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Consolidated cash flow statement
Restated
MEUR Note 1 Jan–31 Dec 2013 1 Jan–31 Dec 2012
Cash flows from operating activities
Profit for the period 524 159
Adjustments for
Income tax 14 37 74
Share of profit (loss) of associates and joint ventures 19 9 3
Depreciation and amortization 11 323 332
Other non-cash income and expenses 6 43
Financial expenses - net 13 71 91
Profit/loss from disposal of fixed assets and shares 8 -49 -46
921 656
Change in working capital
Decrease (+)/increase (–) in trade and other receivables 145 -106
Decrease (+)/increase (–) in inventories –6 13
Decrease (–)/increase (+) in trade and other payables –39 49
Change in working capital 100 -44
1,021 612
Interest and other finance cost paid -86 -86
Interest income received 4 0
Dividends received 0 0
Realized foreign exchange gains and losses -16 -20
Income taxes paid -84 -38
-182 -144
Net cash generated from operating activities 839 468
Cash flows from investing activities
Purchases of property, plant and equipment 17 -200 -269
Purchases of intangible assets 18 -14 -22
Purchases of other shares 0 -1
Proceeds from sale of subsidiaries, net of cash disposed 6 75 -
Proceeds from capital repayments in associates and joint ventures 19 - 2
Proceeds from sale of property, plant and equipment 2 79
Proceeds from sale of other shares - 0
Changes in non-current receivables 57 3
Net cash used in investing activities -80 -208
Cash flow before financing activities 759 260
Cash flows from financing activities
Payment of (–) / proceeds from (+) current interest-bearing liabilities -144 -173
Proceeds from non-current interest-bearing liabilities 8 1,022
Repayments of non-current interest-bearing liabilities -421 -914
Dividends paid to the owners of the parent -97 -90
Dividends paid to non-controlling interests -1 0
Net cash used in financing activities -655 -155
Net decrease (–)/increase (+) in cash and cash equivalents 104 105
Cash and cash equivalents at beginning of the period 410 304
Exchange gains (+)/losses (–) on cash and cash equivalents -8 1
Cash and cash equivalents at end of the period 24 506 410
The notes are an integral part of these consolidated financial statements.