Annual Report 2008 - Securitas

62
Annual report
Consolidated financial statements
Consolidated statement of cash flow
MSEK Note 2008 2007 2006
Operations
Operating income 3,086.6 2,368.8 2,123.4
Adjustment for effect on cash flow from items affecting comparability 11 –81.5 63.0 419.8
Adjustment for effect on cash flow from acquisition related restructuring costs 32.7 – –
reversal of depreciation and impairment losses 17, 18, 19, 20 942.1 1,215.4 856.5
Financial items received 794.6 448.4 785.1
Financial items paid –1,228.0 –844.6 –1,123.8
current taxes paid –803.5 –457.6 –509.8
change in accounts receivable 7.8 –780.6 –627.0
change in other operating capital employed 107.3 1,069.1 114.7
Cash flow from operations, continuing operations 2,858.1 3,081.9 2,038.9
Cash flow from operations, discontinued operations 39 436.8 302.3 1,686.6
Cash flow from operations, all operations 3,294.9 3,384.2 3,725.5
Investing activities
Investments in non-current tangible and intangible assets –977.0 –838.1 –666.7
Acquisition of subsidiaries 16 –1,001.6 –582.3 –360.8
Cash flow from investing activities, continuing operations –1,978.6 –1,420.4 –1,027.5
Cash flow from investing activities, discontinued operations 39 –764.5 –1,017.2 –1,521.5
Cash flow from investing activities, all operations –2,743.1 –2,437.6 –2,549.0
Financing activities
Dividend paid to shareholders of the Parent company –1,131.7 –1,131.7 –1,277.7
redemption of convertible debenture loans – –2,363.1 –
Proceeds from bond loans 425.8 – –
redemption of bond loans –4,694.6 – –3,240.1
Proceeds from other long-term borrowings 31 828.0 7,181.7 –
change in other interest-bearing net debt excluding liquid funds 4,373.2 –3,314.8 4,721.8
Cash flow from financing activities, continuing operations –199.3 372.1 204.0
Cash flow from financing activities, discontinued operations 39 –462.8 1,373.8 –2,448.3
Cash flow from financing activities, all operations –662.1 1,745.9 –2,244.3
Cash flow for the year –110.3 2,692.5 –1,067.8
Liquid funds at beginning of year 4,350.7 1,668.0 3,470.8
Translation differences on liquid funds 165.0 –9.8 –95.5
Effect on liquid funds of discontinued operations 39 –453.9 – –639.5
Liquid funds at year-end 28 3,951.5 4,350.7 1,668.0
Supplementary information – Change in interest-bearing net debt in 2008
Opening
balance 2008
cash Flow
for the year,
all operations
changes
in loans 1 ,
all operations
revaluation
of financial
i nstruments,
all operations
Translation
differences,
all operations
Effect of
discontinued
operations
closing
balance 2008
Liquid funds 4,350.7 –110.3 – – 165.0 –453.9 3,951.5
Other net debt –14,228.7 – –469.6 –178.2 –1,478.1 2,990.5 –13,364.1
Interest-bearing net debt –9,878.0 –110.3 –469.6 –178.2 –1,313.1 2,536.6 –9,412.6
1 Refers to the net effect of the proceeds from bond loans MSEK –425.8, redemption of bond loans MSEK 4,694.6, proceeds
from other long-term borrowings MSEK –828.0, change in other interest-bearing net debt excluding liquid funds MSEK –4,373.2
and the change of MSEK 462.8 in interest-bearing net debt excluding liquid funds of discontinued operations.
Securitas Annual report 2008