Annual Accounts Group
70
NOK million
Note
2012
2011
2010
Cash from/to operations:
Profit before tax
300.1
354.1
-311.5
Gain/loss on sale of fixed assets
0.4
-1.7
3.1
Share of profit/loss in subsidiaries/associated companies
-0.8
-0.2
-0.3
Tax paid in the period
-115.2
-76.3
-71.9
Depreciation/write-downs
11,12
574.9
569.8
667.2
Interest income / - expenses
185.0
272.0
154.2
Paid interests
-207.6
-227.4
-167.6
Difference between pension cost and payments
-45.0
82.7
35.5
Change in inventories, accounts receivables and accounts payable
15.7
105.3
-487.2
Change in other accruals
15.4
-547.1
465.2
Net cash flow from operations
722.7
531.2
286.7
Cash from/to investments:
Investment in fixed operating assets
12
-425.3
-377.9
-225.4
Investment in in-house developed software
11
-86.2
-61.3
-167.9
Sale of fixed operating assets (sales proceeds)
1.2
19.2
1.0
Investment in group companies
2
-90.8
-83.5
323.6
Sale of group companies
2
0.3
3.7
3.7
Net cash flow from investments
-600.8
-499.8
-64.9
Cash from/to financing:
New borrowing (short and long-term)
400.0
3 909.9
395.0
Borrowings repaid
-542.5
-4 745.1
-814.7
Dividends paid
-92.5
-
-
Share issue
17
-7.6
-9.6
870.4
Net cash flow from financing
-242.6
-844.8
450.7
Net change in liquid assets over the year
-120.7
-813.3
672.5
Currency movement in liquid assets
-12.8
-22.4
84.3
ank deposits at 1.1.
694.2
1 529.9
773.2
Bank deposits at 31.12.
560.7
694.2
1 529.9
Whereof restricted cash 31.12
33.6
27.5
4.6
Group
Statement of cash flows
1 January - 31 December
1...,60,61,62,63,64,65,66,67,68,69 71,72,73,74,75,76,77,78,79,80,...134