Parent company | | | Group |
2013 | 2014 | (Amounts in NOK million) | Note | 2014 | 2013 |
| | Cash flow from operating activities | | | |
14 | 1 098 | Profit before tax | | 1 120 | 89 |
-3 | -57 | Loss/gain(-) on sale of fixed assets | 8 | -59 | -3 |
1 017 | 1 122 | Depreciation and write-downs | 8 | 1 150 | 1 048 |
-210 | - | Paid taxes | 15 | - | -210 |
276 | 291 | Interest recognised in the income statement | 10 | 270 | 268 |
38 | 46 | Interest received | 10 | 55 | 45 |
-257 | -302 | Interest paid, excl. construction interest | 10 | -301 | -257 |
175 | 229 | Changes in trade accounts receivable/payable | 11 | 273 | 144 |
78 | 524 | Changes in other accruals | 11 | 531 | 110 |
- | - | Result from companies using equity method | 16 | -11 | -10 |
1 128 | 2 951 | Net cash flow from operating activities | | 3 028 | 1 224 |
| | Cash flow from investing activities | | | |
13 | 56 | Proceeds from sale of tangible fixed assets | 8 | 58 | 14 |
-5 515 | -5 770 | Purchase of tangible fixed assets, other intangible fixed assets and plants under construction | 8, 9 | -5 809 | -5 546 |
-158 | -196 | Construction interest paid | 9 | -196 | -158 |
-491 | -73 | Purchase of subsidiary, net of cash acquired | 16 | -40 | -491 |
28 | -2 | Changes in investment in subsidiaries, associates and joint ventures | 16 | - | -20 |
- | -14 | Changes in long term loan receivables | 11, 12 | -14 | - |
15 | - | Changes in short term loan receivables | 11, 12 | - | - |
4 | 16 | Dividend received | 10, 16 | 4 | 4 |
-6 104 | -5 983 | Net cash flow from investing activities | | -5 997 | -6 197 |
| | Cash flow from financing activities | | | |
8 195 | 3 048 | Proceeds from new interest-bearing debt | 11, 12 | 3 048 | 8 195 |
-2 882 | -2 287 | Repayment of interest-bearing debt | 11, 12 | -2 287 | -2 883 |
80 | 1 687 | Changes in collateral under CSA (Credit Support Annex) agreements | 11, 12 | 1 687 | 80 |
129 | 241 | Proceeds from sale of market-based securities | 11, 12 | 476 | 310 |
-117 | -922 | Purchase of market-based securities | 11, 12 | -1 156 | -276 |
-117 | - | Dividend paid and group contributions | | - | -117 |
- | 3 250 | Proceeds from new equity | | 3 250 | - |
5 288 | 5 017 | Net cash-flow from financing activities | | 5 018 | 5 309 |
312 | 1 985 | Net cash flow for the period | | 2 049 | 336 |
561 | 873 | Cash and cash equivalents at the start of the period | 11 | 970 | 634 |
873 | 2 858 | Cash and cash equivalents at the close of the period | 11 | 3 019 | 970 |