Cash fo w Oper atin g income before amortization amounted to M SEK 3 085 3 385 Net in v es tments in noncurrent t an g ible and int an g ible assets amounted to M SEK 93 108 Chan g es in accounts receiv able w ere M SEK 206 723 sup ported b y the repa yment of old outs t andin g accounts receiv ables from public sector cus tomer s in Spain Chan g es in other oper at in g capit al emplo y ed w ere M SEK 3 447 Cash fo w from oper atin g activities amounted to M SEK 3 201 2 107 equiv alent to 104 percent 62 of oper atin g income before amortization Financial income and e xpenses paid amounted to M SEK 532 475 Current t ax es paid amounted to M SEK 583 764 F ree cash fo w w as M SEK 2 086 868 equiv alent to 105 per cent 39 of adjus ted income Cash fo w from in v es tin g activities acquisitions and div es ti tures w as M SEK 677 1 882 Cash fo w from items afectin g compar abilit y w as M SEK 194 23 whereof M SEK 152 is related to the cos t sa vin g s progr am M SEK 38 is related to o v ertime compensation in Spain and M SEK 4 is related to premises in G erman y Cash fo w from fnancin g activities w as M SEK 1 222 969 Cash fo w for the period w as M SEK 2 437 68 C ONDENSED S T A TE m ENT O f C AS h fL O W A C C ORDING T O S EC u RIT AS f INANCIAL m ODEL M SEK 2012 2011 Oper atin g income before amortization 3 0855 3 3847 In v es tments in noncurrent t an g ible and int an g ible assets 1 0392 1 0098 R e v er sal of depreciation 9461 9020 Net in v es tments in noncurrent t an g ible and int an g ible assets 931 1078 Chan g e in accounts receiv able 2054 7226 Chan g e in other oper atin g capit al emplo y ed 30 4469 Cash fo w from oper atin g activities 3 2008 2 1074 C ash fo w from operating activitie s 104 62 f inancial income and e xpenses paid 5319 4751 Current t ax es paid 5833 7639 F ree cash fo w 2 0856 8684 F ree cash fo w 105 39 Cash fo w from in v es tin g activities acquisitions and div es titures 6773 1 8820 Cash fo w from items afectin g compar abilit y 1938 237 Cash fo w from fnancin g activities 1 2227 9689 Cash fo w for the y ear 2 4372 684 Securit as fnancial model is described on pa g es 5051 n n n Oper atin g items n n n Net debt related items n n n G oodwill t ax es and nonoper atin g items Capit al emplo y ed and fnancin g Capit al emplo y ed The Group s oper atin g capit al emplo y ed w as M SEK 2 580 3 145 correspondin g to 4 percent of sales 5 adjus ted for the full y ear sales fgures of acquired units Acquisitions increased oper atin g capit al emplo y ed b y M SEK 75 durin g the period The annual impairment tes t of all Cash G ener atin g u nits C GU which is required under IFRS took place durin g the thir d quarter 2012 in con junction with the business plan process for 2013 As a result of this a decision w as made to recogniz e impairment losses of g oodwill and other acquisition related int an g ible assets amountin g to M SEK 26 in Securit y Ser vices M ontene gro In 2011 no impairment losses w ere recogniz ed Acquisitions increased consolidated g oodwill b y M SEK 262 Adjus ted for the abo v e described impairment of which M SEK 16 is at tribut able to g oodwill as w ell as ne gativ e tr anslation difer ences of M SEK 698 tot al g oodwill for the Group amounted to M SEK 14 275 14 727 Acquisitions ha v e increased acquisition related int an g ible assets b y M SEK 283 After amortization of M SEK 271 and the abo v e described impairment of which M SEK 10 is at tribut able to acquisition related int an g ible assets as w ell as ne gativ e tr ansla tion diferences of M SEK 74 acquisition related int an g ible assets amounted to M SEK 1 502 1 574 The Group s tot al capit al emplo y ed w as M SEK 18 465 19 554 The tr anslation of foreign capit al emplo y ed to S w edish kronor decreased the Group s capit al emplo y ed b y M SEK 915 The return on capit al emplo y ed w as 14 percent 17 Financin g The Group s net debt amounted to M SEK 9 865 10 349 Acqui sitions and acquisition related pa yments increased the Group s net debt b y M SEK 677 of which purchase price pa yments accounted for M SEK 546 assumed net debt for M SEK 33 and acquisition related cos ts paid accounted for M SEK 98 The Group s net debt decreased b y M SEK 354 due to the tr anslation of net debt in foreign currenc y to S w edish kronor A dividend of M SEK 1 095 1 095 w as paid to the sharehold er s in M a y 2012 60 Securit as Annual R eport 2012 Annual R eport R eport of the Boar d of Director s