
Annual Report 2007 - Financial StatementsNote 31 - Cash Flow Information
| Cash flow from operating activities under the direct method presentation | ||||
| January-December | ||||
| SEK in millions | 2007 | 2006 | ||
| Cash receipts from customers | 97,276 | 89,742 | ||
| Cash paid to employees and suppliers | -67,403 | -61,052 | ||
| Cash flow generated from operations | 29,873 | 28,690 | ||
| Dividends received | 2,684 | 1,788 | ||
| Interest received | 571 | 487 | ||
| Interest paid | -1,457 | -1,082 | ||
| Income taxes paid | -5,142 | -2,382 | ||
| Cash flow from operating activities | 26,529 | 27,501 | ||
| Non-cash transactions | ||||
| Asset retirement obligations (AROs) | ||||
| In 2007 and 2006, obligations regarding future dismantling and restoration of technical sites entailed non-cash investments of SEK 82 million and SEK 67 million, respectively. | ||||
| Building-infrastructure exchange transactions | ||||
| TeliaSonera provides and installs infrastructure in buildings and as compensation is granted an exclusive right to deliver services for 5-10 years through this infrastructure. In 2007, these activities entailed non-cash exchanges of SEK 47 million. | ||||
| Uzbek exchange transaction | ||||
| In 2007, TeliaSonera acquired a 3G license, frequencies and number blocks in Uzbekistan with a fair value of SEK 652 million in exchange for a 26 percent interest in TeliaSonera Uzbek Telecom Holding B.V. and a net cash payment of SEK 194 million (USD 30 million), resulting in a non-cash exchange of SEK 458 million. | ||||
| Acquisitions and divestitures | ||||
| The TeliaSonera Group is continually restructured through the acquisition and divestiture of subsidiaries and lines of business as well as associated companies, joint ventures and companies outside the Group. The fair value of assets acquired and liabilities assumed in subsidiaries and the total cash flow from acquisitions were as follows. | ||||
| January-December | ||||
| SEK in millions | 2007 | 2006 | ||
| Intangible assets | 4,346 | 4,799 | ||
| Property, plant and equipment | 622 | 913 | ||
| Financial assets, accounts receivable, inventories etc. | 1,183 | 3,562 | ||
| Cash and cash equivalents | 292 | 324 | ||
| Revaluation reserve and other equity adjustments related to transactions prior to the business combination | - | 165 | ||
| Minority interests | 65 | 238 | ||
| Provisions | -762 | -579 | ||
| Non-current liabilities | -598 | -1,113 | ||
| Current liabilities | -678 | -4,048 | ||
| Total purchase consideration | 4,470 | 4,261 | ||
| Less repayment of certain borrowings | 419 | - | ||
| Less purchase consideration paid prior to the business combination | - | -190 | ||
| Less contingent consideration | - | -1,054 | ||
| Less reversal of provision recognized before the business combination | - | 454 | ||
| Less cash and cash equivalents in acquired group companies | -292 | -324 | ||
| Net cash outflow from acquired group companies | 4,597 | 3,147 | ||
| Purchase consideration for other acquisitions | - | 127 | ||
| Total cash outflow from acquisitions | 4,597 | 3,274 | ||
| See Note 34 "Business Combinations, etc" for more information on significant transactions in 2007. | ||||
| The fair value of assets divested and liabilities transferred in subsidiaries and the total cash flow from divestitures were as follows. | ||||
| January-December | ||||
| SEK in millions | 2007 | 2006 | ||
| Assets held-for-sale | 1 | 41 | ||
| Minority interests | - | 26 | ||
| Liabilities related to assets held-for-sale | -1 | - | ||
| Total sales consideration | 0 | 67 | ||
| Less cash and cash equivalents in divested group companies | - | - | ||
| Net cash inflow from divested group companies | 0 | 67 | ||
| Sales consideration for other divestitures | 116 | 281 | ||
| Total cash inflow from divestitures | 116 | 348 | ||