|
(NOK 1 000)
NOTE |
2009 |
2008 |
| Earnings before tax for the period |
116 777 |
-32 078 |
| Adjustments: |
| Gains/losses on sale of non-current assets 14 |
0 |
-11 |
| Depreciations 14 |
19 225 |
22 061 |
| Goodwill impairment 13 |
0 |
226 050 |
| Profit from associated companies 15 |
5 186 |
-621 |
| Net financial items |
132 777 |
152 674 |
| Cash flow from operating activities before changes in working capital |
273 965 |
368 075 |
| |
| Changes in inventories |
240 488 |
-194 552 |
| Changes in trade receivables |
69 609 |
167 708 |
| Changes in trade payables |
-87 694 |
-128 276 |
| Net change in land-related liabilities 28 |
2 810 |
-19 138 |
| Changes in other accruals 33 |
-11 885 |
-49 922 |
| Net change in working capital |
213 328 |
-396 430 |
| |
| Interest paid |
-121 330 |
-142 806 |
| Taxes paid |
-64 867 |
-55 065 |
| Net cash flow from operating activities |
301 096 |
-226 226 |
| |
| Interest received |
4 053 |
7 802 |
| Sale of shares 15 |
34 972 |
300 |
| Purchase of shares |
-2 400 |
0 |
| Purchase of property, plant & equipment 14 |
-4 3400 |
- 29 819 |
| Purchase of intangible assets |
0 |
-208 |
| Other investments |
0 |
1 463 |
| Net cash flow from investing activities |
32 281 |
-20 462 |
| Increase/decrease (-) current debt 30 |
-395 219 |
413 532 |
| Repayment of long-term debt 25 |
-51 200 |
-56 200 |
| Paid-in capital (net after transaction costs) 24 |
154 269 |
0 |
| Dividend paid 24 |
0 |
-132 000 |
| Net cash flow from financing activities |
-292 150 |
225 332 |
| |
| Net change in bank deposits and cash during year |
41 227 |
-21 356 |
| |
| Bank deposits and cash, 1 January |
61 152 |
82 507 |
| |
| Bank deposits and cash, 31 December 22 |
102 379 |
61 152 |