Hexagon Annual Report 2019

CASH FLOW STATEMENT – PARENT COMPANY HEXAGON COMPOSITES ASA (NOK 1 000) NOTE 2019 2018 CASH FLOW FROM OPERATING ACTIVITIES Profit before tax 209 773 162 621 Tax paid for the period -33 995 -40 515 Depreciation and impairment 273 606 Recognized group contribution and dividend -94 358 -141 555 Changes in trade payables -2 481 1 096 Changes in pension provisions 0 552 Changes in other accrual accounting entries -23 473 17 346 Net cash flow from operating activities 55 738 151 CASH FLOW FROM INVESTMENT ACTIVITIES Purchase of property, plant & equipment and intangible assets -269 -221 Purchase of shares -276 -1 636 Net payments on loans to/from subsidiaries -1 377 337 -6 084 Net cash flow from investing activities -1 377 882 -7 941 CASH FLOW FROM FINANCING ACTIVITIES New non-current liabilities 2 242 266 144 470 Repayment of non-current liabilities -1 441 692 0 Proceeds from issues of shares 477 172 Net change in bank overdraft 42 885 -56 296 Dividend payments 0 49 639 Purchase of own shares 2 000 -30 676 Net cash flow from financing activities 1 322 631 7 860 Net change in cash & cash equivalents 488 69 Cash & cash equivalents at beginning of period 857 788 Cash & cash equivalents at end of period 6 1 345 857 Undrawn group overdraft facility 6 82 143 85 000 Undrawn credit facility 784 320 1 483 751 68 156 2019 AT A GLANCE FROM THE BOARD ROOM FINANCIAL STATEMENTS