Parent company cash flow statement

(SEK million)   2008 2007
Cash flow from operations      
Net income for the year   -8 6,225
       
Adjustments to reconcile net income/loss to net cash provided by operations:      
Revaluation shares available for sale   26 -30
Gain from sale of financial assets   - -6,000
Depreciation   1 1
Change in deferred tax   -87 -
Change in provisions   -14 11
Unrealised exchange difference   -155 34
Total adjustments to reconcile net income/loss to net cash provided by operations   -238 240
       
Changes in working capital      
Increase (-)/decrease (+) short-term receivables   -90 -43
Increase (+)/decrease (-) accounts payable   41 -2
Increase (+)/decrease (-) other liabilities   218 94
Total changes in working capital   169 49
       
Net cash flow from operations   -69 290
       
Investment activities      
Investment in shares in subsidiaries   -3,303 -
Cash flow to investing activities   -3,303 -
       
Financing activities      
Receivables/liabilities from Group companies   407 362
Paid-in capital for employee share option programmes   80 8
Dividends to shareholders   -983 -503
Share buy-back   -316 -307
Raise of loan   5,645 200
Loan amortisation   -1,405 -50
Cash flow from/to financing activities   3,428 -290
       
Net change in cash and cash equivalents   56 0
Cash and cash equivalents at beginning of year   3 3
Cash and cash equivalents at end of year   59 3

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