Cash flow statement

Parent companyGroup
20112012(Amounts in NOK million)Note20122011
Cash flow from operating activities
1 206 1 177Profit before tax 1 162 1 357
-3 3Loss/ gain (-) on sale of fixed assets6 3 -3
786 814Ordinary depreciation and write-downs6,7 827 798
-566 -271Tax paid for the period11 -271 -566
326 382Interest for the period recognised in income statement8 376 320
35 34Interest received for the period8 43 43
-332 -432Interest paid for the period8 -432 -332
595 47Changes in trade accounts receivable/payable9 65 503
-498 -366Changes in other accruals9 -338 -592
- -Result from companies consolidated using equity method12 -9 -5
1 549 1 388Net cash flow from operating activities 1 426 1 523
Cash flow from investing activities
12 52Proceeds from sale of tangible fixed assets6 52 12
-2 348 -3 130Purchase of tangible fixed assets and plants under construction6,7 -3 152 -2 384
-61-Change in investments in subsidiaries, associates and joint ventures12 - -
-30-Change in long-term loan receivables9 - -
- 15Change in short-term loan receivables9 - -
8 35Dividend received8,12 15 2
-2 419 -3 028Net cash flow from investing activities -3 085 -2 370
Cash flow from financing activities
2 782 5 903Proceeds from new interest-bearing borrowings9 5 903 2 781
-1 738 -4 439Repayment of interest-bearing debt9 -4 439 -1 738
88 112Proceeds from sale of market-based securities9 220 367
-50 -169Purchase of market-based securities9 -276 -375
-315 -123Dividend paid and group contributions -117 -315
767 1 284Net cash flow from financing activities 1 291 720
-103 -356Net cash flow for the period -368 -127
1 020 917Cash and cash equivalents at the start of the period9 1 002 1 129
917 561Cash and cash-equivalents at the close of the period9 634 1 002

 

Restricted bank deposit amounting to NOK 83 million for the parent company and for the Group are included in cash and cash equivalents as at 31 December 2012.

Unused credit facilities of NOK 3 500 million are not included in cash and cash equivalents above.