Annual Report 2010 - CDON Group

46 CDON Group AB
Annual report 2010
CDON Group AB
Annual report 2010
Consolidated statement of cash flow
(SEK thousands) Note 2010 2009
Operating activities
Profit before tax 115,829 113,331
Adjustments for items not included in cash flow 25 12,363 14,372
Income tax paid -2,030 -
Cash flow from operating activities 126,162 127,703
Cash flow from changes in working capital
Increase (–)/decrease (+) in inventories -95,492 -3,887
Increase (–)/decrease (+) in other current receivables 9,648 72,909
Increase (+)/decrease (-) of accounts payable 40,133 -39,635
Increase (+)/decrease (-) of other non-current liabilities 12,835 61,848
Total change in working capital -32,876 91,235
Net cash flow from operations 93,286 218,938
Investing activities
Investments in activities 5 -4,459 -6,231
Investments in other non-current assets -5,373 -3,226
Other cash flow from investing activities - 3,861
Cash flow to investing activities -9,832 -5,596
Financing activities
New share issue 594 -
Acquisition of shares from non-controlling interest 5 -21,033 -
Group contributions paid -126,400 -79,146
Cash pool accounts, net 250,647 -25,760
Issue of convertible loan 27 250,000 -
Dividend to shareholders - -150,000
Cash flow from/to financing activities 353,808 -254,906
Change in cash and cash equivalents 437,262 -41,564
Cash and cash equivalents at year’s start 3,045 42,046
Exchange rate difference for cash and cash equivalents -8,964 2,563
Cash and cash equivalents, year’s end 431,343 3,045