Hexagon Annual Report 2019

CASH FLOW STATEMENT GROUP (NOK 1 000) NOTE 2019 2018 CASH FLOW FROM OPERATING ACTIVITIES Profit before tax 111 246 168 727 Tax paid for the period/refunded for the period -32 822 -28 696 Gains/losses on sale of property, plant & equipment 10 0 43 Depreciation/amortization 10,11 239 606 76 932 Impairment loss 10 0 17 386 Interest income 6 -6 373 -4 662 Interest expenses 6 72 584 9 772 Profit/loss from associates and joint ventures 25 749 -17 965 Gain on transaction/fair value adjustment of earn-out 3 -69 625 -108 549 Changes in inventories, trade receivables and payables -76 881 32 670 Changes in pension liabilities 18 138 -542 Changes in other accrual accounting entries -90 693 9 486 Net cash flow from operating activities 147 929 154 601 CASH FLOW FROM INVESTMENT ACTIVITIES Proceeds sale of fixed assets 10 1 330 76 Purchase of property, plant & equipment 10 -151 589 -158 154 Purchase of intangible assets 11 -52 311 -18 640 Interest received 6 6 373 4 662 Acquisition net of cash 5 -1 074 467 -63 330 Other investments -3 766 10 466 Net cash flow from investing activities -1 274 430 -224 920 CASH FLOW FROM FINANCING ACTIVITIES New non-current liabilities 20,23 2 242 266 144 470 Repayment of non-current liabilities 20,23 -1 523 330 -22 361 Bank overdraft payments 20,21 -2 911 Interest payments 6 -66 329 -9 734 Payments of dividends 0 -49 639 Cash effect sale of own shares 2 000 Increase in share capital 477 172 -30 676 Net cash flow from financing activities 1 128 868 32 060 Net change in cash & cash equivalents 2 367 -38 259 Net currency exchange differences 478 4 204 Cash & cash equivalents at beginning of period 138 531 171 605 Cash and cash equivalents acquisition 36 275 980 Cash & cash equivalents at end of period 16 177 651 138 531 Undrawn Group overdraft facilities 16,20 784 320 1 568 751 Restricted funds, included in cash & cash equivalents 16 8 310 6 519 6 92 2019 AT A GLANCE FROM THE BOARD ROOM FINANCIAL STATEMENTS