Axactor Annual Report 2016

Consolidated Statement of Cash Flow For the year ended 31 December 2016 SEK thousand Note 2016 2015 Operating actitvities Profit before tax -113,455 -166,606 Taxes paid 11 -21,615 - Finance income and expense 17,246 - Amortization of debt portfolios 16 32,766 - Depreciation and amortization 13.15 29,809 973 Impairment losses on intangible assets - 104,310 Calculated cost of employee share options 22 5,442 - Loss from sold companies - 9,532 Working capital changes -81,423 10,350 Net cash flows operating activities -131,230 -41,441 Investing actitvities Purchase of debt portfolios 16 -720,617 - Investment in subsidiary (Geslico, Spain) -18,548 - Investment in subsidiary (IKAS, Norway) -203,529 - Investment in subsidiary (CS Union, Italy) -55,181 - Investment in subsidiary (Altor, Germany) -169,524 - Purchase of intangible and tangible assets -21,044 - Purchase of financial assets - -82,691 Interest received 860 - Net cash flows investing activities -1,187,583 -82,691 Financing actitvities Proceeds from borrowings 23 541,487 - Repayment of debt 23 -178,152 -1,099 Interest paid -12,589 - Loan fees paid -14,136 - Proceeds from share issue 1,269,700 460,386 Share issue costs -42,315 -24,281 Net cash flows financing activities 1,563,995 435,006 Net change in cash and cash equivalents 245,182 310,874 Cash and cash equivalents at the beginning of period 372,375 61,501 Cash and cash equivalents at end of period 617,557 372,375 Axactor AB | Annual report 2016 29