AAK Annual Report 2017

47 Consolidated Cash Flow Statement Jan–Dec Jan–Dec SEK million Note 2017 2016 OPERATING ACTIVITES 2SHUDWLQJ SUR¿W Depreciation and amortization 491 464 Other non-cash items 29 -263 -37 &DVK ÀRZ EHIRUH LQWHUHVW DQG WD[ ,QWHUHVW UHFHLYHG DQG RWKHU ¿QDQFLDO LQFRPH ,QWHUHVW SDLG DQG RWKHU ¿QDQFLDO H[SHQVHV Tax paid -413 -403 &DVK ÀRZ EHIRUH FKDQJHV LQ ZRUNLQJ FDSLWDO Changes in inventory 21 -818 Changes in accounts receivables -341 -489 Changes in accounts payables -18 814 Changes in other working capital items -50 230 Changes in working capital -388 -263 &DVK ÀRZ IURP RSHUDWLQJ DFWLYLWHV INVESTING ACTIVITIES Acquisition of intangible assets -37 -11 Acquisition of property, plant and equipment -780 -966 Acquisition of operations and shares, net of cash acquired - -449 Proceeds from sale of property, plant and equipment 7 5 &DVK ÀRZ IURP LQYHVWLQJ DFWLYLWHV FINANCING ACTIVITIES Subscription warrants 37 - Loans raised 29 2,377 2,172 Amortization of loans 29 -2,410 -1,527 Dividends paid -370 -328 &DVK ÀRZ IURP ¿QDQFLQJ DFWLYLWHV &DVK ÀRZ IRU WKH \HDU Cash and cash equivalents at beginning of year 586 459 Exchange rate difference for cash equivalents -29 18 Cash and cash equivalents at year-end 19 480 586