dividend –2,038 –1,993
Redemption and repurchase of shares 332 –3,154
Cash flow from financing –1,308 –7,521
Total cash flow –2,184 –4,061
Liquid funds at beginning of year 4,706 8,767
Liquid funds at year-end 2,522 4,706
Change in net borrowings
Total cash flow, excluding change in loans –2,582 –1,687
Net borrowings at beginning of year –13,866 –12,179
Net borrowings at year-end –16,448 –13,866