Cash Flow

Year 2017/18 2016/17 2015/16 2014/15 2013/14
MSEK
Operating profit 468.3 609.9 506.4 596.0 530.5
Adjustment for items not included in cash flow 208.6 212.5 368.1 259.0 232.0
Interest received 0.7 0.7 1.9 2.3 2.0
Interest paid -1.9 -1.6 -0.8 -1.0 -2.4
Tax paid -131.8 -160.8 -133.0 -126.6 -90.1
Cash flow from operating activities before changes in working capital 543.9 660.6 742.6 729.7 672.0
Change in working capital -171.0 38.4 -38.0 -82.4 17.1
Cash flow from operating activities 372.8 698.9 704.6 647.3 689.1
Investments in intangible assets -124.0 -105.9 -133.4 -69.3 -40.9
Investments in tangible assets -149.0 -158.0 -141.0 -123.1 -131.2
Investments in securities held as fixed assets 0.1 0.0 0.0 0.0 0.0
Change in current investments 0.0 0.1 0.3 0.1 0.3
Cash flow from investing activities -497.2 -263.5 -274.1 -171.8 -171.8
Change in current liabilities, interest-bearing 0.0 0.0 0.0 0.0 0.0
Change in long-term liabilities, interest-bearing 0.0 0.0 0.0 0.0 0.0
Borrowings 0.0 0.0 0.0 0.0 200.0
Repayment of loans 0.0 0.0 0.0 0.0 -200.0
Change in long-term liabilities, non interest-bearing 0.0 0.0 0.0 0.0 0.0
Repurchase of own shares -20.9 -75.7 -47.9 -13.7 -21.7
Sale of own shares 26.1 19.7 43.3 14.4 6.2
Dividend to shareholders -395.0 -362.0 -331.3 -299.6 -268.1
Cash flow from financing activities -389.8 -418.0 -335.9 -298.9 -283.6
Cash flow for the period -514.2 17.5 94.6 156.1 233.7
Liquid assets at the start of the period 625.1 604.3 517.4 358.3 124.6
Exchange rate difference for liquid assets 4.9 3.3 -7.7 3.0 0.0
Liquid assets at the end of the period 115.8 625.1 604.3 517.4 358.3
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