Komplett Bank Annual Report 2020

Statement of cash flow for the period Amounts in NOK million Note 2020 2019 Cash flow from operating activities Profit after tax 262.8 202.9 Tax expenses 13 85.7 76.7 Taxes paid 13 -37.0 -107.2 Depreciation 5 72.1 54.9 Change in impairments on loans to customers 2 335.6 338.5 Change in loans to customers 2 -201.0 -989.9 Effects of currency on loans to customers in the period 1 274.6 -18.4 Change in deposits from and debt to customers 7 472.3 1,153.9 Effects of currency on deposits from and debt to customers in the period -199.7 -46.9 Purchase of certificates and bonds 4 -2,373.3 -1,688.9 Sale of certificates and bonds 4 1,878.8 795.5 Change in accruals -19.5 31.6 Net cash flow from operating activities 551.3 -197.2 Cash flows from investing activities Investments in fixed assets 5 -1.1 -0.6 Investments in intangible assets 5 -78.3 -98.6 Net cash flow used in investing activities -79.5 -99.2 Cash flows from financing activities Paid-in equity 6 2.4 26.2 Net receipts from issue of Tier 1 capital 6 200.0 - Payment of senior unsecured bond 7 - -400.0 Payment to Tier 1 capital investors -12.4 -3.8 Net cash flow from financing activities 190.1 -377.6 Net cash flow for the period 661.9 -674.0 Cash and cash equivalents at the start of the period 3 614.7 1,232.4 Effects of currency on loans and deposits with credit institutions in the period 1 -72.4 56.3 Cash and cash equivalents at the end of the period 3 1,204.2 614.7 44 Financial statements