Consolidated cash flow statement
MEUR Note 31 Dec 2014 31 Dec 2013
Operating activities
Profit for the period 15.7 16.0
Adjustments 15.8 25.4
Change in working capital 2.7 -11.8
Dividend received 1.2 1.3
Interest received 0.2 0.1
Interest paid -2.5 -1.8
Taxes paid -6.6 -4.7
Net cash flow from operating activities 26.5 24.4
Investing activities
Acquisitions of tangible and intangible assets -3.5 -6.2
Proceeds from sale of tangible and intangible assets 1.0 0.0
Other investments -0.1 -0.0
Proceeds from sale of other investments 0.1
Acquisitions of subsidiaries less cash and cash equivalents at the time of sale 2 -0.2 -2.6
Proceeds from sale of subsidiaries less cash and cash equivalents at the time of sale 12.0 10.5
Acquisition and sale of associated companies 16 -0.7 0.4
Net cash flows from/(used in) investing activities 8.4 2.3
Cash flow before financing activities 34.9 26.7
Financing activities
Current loans taken 6.5 0.0
Current loans taken 152.5 143.5
Repayment of current loans -180.4 -160.5
Payments of finance lease liabilities -5.5 -5.5
Change in interest-bearing receivables 19 0.0
Dividends paid and capital repayment 21 -8.3 -8.7
Net cash flows from/(used in) financing activities -35.2 -31.2
Change in cash and cash equivalent funds increase (+) decrease (-) -0.3 -4.5
Cash and cash equivalents at beginning of period 20 12.3 17.1
Effect of change in foreign exchange rates 0.0 -0.3
Cash and cash equivalents at end of period 20 12.0 12.3
Further details for statement of cash flow
MEUR 1 Jan–31 Dec 2014 1 Jan–31 Jan 2013
Operating activities
Adjustments:
Depreciation, amortisation and impairment charges 13, 14 15.7 18.3
Share of results in associated companies 16 -1.7 4.1
Capital gains (losses) on the sale of fixed assets and other investments -0.9 -8.5
Finance income and expenses 10 2.7 0.5
Taxes 11 4.0 6.4
Change in provisions 25 -3.8 3.7
Other adjustments -0.2 0.9
Adjustments, total 15.8 25.4
Change in working capital:
Change in trade receivable 0.9 2.1
Change in inventories 0.1 -0.7
Change in trade payable 1.7 -13.2
Change in working capital, total 2.7 -11.8
Investing activities
Investments financed through finance leases 2.2 55.3
Gross capital expenditure, payment-based *) 3.6 6.2
Sold and purchased business operations, non-payment-based 8.6 1.4
Investments, total 14.4 62.8

Annual Review 2014

Financial Statements 2014

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