Consolidated statement of cash flows

SEK m Note 23 2013 2012
Operating activities      
Operating profit/loss    10,274 212
Effects of acquisition of ICA AB   –8,051 -
Dividend from joint ventures   24 815
Adjustments for non-cash items   1,403 –281
Income tax paid   –429 –18
Cash flow from operating activities before change in working capital   3,221 728
       
Change in working capital      
Inventories (increase - /decrease +)   –37 56
Current receivables (increase - /decrease +)   822 –24
Current liabilities (increase + /decrease -)   252 54
ICA Bank’s net deposits, lending and investments   –283 -
Cash flow from operating activities   3,975 814
       
Investing activities      
Purchase of tangible and intangible non-current assets   –2,540 –57
Sale of tangible and intangible non-current assets   507 -
Loans issued    –8 -
Repayment of loans issued   11 -
Other financial non-current assets (increase -/decrease +)   1,168 –421
Interest received and dividends   35 42
Investments in joint ventures   –30 -
Acquisition of ICA AB 24 –15,739 -
Divestment of subsidiaries   11 170
Cash flow from investing activities   –16,585 –266
       
Financing activities      
Borrowings   26,775 112
Repayment of borrowings   –18,112 –95
Interest paid   –477 –31
Dividend paid   0 –491
New share issue   5,017 -
New share issue of preference shares in subsidiaries   3,000 -
Cash flow from financing activities   16,203 –505
       
Cash flow for the year   3,593 43
Cash and cash equivalents at beginning of year   291 248
Exchange differences in cash and cash equivalents   64 0
Cash and cash equivalents at year end   3,948 291