Cash flow statement – Group

Amounts in SEK	Note	2018	2017
Operating activities
Profit/loss after financial items	28	-91,845,235	-97,446,976
Adjustment for non-cash items	30	18,627,658	15,405,094
		-73,217,577	-82,041,882
Income tax paid		-226,855	-217,066
Cash flow from operating activities before changes in working capital		-73,444,432	-82,258,948
Cash flow from changes in working capital
Increase (-)/decrease (+) in inventories		3,531,803	-622,000
Increase (-)/decrease (+) in operating receivables		-257,027	3,667,423
Increase (+)/decrease (-) in operating liabilities		34,154,223	-4,662,271
Cash flow from operating activities		-36,015,433	-83,875,796
Investing activities
Purchase of property, plant and equipment		-1,108,322	-6,276,551
Purchase of intangible assets		-66,391,826	-73,004,426
Purchase of financial assets		–	–
Cash flow from investing activities		-67,500,149	-79,280,978
Financing activities
New share issue		416,066,553	205,731,454
Warrant programme		600,200	–
Borrowings		–	–
Repayment of debt		-139,755	-45,170,195
Cash flow from financing activities		416,526,998	160,561,259
Cash flow for the year		313,011,417	-2,595,515
Cash and cash equivalents at beginning of year		18,019,543	20,858,948
Exchange rate differences in cash and cash equivalents		165,127	-243,890
Cash and cash equivalents at year-end	29	331,196,088	18,019,543