Investor Relations
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Cash-flow statements

May 1–April 30   Group Parent Company
SEK 000s  Note 2007/08 2008/09 2009* 2007/08 2008/09 2009*
               
OPERATING ACTIVITIES               
               
Profit before tax    132,739 – 45,143 – 151,585 133,242 – 40,510 – 182,361
Adjustment for non-cash flow items  26 36,621 34,291 83,882 41,909 44,580 55,514
    169,360 – 10,852 – 67,703 175,151 4,070 – 126,847
Tax paid    – 60,674 – 31,953 7,369 –61,662 – 32,722 7,390
Cash flow from operating activities before changes in working capital   108,686 – 42,805 – 60,334 113,489 – 28,652 – 119,457
               
Changes in working capital              
Inventories   – 71,283 37,994 89,695 –49,414 26,318 55,729
Operating receivables   – 7,584 – 10,919 7,398 –45,470 – 12,637 45,362
Non-interest-bearing liabilities   – 5,579 39,745 10,079 –5,451 39,843 – 704
Cash flow from operating activities 28 24,240 24,015 46,838 13,154 24,872 – 19,070
               
Investing activities              
Acquisition of subsidiary/operation 29 – 1,670 – 8,213 — –2,736 – 8,213 —
Acquisition of intangible fixed assets   – 9,751 – 9,995 – 3,964 –10,113 – 9,995 – 3,964
Divestment of intangible fixed assets   — — 600 — — 600
Acquisition of tangible fixed assets   – 57,187 – 35,496 – 8,663 –37,045 – 22,428 – 7,274
Divestment of tangible fixed assets   2,000 — 3,258 2,000 — 741
Acquisition of financial fixed assets   — — – 224 — – 3,761 —
Divestment of financial fixed assets   216 797 — 649 — 23,236
Cash flow from investing activities   – 66,392 – 52,907 – 8,993 – 47,245 – 44,397 13,339
Cash flow after investing activities   – 42,152 – 28,892 37,845 –34,091 – 19,525 – 5,731
               
Financing activities               
New share issue    25,796 — 159,993 25,796 — 159,993
Loans raised    172,471 231,767 50,000 172,471 218,494 50,000
Amortized loans    – 39,768 – 132,378 – 186,572 – 32,500 – 127,500 – 173,854
Dividends paid to Parent Company’s shareholder   – 142,286 – 77,744 — –142,286 – 77,744 —
Cash flow from financing activities    16,213 21,645 23,421 23,481 13,250 36,139
               
Cash flow for the year    – 25,939 – 7,247 61,266 –10,610 – 6,275 30,408
Cash and cash equivalents at the beginning of the year    56,681 31,490 25,370 30,144 19,534 13,449
Exchange-rate difference in cash and cash equivalents    748 1,127 – 898 — 190 – 65
Cash and cash equivalents at the end of the year    31,490 25,370 85,738 19,534 13,449 43,792
               
Unutilized lines of credits               
Granted, but unutilized lines of credit    71,801 2,905 151,104 58,734 1,841 134,966
               
Change in net loan debt               
Net loan debt at beginning of the year    15,991 174,005 280,440 28,651 179,232 276,311
Change in interest-bearing liabilities    132,823 100,315 – 136,732 139,971 93,514 – 123,854
Change in cash and cash equivalents    25,191 6,120 – 60,368 10,610 6,085 – 30,343
Net loan debt at the end of the year    174,005 280,440 83,340 179,232 278,831 122,114
               
* Pertains to the abbreviated May to December 31, 2009 fiscal year.