Page 38 - Bouvet årsrapport ENG 2010 ePub

Bouvet annual report 2010 38

NOK 1 000 Note 2010 2009

Cash fow from operating activities

Ordinary proft before tax 67 013 60 386 Taxes paid 8 -18 635 -22 394 Gain on sale of fxed assets 0 5 Ordinary depreciation 10 6 670 5 730 Amortisation intangible assets 12 655 655 Share based payments 2 058 1 491 Changes in inventory, accounts receivable and creditors -14 483 -1 666 Difference between expensed pension and payments/disbursements in pension schemes 926 2 346 Changes in other accruals -7 801 15 385 Net cash fow from operating activities 36 403 61 938

Cash fows from investing activities

Sale of fxed assets 39 174 Purchase of fxed and intangible assets 10 -10 059 -5 671 Net cash fow from investing activities -10 020 -5 497

Cash fows from fnancing activities

Capital increase from non-controlling interests 800 0 Purchase of own shares -2 088 0 Sales of own shares 3 996 2 261 Dividend payments -63 522 -40 295 Net cash fow from fnancing activities -60 814 -38 034

Net changes in cash and cash equivalents -34 431 18 407 Cash and cash equivalents at the beginning of the period 146 760 128 353 Cash and cash equivalents at the end of the period 112 329 146 760

Consolidated statement of cash flows

The Bouvet Group

1 January - 31 December