Cash flow statement

(SEK million) 2016 2015
Profit after financial items 579 232
Adjustments for non-cash items 1,001 1,062
- of which depreciation and impairment of assets 505 485
- capitalised and accrued interests 459 589
- other 37 -13
Tax paid -245 -26
     
Cash flow from operating activities before changes in working capital 1,335 1,268
Changes in inventories -165 -263
Changes in operating receivables -554 -191
Changes in operating liabilities 630 513
Cash flow from changes in working capital -89 60
Cash flow from operating activities 1,246 1,327
Cash flow from acquisition of assets, liabilities and operations -451 -49
Other cash flow from investing activities -79 -161
Cash flows from investing activities -530 -210
Cash flows before financing activities 716 1 117
Disposal of derivatives 455
Issued warrants 3
Acquisition of non-controlling interests -3
Proceeds from borrowings 8,651
Amortisation of borrowings -10,979 -510
Cash flow from financing activities -1,871 -513
CASH FLOW FOR THE PERIOD -1,155 604
Cash and cash equivalents at beginning of period 2,360 1,760
Exchange rate differences in cash and cash equivalents 4 -4
Cash and cash equivalents at end of period 1,209 2,360
Additional information    
Interest received  19 24
Interest paid -575 -619