Cash-flow statement

Strong operating cash-flow

During 2011, operating cash flow in the Industrial Operations amounted to SEK 14.1 billion (19.0).

The cash flow within Industrial Operations was positively affected by the operating income and negatively affected by the increased working capital. Accounts receivables and inventories increased with SEK 3.1 and 7.1 billion respectively, partly offset by the increase of trade payables of SEK 9.9 billion.

Financial items and paid income taxes had a SEK 6.9 billion negative effect on cash flow within Industrial Operations, mainly through payments of interests and income tax.

Operating cash flow within Customer Finance was a negative SEK 14.1 billion (pos: SEK 1.4 billion), mainly due to increased customer financing-receivables.