Axactor Annual Report 2016

Parent Company Statement of Cash Flow For the year ended 31 December 2016 SEK thousand 2016 2015 Operating actitvities Profit before tax 40,636 -204,757 Taxes paid - Finance income and expense -69,370 - Foreign exchange gain on group loans 53,195 - Depreciation and amortization - - Impairment losses on intangible assets - 160,799 Calculated cost of employee share options 5,635 - Loss from sold companies - 9,532 Working capital changes 9,403 15,672 Net cash flows operating activities 39,499 -18,754 Investing actitvities Purchase of subsidiaries - -2,185 Investment in subsidiary (CS Union, Italy) -55,432 - Loans to subsidiaries converted into investments in subsidiaries -901,342 - Share issue in subsidiary (in connection with acquisition of IKAS) -198,472 - Net cash flows investing activities -1,155,246 -2,185 Financing actitvities Loan to subsidiaries/repaid from subsidiaries 156,965 -320,551 Proceeds from share issue 1,269,700 460,386 Share issue costs -42,314 -24,281 Net cash flows financing activities 1,384,351 115,554 Net change in cash and cash equivalents 268,604 94,615 Exchange difference in liquid fund -6,308 -13,033 Cash and cash equivalents at the beginning of period 142,948 61,366 Cash and cash equivalents at end of period 405,244 142,948 Axactor AB | Annual report 2016 65