Consolidated cash flow statement
SEKm | Note | 20121) | 2013 |
---|---|---|---|
Operations |
|
|
|
Operating income |
|
4,000 | 1,580 |
Depreciation and amortization |
|
3,251 | 3,356 |
Restructuring provisions |
|
457 | 1,855 |
Other non-cash items |
|
81 | 222 |
Financial items paid, net |
|
-673 | -540 |
Taxes paid |
|
-1,564 | -1,343 |
Cash flow from operations, excluding change in operating assets and liabilities |
|
5,552 | 5,130 |
Change in operating assets and liabilities |
|
|
|
Change in inventories |
|
-1,710 | 165 |
Change in trade receivables |
|
-119 | -1,932 |
Change in accounts payable |
|
3,086 | 609 |
Change in other operating liabilities and provisions |
|
271 | 483 |
Cash flow from change in operating assets and liabilities |
|
1,528 | -675 |
Cash flow from operations |
|
7,080 | 4,455 |
Investments |
|
|
|
Acquisition of operations | 26 | -164 | -205 |
Capital expenditure in property, plant and equipment | 12 | -4,090 | -3,535 |
Capital expenditure in product development | 13 | -477 | -442 |
Capital expenditure in computer software | 13 | -574 | -514 |
Other |
|
603 | -38 |
Cash flow from investments |
|
-4,702 | -4,734 |
Cash flow from operations and investments |
|
2,378 | -279 |
Financing |
|
|
|
Change in short-term investments |
|
206 | -25 |
Change in short-term borrowings |
|
-325 | 1,151 |
New long-term borrowings | 18 | 2,569 | 3,039 |
Amortization of long-term borrowings | 18 | -3,063 | -1,851 |
Dividend |
|
-1,868 | -1,860 |
Sale of shares |
|
212 | - |
Cash flow from financing |
|
-2,269 | 454 |
Total cash flow |
|
109 | 175 |
Cash and cash equivalents at beginning of period |
|
6,966 | 6,835 |
Exchange-rate differences referring to cash and cash equivalents |
|
-240 | -403 |
Cash and cash equivalents at end of period |
|
6,835 | 6,607 |
CEO Statement
![](../../styles/images/elux-ceo-small.jpg)
In 2013 we continued to deliver above our growth target and delivered 4.5% in organic sales growth.
CEO Statement
![](../../styles/images/elux-ceo-small.jpg)
I'm convinced that raising product efficiency for the growing middle class is where long-term shareholder value creation lies.
Our products
![](../../styles/images/our-products.png)
Electrolux is the only appliance manufacturer in the industry to offer complete solutions for both consumers and professionals. The focus is on innovative and energy-efficient products in the premium segments.
Sustainability
Achieving the Group's vision of sustainability leadership is crucial to realizing the business strategy. The objective is to develop smarter, more accessible, resource-efficient solutions that meet people's needs and improve their lives. Read the comprehensive sustainability performance review.
Awards & recognition
![](../../styles/images/awards-puff.png)
Financial Reporting
Net sales for the Electrolux Group in 2013 amounted to SEK 109,151m, as against SEK 109,994m in the previous year. The organic sales growth was 4.5%, while currencies had an impact of -5.3%.