1 Adjustments concerning prior periods
The company has adjusted the cash flow statement of the comparison period. The adjustment specifies the presentation of changes in exchange rates and it affects the cash flows from operating and financing activities.
The items and sum rows which are affected by the changes are shown in the table below.
|1 Jan–31 Dec 2014
|Cash flow before adjustment||Adjustments||Adjusted cash flow|
|Cash flows before change in working capital||66.0||14.8||80.8|
|Increase (-)/decrease(+) in trade and other receivables||8.2||4.8||13.0|
|Increase (+)/decrease(-) in current liabilities||-52.5||-1.8||-54.2|
|Cash flows from operations before financial items and taxes||-29.8||17.8||-12.0|
|Other finance costs paid||-35.9||29.0||-6.9|
|Other finance income received||34.9||-34.9||0.1|
|Cash flow from operating activities||-54.8||6.4||-48.4|
|Repayments of short-term borrowings||-303.6||-6.4||-310.0|
|Cash flow from financing activities||62.8||-6.4||56.4|
Impact of the changes in accounting policy on comparison year's segment reporting figures
Lemminkäinen has changed its accounting policy for segment reporting as of 1 January 2015. According to the changed accounting policy the company reports the operating capital for each segment to the chief operating decision maker. The operating capital reported by the company consists of property, plant and equipment, goodwill, other intangible assets and net working capital. The net working capital includes inventories, current trade and other receivables, provisions, current trade and other payables as well as income tax receivables and liabilities. However, the net working capital allocated to the segments excludes accrued personnel expenses and interest, accruals related to derivatives as well as accrued direct and indirect taxes. These figures are reported separately as items unallocated to segments.