The following information is based on data reported in the statement of cash flows for Ericsson, a Swedish telecommunications firm, for the years ended December 31, 2007, 2006, and 2005. Ericsson reports all amounts in millions of Swedish kronor (SEK).

Prepare a statement of cash flows for Ericsson for the three years using the format in Exhibit 1.3. Set cash flow from operations equal to revenues, net of expenses, from operations. The balance in cash at the beginning of 2005 was SEK 30,412. Ericsson classifies changes in short-term investments as investing activities.

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2006 2007 2005 Inflows of Cash SEK 15,587 SEK 1,290 Proceeds from Borrowings SEK 657 Sale of Common Stock... 94 124 174 Revenues, Net of Expenses, from Operations 19,210 18,489 16,669 Sale of Property and Equipment 152 185 362 Sale of Short-Term Investments 3,499 6,180 6,375 Other Financing Activities 406 58 Other Investing Activities 663 Outflows of Cash Acquisition of Property and Equipment 3,365 4,319 3,827 Acquisition of Businesses Repayment af Borrowings Dividends Paid ... Other Financing Activities Other Investing Activities 26,292 18,078 1,210 1,291 9,510 2,784 8,132 7,343 4,133 288 573 1,131