Saab 2015 Annual Report Download - page 114

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FINANCIAL INFORMATION – FINANCIAL STATEMENTS
NOTE 42 UNTAXED RESERVES
Parent Company
MSEK 2015 2014
Tax allocation reserve:
Opening balance, 1 January 1,618 1,186
Provision for the year 142 432
Closing balance, 31 December 1,760 1,618
Accumulated accelerated/under depreciation
Buildings and land:
Opening balance, 1 January 6 18
Under depreciation for the year -10 -12
Closing balance, 31 December -4 6
Machinery and equipment:
Opening balance, 1 January 355 356
Accelerated/under depreciation for the year 28 -1
Closing balance, 31 December 383 355
Total untaxed reserves, 31 December 2,139 1,979
NOTE 43 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 2015 2014
Cash flow from operating activities before
changes in working capital1) 2,706 2,221
Working capital
Inventories 349 -856
Current receivables -3,573 -282
Advance payments from customers 284 21
Other current liabilities 1,426 -914
Provisions -306 -536
Change in working capital -1,820 -2,567
Cash flow from operating activities2) 886 -346
Investing activities
Investments in intangible fixed assets -594 -239
Investments in tangible fixed assets -799 -732
Sale of tangible fixed assets 7 15
Sale of lease assets - 105
Cash flow from investing activities3) -1,386 -851
Operational cash flow -500 -1,197
Taxes and other financial items -528 -367
Sale of and investments in shares etc. 221 19
Acquisitions of subsidiaries and associated companies -235 152
Sale of subsidiaries and associated companies 316 299
Free cash flow -726 -1,094
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 2015 2014
Free cash flow -726 -1,094
Investing activities – interest-bearing:
Short-term investments -1,722 720
Other financial investments and receivables -353 21
Financing activities:
Repayment of loans -1,865 -468
Raising of loans 4,758 1,000
Repurchase of shares - -252
Dividend paid to the Parent Company’s shareholders -501 -479
Dividend paid to non-controlling interest -10 -5
Cash flow for the year -419 -557
SUPPLEMENTAL INFORMATION ON STATEMENT OF CASH FLOWS
Liquid assets
Group
MSEK 31-12-2015 31-12-2014
The following components are included
in liquid assets:
Cash and bank balances 850 1,284
Total according to the statement of
financial position 850 1,284
Total according to statement of cash flows 850 1,284
Parent Company
MSEK 31-12-2015 31-12-2014
The following components are included
in liquid assets:
Cash and bank balances 211 377
Total according to balance sheet 211 377
Total according to statement of cash flows 211 377
Interest paid and dividends received
Group Parent Company
MSEK 2015 2014 2015 2014
Dividends received 25 2 47 102
Interest received - 72 171 186
Interest paid -74 -51 -103 -190
Total -49 23 115 98
110 – SAAB ANNUAL REPORT 2015