Consolidated statement of cash flow

(SEK million) Note 2009 2008
Cash flow from operations      
Net income for the year   -2,008 2,927
Adjustments to reconcile net income/loss to net cash provided by operations 27 3,317 -1,009
Cash flow from operations   1,308 1,918
       
Changes in working capital      
Increase (-)/decrease (+) inventories   -143 -233
Increase (-)/decrease (+) other current receivables   572 -422
Increase (+)/decrease (-) accounts payable   -337 373
Increase (+)/decrease (-) other current liabilities   145 349
Total change in working capital   237 67
Net cash flow from operations   1,546 1,985
       
Investment activities      
Investment in tangible and intangible assets   -159 -156
Acquisitions of shares in subsidiaries and associated companies 4 -145 -6,466
Other investments in shares and securities   -7 -
Proceeds from sales of shares in subsidiaries and other companies 27 0 1,948
Other cash flow from investing activities   - -
Cash flow to investing activities   -311 -4,674
       
Financing activities      
Change in other long-term receivables   14 0
Borrowings   3,850 5,645
Loan amortisations   -4,990 -1,405
Change in other interest-bearing liabilities   11 85
Change in non-interest-bearing liabilities   20 0
Paid-in capital for employee share option programmes   2 80
Sale of MTG shares   3 -
Dividends and share buy-back   -329 -1,300
Dividends to minority shareholders   -21 -
Cash flow from/to financing activities   -1,441 3,105
       
Net change in cash and cash equivalents   -206 417
       
Cash and cash equivalents at beginning of year   975 521
Translation differences in cash and cash equivalents   -32 37
Cash and cash equivalents at end of year   737 975

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