Hexagon Annual Report 2018

CASH FLOW STATEMENT GROUP (NOK 1 000) NOTE 2018 2017 CASH FLOW FROM OPERATING ACTIVITIES Profit before tax 168 727 48 227 Tax paid for the period -28 696 11 467 Gains/losses on sale of property, plant & equipment 10 43 -24 946 Depreciation/amortization 10,11 76 932 73 988 Impairment loss 10 17 386 743 Interest income 6 -4 662 -1 144 Interest expenses 6 9 772 8 986 Profit/loss from associates and joint ventures 25 -17 965 16 667 Fair value adjustment of earn-out 3 -108 549 0 Changes in inventories, trade receivables and payables 32 670 -132 711 Changes in pension liabilities 18 -542 -352 Changes in other accrual accounting entries 9 486 89 508 Net cash flow from operating activities 154 601 90 434 CASH FLOW FROM INVESTMENT ACTIVITIES Proceeds sale of fixed assets 10 76 36 591 Purchase of property, plant & equipment 10 -158 154 -68 830 Purchase of intangible assets 11 -18 640 -9 781 Interest received 6 4 662 1 144 Acquisition net of cash 5 -63 330 0 Other investments 10 466 14 396 Net cash flow from investing activities -224 920 -26 479 CASH FLOW FROM FINANCING ACTIVITIES New non-current liabilities 20,23 144 470 0 Repayment of non-current liabilities 20,23 -22 361 -90 427 Interest payments 6 -9 734 -8 981 Payments of dividends -49 639 0 Increase in share capital -30 676 0 Net cash flow from financing activities 32 060 -99 407 Net change in cash & cash equivalents -38 259 -35 453 Net currency exchange differences 4 204 -1 016 Cash & cash equivalents at beginning of period 171 605 208 073 Cash and cash equivalents acquisition 980 0 Cash & cash equivalents at end of period 16 138 531 171 605 Undrawn Group overdraft facilities 16,20 1 568 751 635 909 Restricted funds, included in cash & cash equivalents 16 6 519 6 400 6 76 2018 AT A GLANCE FROM THE BOARD ROOM FINANCIAL STATEMENTS

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