Consolidated cash flow statement
MEUR Note 31 Dec 2015 31 Dec 2014
Operating activities
Profit for the period 12.1 15.7
Adjustments 19.0 15.8
Change in working capital 5.9 2.7
Dividend received 1.7 1.2
Interest received 0.1 0.2
Interest paid -1.9 -2.5
Taxes paid -3.7 -6.6
Net cash flow from operating activities 33.2 26.5
Investing activities
Acquisitions of tangible and intangible assets -3.3 -3.5
Proceeds from sale of tangible and intangible assets 2.2 1.0
Other investments -0.1 -0.1
Proceeds from sale of other investments 1.0 0.0
Acquisitions of subsidiaries less cash and cash equivalents at the time of sale 2 -26.8 -0.2
Proceeds from sale of subsidiaries less cash and cash equivalents at the time of sale 5.3 12.0
Acquisition and sale of associated companies 16 -0.5 -0.7
Net cash flows from/(used in) investing activities -22.1 8.4
Cash flow before financing activities 11.1 34.9
Financing activities
Current loans taken 0.0 6.5
Current loans taken 45.0 152.5
Repayment of current loans -38.7 -180.4
Payments of finance lease liabilities -4.5 -5.5
Change in interest-bearing receivables 19 0.0 0.0
Dividends paid and capital repayment 21 -10.5 -8.3
Net cash flows from/(used in) financing activities -8.7 -35.2
Change in cash and cash equivalent funds increase (+) decrease (-) 2.4 -0.3
Cash and cash equivalents at beginning of period 20 12.0 12.3
Effect of change in foreign exchange rates 0.1 -0.0
Cash and cash equivalents at end of period 20 14.4 12.0
Further details for statement of cash flow
MEUR 1 Jan–31 Dec 2015 1 Jan–31 Dec 2014
Operating activities
Adjustments:
Depreciation, amortisation and impairment charges 13,14 16.8 15.7
Share of results in associated companies 16 -1.6 -1.7
Capital gains (losses) on the sale of fixed assets and other investments -2.0 -0.9
Finance income and expenses 10 2.5 2.7
Taxes 11 4.7 4.0
Change in provisions 25 0.4 -3.8
Other adjustments -1.9 -0.2
Adjustments, total 19.0 15.8
Change in working capital:
Change in trade receivable 0.5 0.9
Change in inventories -0.8 0.1
Change in trade payable 6.2 1.7
Change in working capital, total 5.9 2.7
Investing activities
Investments financed through finance leases -2.0 -2.2
Gross capital expenditure, payment-based *) -3.3 -3.6
Sold and purchased business operations, non-payment-based -54.9 -8.6
Investments, total -60.2 -14.4