20% - Assa Abloy

ASSA ABLOY
Annual Report 2007
86
Note 37
Note 37 Cash flow
Group
SEK M 2006 2007
Adjustments for non-cash items
Profit on sales of fixed assets 7 –58
Change of pension obligations 2 20
Other 1 –11
Adjustments for non-cash items 10 –49
Paid and received interest
Interest paid –758 –764
Interest received 50 30
Paid and received interest –708 –734
Change in working capital
Inventory increase/decrease (–/+) –526 –148
Accounts receivable increase/decrease (–/+) –487 –256
Accounts payable increase/decrease (–/+) 223 219
Other working capital increase/decrease (–/+) 86 160
Change in working capital –704 –25
Capital expenditure
Purchases of tangible and intangible assets –894 –1,050
Sales of tangible and intangible assets 155 299
Net capital expenditure –739 –751
Investments in subsidiaries
Acquired assets and liabilities according
to purchase price allocations
Intangible assets –3,091 –1,370
Tangible assets –130 –273
Inventory –185 –253
Accounts receivable –199 –206
Other receivables –34 –65
Minority interests –14 143
Long-term liabilities 223 117
Accounts payable 131 154
Other short-term liabilities 85 74
Acquired net debt –339 4
Purchase price –3,553 –1,675
Less, acquired cash and cash equivalents 369 100
Less, unpaid parts of purchase prices
Plus, paid parts of purchase prices relating to
67 251
previous years –5 –34
Investments in subsidiaries –3,122 –1,358
Investments in associates
Investments in associates 1 –
Investments in associates 1 –
Other investments
Investments in / sales of other shares –4 –13
Investments in / sales of other financial assets –7 –5
Other investments –11 –18
Comparatives for 2006 have been adjusted compared to
the 2006 Annual Report. Cash flow from operating activities
has been reduced by restructuring payments for the
year. Cash flow from financing activities has increased by
the same amount.