Saab 2014 Annual Report Download - page 128

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FINANCIAL INFORMATION – NOTES
NOTE 45 UNTAXED RESERVES
Parent Company
MSEK 2014 2013
Tax allocation reserve:
Opening balance, 1 January 1,186 864
Provision for the year 432 322
Closing balance, 31 December 1,618 1,186
Accumulated accelerated depreciation
Buildings and land:
Opening balance, 1 January 18 32
Under depreciation for the year -12 -14
Closing balance, 31 December 6 18
Machinery and equipment:
Opening balance, 1 January 356 380
Under depreciation for the year -1 -24
Closing balance, 31 December 355 356
Total untaxed reserves, 31 December 1,979 1,560
NOTE 46 STATEMENT OF CASH FLOWS,
SUPPLEMENTAL INFORMATION
The Group’s free cash flow, and a reconciliation between free cash flow and cash
flow for the year from the statement of cash flows, are stated below.
FREE CASH FLOW
Group
MSEK 2014 2013
Cash flow from operating activities before
changes in working capital 1) 2,221 2,342
Working capital
Inventories -856 -147
Current receivables -282 -1,346
Advance payments from customers 21 278
Other current liabilities -914 -1,005
Provisions -536 -277
Change in working capital -2,567 -2,497
Cash flow from operating activities 2) -346 -155
Investing activities
Investments in intangible fixed assets -239 -68
Investments in tangible fixed assets -732 -543
Sale of tangible fixed assets 15 46
Sale of lease assets 105 81
Cash flow from investing activities 3) -851 -484
Operational cash flow -1,197 -639
Taxes and other financial items -367 -506
Sale of and investments in shares etc. 19 -247
Acquisitions of subsidiaries and associated companies 152 -68
Sale of subsidiaries and associated companies 299 -
Free cash flow -1,094 -1,460
1) Cash flow from operating activities before changes in working capital excluding taxes and
other financial items.
2) Cash flow from operating activities excluding taxes and other financial items.
3) Cash flow from investing activities excluding change in short-term investments and other
interest-bearing financial assets and excluding sale of and investment in financial assets,
investments in operations and associated companies and sale of subsidiaries and associated
companies.
FREE CASH FLOW VERSUS CASH FLOW FOR THE YEAR
IN STATEMENT OF CASH FLOWS
MSEK 2014 2013
Operating cash flow -1,094 -1,460
Investing activities – interest-bearing:
Short-term investments 720 1,936
Other financial investments and receivables 21 8
Dividend from joint ventures - 430
Financing activities:
Repayment of loans -468 -1,100
Raising of loans 1,000 845
Repurchase of shares -252 -
Dividend paid to the Parent Company’s shareholders -479 -477
Dividend paid to non-controlling interest -5 -1
Cash flow for the year -557 181
SUPPLEMENTAL INFORMATION ON STATEMENT
OF CASH FLOWS
Liquid assets
Group
MSEK 31-12-2014 31-12-2013
The following components are included
in liquid assets:
Cash and bank balances 1,284 651
Bank deposits - 1,113
Total according to the statement of
financial position 1,284 1,764
Total according to statement of cash flows 1,284 1,764
Parent Company
MSEK 31-12-2014 31-12-2013
The following components are included
in liquid assets:
Cash and bank balances 377 155
Bank deposits - 1,113
Total according to balance sheet 377 1,268
Total according to statement of cash flows 377 1,268
Interest paid and dividends received
Group Parent Company
MSEK 2014 2013 2014 2013
Dividends received 2 10 102 652
Interest received 72 98 186 181
Interest paid -51 -183 -190 -200
Total 23 -75 98 633
124 – SAAB ANNUAL REPORT 2014