New Wave Group AB Q4_Feb_7_EN_HQ | Page 15

THE GROUP CONSOLIDATED CASH FLOW STATEMENT SEK million Operating activities Operating result Adjustment for items not included in cash flow Received interest Paid interest 3 months Oct - Dec 2018 3 months Oct - Dec 2017 12 months Jan - Dec 2018 12 months Jan - Dec 2017 209.4 172.5 482.8 469.1 16.9 20.2 74.4 76.4 -1.4 1.2 2.2 3.7 -11.4 -14.2 -43.2 -55.5 Paid income tax -29.4 -24.8 -86.5 -42.7 Cash flow from operating activities before changes in working capital 184.1 154.9 429.7 451.0 Changes in working capital Increase/decrease of stock 44.6 129.5 -494.0 -208.5 Increase/decrease of current receivables -3.6 -78.5 -27.5 -119.7 Increase/decrease of short-term liabilities Cash flow from changes in working capital -50.7 -71.4 314.4 85.0 -9.7 -20.4 -207.1 -243.2 Cash flow from operating activites 174.4 134.5 222.6 207.8 Investing activities Investments in tangible fixed assets -37.0 -16.9 -147.1 -86.9 1.1 3.8 4.3 5.5 Investments in intangible fixed assets -2.9 -25.5 -15.4 -29.4 Acquisition of financial fixed assets -0.5 0.0 -2.0 0.0 Raised long-term receivables -0.3 0.0 -2.9 0.0 Repayment of long-term receivables Cash flow from investing activities 0.0 0.9 0.0 0.2 -39.7 -37.7 -163.2 -110.6 Cash flow after investing activities 134.7 96.8 59.4 97.2 Sales of tangible fixed assets Financial activities Loan raised 0.0 0.0 152.1 0.0 Amortization of loan -15.9 -54.6 0.0 -16.7 Dividend paid to the shareholders of the parent company Cash flow from financial activities 0.0 0.0 -112.8 -89.6 -15.9 -54.6 39.3 -106.3 Cash flow for the period 118.8 42.2 98.7 -9.1 Liquid assets at the beginning of the period 192.6 155.6 202.4 218.9 0.8 4.6 11.1 -7.5 312.2 202.4 312.2 202.4 312.2 202.4 312.2 202.4 Translation differences in liquid assets Liquid assets at period-end Liquid assets Cash at bank and in hand 15