Cash flow statement

SEK million 2016201520142013
Cash flow from operating activities before changes in working capital  1,318 1,315 970  790
Changes in working capital -111 -239 -66  69
Cash flow from operating activities 1,207 1,076 904  859
Net capital expenditures in non-current assets -320 -221 -124  -206
Company acquisitions and divestments -1,164 -878 -585  -444
Change in other financial assets 8 -1 1
Cash flow from investing activities -1,476 -1,100 -706  -649
Net borrowings 620 303 165  88
Dividend paid out -360 -310 -282  -282
Cash flow from financing activities 260 -7 -117  -194
Cash flow for the period -9 -31  81 16
Cash and cash equivalents at start of year 339 357  261 243
Exchange rate differences 2 13  15 2
Cash and cash equivalents at end of year 332 339   357 261