Cash-flow statements, Group

January 1–December 31		Group
SEK 000s	Note	2009*	2010

OPERATING ACTIVITIES

Loss after financial items		– 151,585	– 239,904
Adjustment for non-cash flow items	26	83,882	65,472
		– 67,703	– 126,847
Tax paid		7,369	1,810
Cash flow from operating activities before changes in working capital		– 60,334	– 172,622

Changes in working capital
Inventories		89,695	33,532
Operating receivables		7,398	14,574
Non-interest-bearing liabilities		10,079	7,995
Cash flow from operating activities	27	46,838	– 116,521

Investing activities
Acquisition of subsidiaries/operations	28	—	– 2,312
Acquisition of intangible fixed assets		– 3,964	– 10,204
Divestment of intangible fixed assets		600	3,239
Acquisition of tangible fixed assets		– 8,663	– 5,977
Divestment of tangible fixed assets		3,258	—
Acquisition of financial fixed assets		– 224	– 628
Divestment of financial fixed assets		—	4
Cash flow from investing activities		– 8,993	– 15,878
Cash flow after investing activities		37,845	– 132,399

Financing activities
New share issue		159,993	—
Loans raised		50,000	157,127
Amortized loans		– 186,572	– 56,688
Dividends paid to Parent Company’s shareholders		—	—
Cash flow from financing activities		23,421	100,439

Cash flow for the year		61,266	– 31,960
Cash and cash equivalents at the beginning of the year		25,370	85,738
Exchange-rate difference in cash and cash equivalents		– 898	– 673
Cash and cash equivalents at the end of the year		85,738	53,105

Unutilized lines of credits
Granted, but unutilized lines of credit		151,104	3,805

Change in net loan debt
Net loan debt at beginning of the year		280,440	83,340
Change in interest-bearing liabilities		– 136,732	100,517
Change in cash and cash equivalents		– 60,368	32,633
Net loan debt at the end of the year		83,340	216,490

* Pertains to the abbreviated May to December 31, 2009 fiscal year.