Asset Buyout Partners Annual Report 2019

Consolidated statement of cash flows Figures in NOK Note 2019 2018 Profit before tax 953 065 956 1 141 789 180 Income tax paid -9 851 087 - Net expensed interest and fees on loan 18, 21 201 966 976 149 903 292 Depreciation (presented as part of administrative expenses) 21 -3 358 555 733 101 Fair value adjustments, investment property 8 -691 521 570 -952 374 791 Fair value adjustments, financial derivatives 18 -6 672 515 14 455 134 Change in working capital 46 174 838 -63 748 611 Net cash flow from operating activities 489 804 043 290 757 305 Purchase of property, plant & equipment -214 000 -1 307 198 Purchase of investment properties 7 -587 762 238 -3 303 205 312 Capital expenditure on investment properties 8 -54 577 647 -20 505 503 Net cash flow from investing activities -642 553 885 -3 325 018 013 Proceeds from interest bearing liabilities 20 420 000 000 4 145 000 000 Repayment of interest bearing liabilities 3,20 -233 688 956 -1 539 608 963 Capital increase 11 - 738 999 999 Net paid interest and fees 21 -171 055 335 -198 013 413 Other Cash from Financing 21 -2 212 505 - Net cash flow from financing activities 13 043 204 3 146 377 623 Net change in cash -139 706 638 112 116 915 Cash and cash equivalents beginning of period 183 695 981 71 579 065 Cash and cash equivalents end of period 10 43 989 343 183 695 981 Asset Buyout Partners | Annual Report 2019 19