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Financial ReportsConsolidated Cash Flow AnalysisSKr thousand Notes 2007 2006Continuing operationsOperating profit/loss for the period -24,530 116,310Adjustments 31 107,135 -38,266Dividends received from associate companies - 4,301Dividends received 14,081 13,022Interest received 7,084 5,683Interest paid -39,944 -14,632Income tax paid -12,228 -9,34852,318 77,070Change in working capital 31 -40,602 -22,383Cash flow from continuing operations 11,716 54,687Investment activitiesAcquisitions of subsidiariesafter deduction of acquired liquid funds 32 -63,753 -18,497Acquisition of interests in associate companies -18,866 -9,632Acquisition of intangible fixed assets -1,259 -7,293Acquisition of tangible fixed assets 14 -77,815 -41,390Sales of tangible fixed assets 9,466 7,476Acquisition of securities -199,793 -288,231Sales of securities 506,343 355,294Increase in long-term receivables 812 -3,480Cash flow from investment activities 155,135 -5,753Financing activitiesChange in utilised check account credits 31,423 14,409Loans raised 608,143 244,220Amortisation of loans -468,316 -213,903Dividends paid to parent company shareholders -46,415 -46,415Dividends paid to minority shareholders in subsidiaries -6,359 -8,327Redemption of shares in parent company -316,465 -Cash flow from financing activities 197,989 -10,016Cash flow for the year -31,138 38,918Opening liquid funds 134,139 95,771Currency differences, liquid funds 2,709 -550Closing liquid funds 21 105,710 134,13954