PARENT COMPANY CASH FLOW STATEMENT

Note 28

Cash flow statement

Adjustment for	Group		Parent Company
items not included in cash flow	2020/2021	2019/2020	2020/2021	2019/2020
Depreciation/amortisation	512	418	0	1
Revaluation of contingent considerations	9	-52	–	–
Gain/loss on sale of operations and non-current assets	0	-1	–	–
Change in pension liability	-4	2	2	2
Change in other provisions and accrued items	8	-4	–	–
Other	26	-9	5	-3
Total	551	354	7	0

For the Group, interest received during the year totalled SEK 4 million (4), and interest paid was SEK 26 million (19). For the Parent Company, interest received during the year was SEK 31 million (27), and interest paid was SEK 22 million (17).

Acquisitions
The following adjustments were made as a result of the value of assets and liabilities in companies acquired during the year, together with adjustments such as contingent considerations paid for acquisitions made in previous year:

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	2020/2021	2019/2020
Non-current assets	1,612	440
Inventories	138	82
Receivables	160	110
Cash and cash equivalents	285	65
Total	2,195	697
Interest-bearing liabilities and provisions	-237	-138
Non-interest-bearing liabilities and provisions	-553	-142
Total	-790	-280
Total adjustments of assets and liabilities	1,405	417

Consideration paid, the year’s acquisitions	-1,405	-417
Consideration paid, prior years’ acquisitions	-78	-79
Cash and cash equivalents in acquired companies	285	65
Effect on the Group’s cash and cash equivalents	-1,198	-431

All operations acquired during the year were consolidated in the accounts using the acquisition method.

Divestments
The following adjustments have been made as a result of the valuation of assets and liabilities in companies divested during the year:

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	2020/2021	2019/2020
Non-current assets	1	0
Inventories	4	0
Receivables	4	1
Cash and cash equivalents	22	0
Interest-bearing liabilities and provisions	–	–
Non-interest-bearing liabilities and provisions	-6	0
Divested net assets	25	1
Capital gains	2	0
Currency translation differences	-6	–
Consideration paid incl. contingent consideration	21	1
Less: Cash and cash equivalents in divested companies	-22	0
Less: Consideration not yet paid	-20	–
Effect on the Group’s cash and cash equivalents	-21	1

Cash and cash equivalents in the cash flow statement consist of cash and bank balances. The same definition used in determining cash and cash equivalents in the balance sheet has been applied in the cash flow statement.

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Reconciliation of debts arising from financing activities
	1 April 2020	Cash flows	Non-cash changes					31 March 2021
Group			Acquisitions of subsidiaries	Adjustment in income statement	Exchange rate differences	New lease contract	Ended lease contract
Bank overdraft facility	157	644	-	-	0	-	-	801
Liabilities to credit institutions	1,649	-336	6	-	-3	-	-	1,316
Other non-current interest-bearing liabilities	183	-2	232	21	-9	-	-	425
Lease liabilities	627	-192	51	9	-18	225	-26	676
Liabilities stemming from financing activities	2,616	114	289	30	-30	225	-26	3,218

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Reconciliation of debts arising from financing activities
	1 April 2019	Cash flows	Non-cash changes						31 March 2020
Group			Acquisitions of subsidiaries	Adjustment in income statement	Exchange rate differences	New lease contract	Ended lease contract	New accounting principle, IFRS 16
Bank overdraft facility	1,030	-873	-	-	0	-	-	-	157
Liabilities to credit institutions	739	897	10	-	3	-	-	-	1,649
Other non-current interest-bearing liabilities	229	1	-4	-48	5	-	-	-	183
Lease liabilities	-	-156	-	8	6	216	-5	558	627
Liabilities stemming from financing activities	1,998	-131	6	-40	14	216	-5	558	2,616

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Reconciliation of debts arising from financing activities
Parent Company	1 April 2020	Cash flows	31 March 2021
Bank overdraft facility	156	644	800
Liabilities to credit institutions	1,600	-300	1,300
Liabilities stemming from financing activities	1,756	344	2,100

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Reconciliation of debts arising from financing activities
Parent Company	1 April 2019	Cash flows	31 March 2020
Bank overdraft facility
Liabilities to credit institutions
Liabilities stemming from financing activities

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SEKm	Notes	2020/2021	2019/2020
OPERATING ACTIVITIES
Profit after financial items		378	-41
Adjustment for items not included in cash flow	28	7	0
Income tax paid		-54	-61
Cash flow from operating activities before changes in working capital		331	-102
Cash flow from changes in working capital
Changes in operating receivables		-4	-10
Changes in operating liabilities		-15	13
CASH FLOW FROM OPERATING ACTIVITIES		312	-99

INVESTING ACTIVITIES
Acquisition of property, plant and equipment and intangible non-current assets		0	-1
CASH FLOW FROM INVESTING ACTIVITIES		0	-1

FINANCING ACTIVITIES
Repurchase of treasury shares		-	-42
Exercised and issued call options		25	16
Change in loans	28	994	326
Repayment of loans	28	-650	-300
Change in receivables from Group companies		-1343	153
Change in liabilities to Group companies		940	-11
Dividend paid		-269	-336
Group contributions		-6	294
Other financing activities		-3	0
CASH FLOW FROM FINANCING ACTIVITIES		-312	100

CASH FLOW FOR THE YEAR		0	0

Cash and cash equivalents at beginning of year		0	0
CASH AND CASH EQUIVALENTS AT YEAR-END		0	0

ANNUAL REPORT 2020/2021

PARENT COMPANY CASH FLOW STATEMENT

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