Investors

Consolidated cash flow statement

Amounts in SEK m	Note	2007	2006
Cash flow from operations
Operating income*		302	390
Depreciation on fixed assets		300	272
Interest paid		-79	-75
Taxes paid		-59	-99
Cash flow from operating activities before changes in working capital		464	488
Changes in working capital
Current receivebles		-108	-133
Inventories		-133	-66
Operating liabilities		89	113
Change in working capital		-152	-86
Cash flow from operating activities		312	402

Cash flow from investment activities
Investments in fixed assets		-462	-420
Sales of fixed assets		9	11
Acquisitions	26	-49	-31
Cash flow from investments		-502	-440

Cash flow from financing activities
Dividend paid to Haldx AB shareholders		-99	-88
Dividend paid to minorities		-1	-
Repurchase of Haldex shares		-24	-
Interest-bearing liabilities		249	140
Long-term receivables		-9	-3
Cash flow from financing activities		116	49
Change in cash and cash equivalents, excluding exchange rate differences		-74	11
Cash and cash equivalents at beginning of year		250	254
Exchange rate differences in cash and cash equivalents		6	-15
Cash and cash equivalents at year-end		182	250

* During the year, interest payments of SEK 10 m (7) were received.