Group cash flow analysis

Amount in SEK million	Dec. 31, 2021	Dec. 31, 2020
Profit after financial items	2,404	1,669
Adjustments for items not included in cash flow, etc.	2,760	2,579
The ongoing business	5,164	4,248

Paid tax	-659	-486
Cash flow from operating activities before changes in working capital	4,505	3,762

KCash flow from changes in working capital
Change in inventory	-551	-184
Change in operating receivables	-1,690	631
Change in operating debt	1,982	504
Cash flow from operating activities	4,246	4,713

Investment activities
Acquisition of subsidiaries	-2,802	-517
Divestment of subsidiaries	41	39
Change in intangible fixed assets	-698	-468
Change in property, plant and equipment	-1,933	-1,051
Change in financial assets	-909	-700
Cash flow from investment activities	-6,301	-2,697

Financing activities
Change in loan debt	2,079	-444
Acquisition of minority interest	-151	-87
Dividends paid, other transactions with owners	-815	-777
Cash flow from financing activities	-1,113	-1,308

Cash flow for the year	-942	708
Cash and cash equivalents at year opening	3,379	2,741
Exchange rate difference in cash and cash equivalents	49	-70
Cash and cash equivalents at year end	2,486	3,379