Basic HTML Version
REC Annual Report 2011
56
CONSOLIDATEDSTATEMENTOFCASHFLOWS
RECGROUP
(NOK INMILLION)
2011
2010
Cash flows from operating activities
Profit/loss before tax from total operations
1)
-9 303
1 781
Income taxes paid/received
302
147
Depreciation, amortization and impairment
12 375
2 520
Fair vaule adjustment convertible bond
-841
-481
Associates, impairment financial assets, gains/losses on sale
48
83
Changes in receivables, prepayments from customers etc.
-149
-716
Changes in inventories
134
-614
Changes in payables, accrued and prepaid expenses
-238
-58
Changes in provisions
307
-262
Changes in VAT and other public taxes and duties
23
294
Changes in derivatives
317
-234
Currency effects not cash flow or not related to operating activities
-11
-429
Other items
2)
135
454
Net cash flow from operating activities
3 098
2 485
Cash flows from investing activities
Cash proceeds for shares (incl. associates)
0
3
Cash payments for shares (incl. associates)
-5
0
Proceeds from finance receivables and restricted cash
3)
55
121
Payments finance receivables and restricted cash
3)
-59
-131
Proceeds from sale of property, plant and equipment and intangible assets
45
0
Payments for property, plant and equipment and intangible assets
-729
-4 452
Proceeds from investment grants
51
163
Proceeds from sale of subsidiaries and joint ventures, net of cash sold
34
-34
Net cash flow from investing activities
-609
-4 329
Cash flows from financing activities
Increase in equity
0
3 888
Payments of borrowings and up-front/waiver loan fees
-5 302
-19 231
Proceeds from borrowings
4)
3 570
16 361
Net cash flow from financing activities
-1 732
1 018
Effect on cash and cash equivalents of changes in foreign exchange rates
-10
-14
Net increase/decrease in cash and cash equivalents
748
-840
Cash and cash equivalents at the beginning of the period
849
1 688
Cash and cash equivalents at the end of the period
1 596
849
1)
PROFIT/LOSS FROM TOTAL OPERATIONS CONSISTS OF
(NOK INMILLION)
2011
2010
Profit/loss before tax from continuing operations
-9 303
1 818
Profit/loss before tax from discontinued operations
0
-38
Profit/loss before tax from total operations
-9 303
1 781
2)
Other items consist primarily of expensing of up-front/waiver loan fees.
3)
Proceeds/payments from finance receivables and restricted cash include also loans, non-current receivables and non-current prepaid cost.
4)
Proceeds from borrowings include prepayments, interest calculation.