Asset Buyout Partners Annual Report 2020

Consolidated statement of cash flows Figures in NOK Note 2020 2019 Profit before tax 813 294 668 953 065 956 Income tax paid -32 909 827 -9 851 087 Net expensed interest and fees on loan 18, 21 206 183 418 201 966 976 Depreciation (presented as part of administrative expenses) 21 372 416 -3 358 555 Fair value adjustments, investment property 8 -630 311 277 -691 521 570 Fair value adjustments, financial derivatives 18 114 623 789 -6 672 515 Change in working capital -67 597 291 46 174 838 Net cash flow from operating activities 403 655 896 489 804 043 Purchase of property, plant & equipment -659 902 -214 000 Purchase of investment properties 7 - -587 762 238 Capital expenditure on investment properties 8 -31 051 383 -54 577 647 Net cash flow from investing activities -31 711 285 -642 553 885 Proceeds from interest bearing liabilities 20 11 351 709 420 000 000 Repayment of interest bearing liabilities 3, 20 -234 000 000 -233 688 956 Net paid interest and fees on loans 18, 21 -188 793 948 -171 055 335 Other Cash from Financing 21 -1 881 662 -2 212 505 Net cash flow from financing activities -413 323 901 13 043 204 Net change in cash -41 379 289 -139 706 638 Cash and cash equivalents beginning of period 43 989 343 183 695 981 Cash and cash equivalents end of period 10 2 610 054 43 989 343 Asset Buyout Partners | Annual Report 2020 19