Page 66 - Bouvet årsrapport ENG 2010 ePub

Bouvet annual report 2010 66

NOK 1 000 Note 2010 2009

Cash fows from operating activities

Ordinary proft before tax 60 241 63 760 Paid income taxes -18 611 -22 203 Net gain/loss on sale of fxed assets 0 5 Write down investment in subsidiary 9 346 0 Ordinary depreciation 8 6 533 5 584 Share based payment 15 2 058 1 491 Changes in inventory, accounts receivable and accounts payable -10 245 -2 459 Difference between expensed pension and payments/disbursements in pension schemes 926 2 346 Changes in other accruals -9 864 17 360 Net cash fows from operating activities 40 384 65 884

Cash fows from investing activities

Sales of fxed assets 8 23 168 Purchase and investment in subsidiary 9 -4 878 -288 Loans to intra-group companies 9 -1 773 0 Purchase of fxed assets 8 -9 842 -5 596 Net cash fows from investing activities -16 470 -5 716

Cash fows from fnancing activities

Purchase of own shares 14 -2 088 0 Sale of own shares 14 3 996 2 261 Dividend payments 14 -63 522 -40 295 Net cash fows from fnancing activities -61 614 -38 034

Net changes in cash and cash equivalents -37 700 22 134 Cash and cash equivalents at the beginning of the year 143 659 121 525 Cash and cash equivalents at the end of the year 105 959 143 659

Statement of cash flows

Bouvet ASA – parent company