Atlas Copco - Annual Report 1999

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ATLAS COPCO GROUP Cash Flow Statement 12 ATLAS COPCO 1999 Group Atlas Copco AB Amounts in SEK m. 1999 1998 1999 1998 Operations Operating profit 4,470 4,345 –11 –91 Depreciation and amortization 2,616 1,876 2 4 Capital gain/loss and other non-cash items –399 –268 –21 0 Operating cash surplus 6,687 5,953 –30 –87 Net financial income/expense –1,061 –718 1,267 1,423 Dividends from associated companies 2 83 – 81 Cash flow from equity hedge/other items –70 –191 Taxes paid –963 –965 –170 –199 Cash flow before change in working capital 4,595 4,162 1,067 1,218 Change in Inventories 436 73 Operating receivables –760 –173 –179 107 Operating liabilities 344 –457 461 –183 Change in working capital 20 –557 282 –76 Cash flow from operations 4,615 3,605 1,349 1,142 Investments Investments in tangible fixed assets Note B –3,281 –2,447 –3 –8 Sale of tangible fixed assets Note B 1,066 956 29 – Company acquisitions/divestments Note C –13,894 –873 210 227 Other investments, net 13 35 Cash flow from investments –16,096 –2,329 236 219 Financing Dividends paid –832 –787 –826 –780 New issue of shares 4,125 – 4,125 – Change in interest-bearing liabilities Note C 7,378 –56 –5,068 –163 Cash flow from financing 10,671 –843 –1,769 –943 Cash flow after financing –810 433 –184 418 Liquid Funds Liquid funds at beginning of year 2,118 1,613 525 107 Cash flow after financing –810 433 –184 418 Exchange-rate difference in liquid funds –22 72 Liquid funds at year-end 1,286 2,118 341 525
Notes to Atlas Copco Group Cash Flow Statement SEK m. unless otherwise noted Net cash flow Group 1999 1998 Cash flow from operations 4,615 3,605 Cash flow from investments excl. company acquisitions/divestments –2,202 –1,456 Cash flow from operations before financing 2,413 2,149 Company acquisitions/divestments Note C –13,894 –873 Dividends paid –832 –787 New issue of shares 4,125 – Net cash flow Note A –8,188 489 Five Year Summary of Cash Flow Statements 1995 –1999 Operating cash surplus after tax 18,813 Of which depreciation added back 7,835 Change of working capital –601 Cash flow from operations 18,212 Investments in tangible fixed assets –9,585 Sale of tangible fixed assets 3,263 Company acquisitions/divestments –29,687 Cash flow from investments –36,009 Dividends paid –3,307 New issue of shares 4,125 Net cash flow –16,979 Cash Flow and Investments SEK m. 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 95 96 97 98 Operating cash surplus Investments 99 Net Indebtedness SEK m. 5,000 0 –5,000 –10,000 –15,000 – 20,000 95 96 97 98 Net indebtedness Net indebtedness excl. provision for pensions 99 A Net indebtedness ATLAS COPCO GROUP 1995 1996 1997 1998 1999 Net indebtedness, Jan. 1 –351 –3,166 –1,899 –10,214 –10,052 Net cash flow Currency exchange- –3,143 1,322 –7,459 489 –8,188 rate effects 328 –55 –856 –327 –1,085 Net from operations Net indebtedness, –2815 1,267 –8,315 162 –9,273 Dec. 31 –3,166 –1,899 –10,214 –10,052 –19,325 Provision for pensions Net indebtedness, excluding Provision 1,910 1,924 2,016 1,940 1,450 for pensions, Dec. 31 –1,256 25 –8,198 –8,112 –17,875 B Investments in/sales of fixed assets 1999 1998 Investments in tangible fixed assets Rental equipment 2,342 1,594 Property and machinery 939 853 3,281 2,447 Sale of tangible fixed assets Rental equipment 839 557 Property and machinery 227 399 1,066 956 C Company acquisitions/divestments The fair value of assets acquired and liabilities assumed from companies acquired/divested during the year: Fixed assets 14,442 Inventories 390 Receivables 1,110 Liquid funds 198 Loans –8,050 Other liabilities and provisions –1,831 Capital gain net, divested companies –217 Purchase price 6,042 Liquid funds in acquired/divested companies –198 Loans in acquired/divested companies 8,050 13,894 Loans in acquired/divested companies are included in the cash flow statement under change in interest-bearing liabilities. ATLAS COPCO 1999 13
Page 1 and 2: Atlas Copco Annual Report 1999 99 A
Page 3 and 4: Atlas Copco 1999 Revenues Group rev
Page 5 and 6: The Board of Directors’ Report on
Page 7 and 8: Wuxi compressor plant in China exte
Page 9 and 10: ponding to a margin of 6.9 percent
Page 11 and 12: Product development 1999 1998 Resea
Page 13: Consolidated Balance Sheet ATLAS CO
Page 17 and 18: Notes to the Financial Statements S
Page 19 and 20: The Parent Company reports all leas
Page 21 and 22: Remuneration and other fees for mem
Page 23 and 24: 8 Taxes Group Parent Company 1999 1
Page 25 and 26: NOTES TO THE FINANCIAL STATEMENTS N
Page 27 and 28: 18 Shareholders’ equity Group Sha
Page 29 and 30: 23 Current liabilities to credit in
Page 31 and 32: Goodwill The Group applies an amort
Page 33 and 34: Number of Per- Book shares cent val
Page 35 and 36: ing this report in February 2000, t
Page 37 and 38: for sale and recorded at fair value
Page 39 and 40: On January 1, 1999, the Rental Serv
Page 41 and 42: fully served previously. The Prime
Page 43 and 44: ATLAS COPCO AND THE BUSINESS ENVIRO
Page 45 and 46: Distribution of Revenues by Busines
Page 47 and 48: Investments The business area inves
Page 49 and 50: Lead time cut from 35 days to six T
Page 51 and 52: Premier web pages improve informati
Page 53 and 54: Structural changes To adjust to dep
Page 55 and 56: Protecting operator and environment
Page 57 and 58: Uniroc offers full service to Mount
Page 59 and 60: ics for the end-user. Also, in-hous
Page 61 and 62: Starting in October 1999 and runnin
Page 63 and 64: Moving customer-supplier relationsh
Page 65 and 66:
efficient way to develop already es
Page 67 and 68:
A hub system to serve non-urban are
Page 69 and 70:
Internet Makes Impact as Business T
Page 71 and 72:
Evaluation of power tools To develo
Page 73 and 74:
Excellence in Sales Every year, the
Page 75 and 76:
ight to existing shareholders. The
Page 77 and 78:
Five Years in Summary Atlas Copco G
Page 79 and 80:
Summary in USD and EUR Atlas Copco
Page 81 and 82:
Consolidated Balance Sheet in USD a
Page 83 and 84:
Group Management Giulio Mazzalupi P
Page 85 and 86:
Kurt Hellström Ulla Litzén Tore H
Page 87 and 88:
Addresses Group Center Atlas Copco
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Atlas Copco - Annual Report 1999

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