AAK Annual Report 2019

Consolidated Cash Flow Statement SEK million Note Jan–Dec 2019 Jan–Dec 2018 OPERATING ACTIVITIES Operating profit 2,142 1,956 Depreciation and amortization 14, 15, 16 687 552 Other non-cash items 29 246 -278 Cash flow before interest and tax 3,075 2,230 Interest received and other financial income 26 26 Interest paid and other financial expenses -148 -128 Tax paid -499 -483 Cash flow before changes in working capital 2,454 1,645 Changes in inventory -1,784 63 Changes in accounts receivables 86 -208 Changes in accounts payables 540 -538 Changes in other working capital items 262 128 Changes in working capital -896 -555 Cash flow from operating activities 1,558 1,090 INVESTING ACTIVITIES Acquisition of intangible assets -14 -23 Acquisition of property, plant and equipment -787 -702 Acquisition of operations and shares, net of cash acquired -535 - Proceeds from sale of property, plant and equipment 1 2 Cash flow from investing activities -1,335 -723 FINANCING ACTIVITIES Loans raised 29 1,878 1,751 Amortization of loans 29 -1,287 -1,462 Amortization of lease liability 16 -122 - Dividends paid -469 -412 Cash flow from financing activities 0 -123 Cash flow for the year 223 244 Cash and cash equivalents at beginning of year 737 480 Exchange rate difference for cash equivalents 22 13 Cash and cash equivalents at year-end 19 982 737 61