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Changes in Parent Company Equity
Restricted equity Unrestricted equity  
MSEK Note Share Capital Restricted
reserve		 Repurchase
of own shares		 Hedge reserve Retained
earnings,
incl. profit for the year		 Total equity
  13            
Equity at January 1, 2006   390 80 –5,918 – 11,312 5,864
Group contributions paid   – – – – –26 –26
Tax effect of Group contribution   – – – – 7 7
Total income (expense) recognized directly in equity,              
excluding transactions with equity holders   390 80 –5,918 – 11,293 5,845
Profit for the year         – 6,619 6,619
Total recognized income and expense for the period,              
excluding transactions with equity holders   390 80 –5,918 – 17,912 12,464
Reduction of statutory reserve   – –80 – – 80 –
Dividends   – – – – –627 –627
Cancellation of shares   –56 – 56 – – –
Bonus issue   56 – –56 – – –
Repurchase of own shares   – – –3,679 – – –3,679
Stock options exercised   – – 94 – – 94
Share-based payments, IFRS 2   – – – – 1 1
Equity at December 31, 2006   390 – –9,503 – 17,366 8,253
Equity at January 1, 2007   390 – –9,503 – 17,366 8,253
Group contributions paid   – – – – –36 –36
Valuation of financial instruments to fair market value   – – – 38 – 38
Tax effect on items reported directly in equity   – – – –10 10 –1
Total income (expense) recognized directly in equity,              
excluding transactions with equity holders   390 – –9,503 28 17,340 8,254
Profit for the year   – – – – 17,039 17,039
Total recognized income and expense for the period,              
excluding transactions with equity holders   390 – –9,503 28 34,379 25,293
Dividends   – – – – –664 –664
Cancellation of shares   –18 – 18 – – –
Bonus issue   18 – –18 – – –
Repurchase of own shares   – – –2,575 – – –2,575
Stock options exercised   – – 122 – – 122
Share-based payments, IFRS 2   – – – – 6 6
Equity at December 31, 2007   390 – –11,956 28 33,720 22,182
Cash Flow Statement for the Parent Company
MSEK Note 2007 2006
  21    
Operating activities      
Profit after financial items   16,998 6,893
Adjustments for non-cash items and other   –16,712 3
Income tax received /paid   25 –836
Cash flow from operating activities before changes in working capital   311 6,060
Cash flow from changes in working capital       
Increase (–)/Decrease (+) in operating receivables   –12 1
Increase (+)/Decrease (–) in operating liabilities   –12 21
Cash flow from operating activities   287 6,082
Investing activites      
Purchase of property, plant and equipment   –2 –
Purchase of intangible assets   –1 –
Acquisition of subsidiaries   –413 –11
Proceeds from sale of subsidiaries   335 –
Shareholders contribution paid   –1,325 –4,646
Change in other investments   53 274
Cash flow used in investing activities   –1,353 –4,383
Financing activities      
Repurchase of own shares   –2,575 –3,674
Stock options exercised   122 94
Proceeds from long-term borrowings   2,248 5,457
Repayment of borrowings   –298 –1,549
Dividends paid   –664 –627
Group contributions paid   –36 –26
Changes in financial receivables/liabilities Group companies   3,504 –1,672
Other   –111 75
Net cash from/used in financing activities   2,190 –1,922
Net increase/decrease in cash and bank*   1,124 –223
Cash and bank at the beginning of the year*   1,684 1,907
Cash and bank at end of year*   2,808 1,684
* Cash and bank include current investments with maturity of less than 90 days from acquisition.