Annual Report 2009 - Husqvarna Group

50 Husqvarna Annual Report 2009
Parent Company Cash Flow Statement
SEKm 2009 2008
Operations
Income after financial items 2,933 6,312
Depreciation according to plan charged against above 285 245
Adjustment for non-cash items 111 –28
Capital gain/loss included in operating income 1 –5,003
Cash flow from operations, excluding changein operating assets and liabilities 3,330 1,526
Taxes paid 141 –254
Cash flow from operations, excluding change in operating assets and liabilities 3,471 1,272
Change in operating assets and liabilities
Change in inventories 117 27
Change in trade receivables 78 19
Change in inter-company claims 2,618 18,631
Change in other current assets 619 –809
Change in current liabilities and provisions –2,239 2,451
Cash flow from operations 4,664 21,591
Investments
Acquisitions of operations –46 0
Sale of fixed assets 4 1
Change in shares and participations –533 –19,919
Capital expenditure in property, plant and equipment –139 –138
Intangible assets –151 –457
Cash flow from investments –865 –20,513
Total cash flow from operations and investments 3,799 1,078
Financing
Change in short-term loans –2,149 –7,226
Change in long-term loans –2,904 7,739
Change in short-term investments 0 199
Repurchase of own shares 0 –48
Rights issue 2,988 —
Dividend paid to shareholders 0 –862
Group contribution paid –1,154 –356
Cash flow from financing –3,219 –554
Total cash flow 580 524
Cash and cash equivalents at beginning of year 682 158
Cash and cash equivalents at year-end 1,262 682