Consolidated cash flow statement

SEK m	Note	2021	2020
OPERATING ACTIVITIES
Profit before tax		-39	82
of which, paid-in interest		3,002	3,321
of which, interest paid		-530	-449
Adjustment for other items not included in cash flow
Depreciation and amortisation on tangible and intangible assets		129	134
Unrealised component of net income from financial transactions		-89	-9
Impairment gains and losses		338	458
Unrealised gains on shares and participations in joint ventures		8	14
Increase/decrease in accrued interest income and interest expense		42	146
Increase/decrease in provisions		-5	-21
Derecognition gains and losses		4	1
Other items		-165	-13
Adjustment for items included in investing activities
Realised result from divestment of loan portfolios		-1	1
Realised result from divestment of shares and participations in joint ventures		-66	-58
Income tax paid		-100	-62
Amortisations on acquired loan portfolios		3,685	3,164
Increase/decrease in other assets and liabilities		-260	1,021
Cash flow from operating activites		3,481	4,857
INVESTING ACTIVITIES
Acquired loan portfolios		-3,558	-1,715
Investments in bonds and other securities		-1,109	-2,069
Divestments of bonds and other securities		1,691	751
Other cash flows from investing activities		-20	-33
Cash flow from investing activities		-2,996	-3,066
FINANCING ACTIVITIES
Deposits from the public		117	-3,272
Debt securities issued		94	2,018
Repurchase and repayment of Debt securities issued		-1,517	-1,454
Additional Tier 1 capital		-	414
Interest paid on Additional Tier 1 capital		-90	-60
Acquisition agreement for treasury shares		-	-8
Amortisation of lease liabilities		-52	-48
Cash flow from financing activities	32	-1,448	-2,410
Cash flow for the year		-963	-619
Cash at beginning of the year ¹⁾		4,576	5,261
Translation difference		12	-66
Cash at end of the year ²⁾		3,625	4,576
_{1) As from 2020 the definition of ‘cash and cash equivalents’ in the cash flow statement has been changed to exclude lending to credit institutions in securitisation vehicles and pledged bank balances. Adjustment to cash at beginning of 2020 totalled SEK -543m.}

2) Cash and cash equivalents in cash flow statement

SEK m	31 Dec 2021	31 Dec 2020
Cash	0	0
Treasury bills and Treasury bonds	1,576	2,411
Lending to credit institutions	2,480	2,526
excl. lending to credit institutions in securitisation vehicles	-301	-254
excl. pledged bank balances	-130	-107
Total cash and cash equivalents in cash flow statement	3,625	4,576

Parent Company income statement

Annual and sustainability report 2021

Annual and sustainability report 2021

Consolidated cash flow statement

2) Cash and cash equivalents in cash flow statement