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Annual report 2014

Cash flow statement

Parent company  Group
20132014(Amounts in NOK million)Note20142013
  Cash flow from operating activities   
141 098Profit before tax 1 12089
-3-57Loss/gain(-) on sale of fixed assets8-59-3
1 0171 122Depreciation and write-downs81 1501 048
-210-Paid taxes15--210
276291Interest recognised in the income statement10270268
3846Interest received105545
-257-302Interest paid, excl. construction interest10-301-257
175229Changes in trade accounts receivable/payable11273144
78524Changes in other accruals11531110
--Result from companies using equity method16-11-10
1 1282 951Net cash flow from operating activities 3 0281 224
  Cash flow from investing activities   
1356Proceeds from sale of tangible fixed assets85814
-5 515-5 770Purchase of tangible fixed assets, other intangible fixed assets and plants under construction8, 9-5 809-5 546
-158-196Construction interest paid9-196-158
-491-73Purchase of subsidiary, net of cash acquired16-40-491
28-2Changes in investment in subsidiaries, associates and joint ventures16--20
--14Changes in long term loan receivables11, 12-14-
15-Changes in short term loan receivables11, 12--
416Dividend received10, 1644
-6 104-5 983Net cash flow from investing activities -5 997-6 197
  Cash flow from financing activities   
8 1953 048Proceeds from new interest-bearing debt11, 123 0488 195
-2 882-2 287Repayment of interest-bearing debt11, 12-2 287-2 883
801 687Changes in collateral under CSA (Credit Support Annex) agreements11, 121 68780
129241Proceeds from sale of market-based securities11, 12476310
-117-922Purchase of market-based securities11, 12-1 156-276
-117-Dividend paid and group contributions --117
-3 250Proceeds from new equity 3 250-
5 2885 017Net cash-flow from financing activities 5 0185 309
3121 985Net cash flow for the period 2 049336
561873Cash and cash equivalents at the start of the period11970634
8732 858Cash and cash equivalents at the close of the period113 019970