Annual Report 2010

Consolidated statement of cash flows for the year ended
31 December

(NOK million) Note 2010 2009
CASH FLOW FROM OPERATING ACTIVITIES
Profit (loss) before taxes (continuing operations) 3,399 279
Profit (loss) before taxes discontinued operations 31 - 335
Gain from remeasurement of previously held equity interest in business combination achieved in stages (1,518) -
Income from associated companies 13 (36) 67
Dividends received from associated companies 13 13 37
Taxes paid (111) (206)
Sales losses / (gains) non-current assets (581) (424)
Amortisation and impairment losses intangible assets 11 346 461
Depreciation and impairment losses property, plant and equipment 12 352 372
Impairment losses financial instruments 29 8 43
Change in working capital 69 16
Net cash flow from operating activities 1,941 980
CASH FLOW FROM INVESTING ACTIVITIES
Purchase of intangible assets and property, plant and equipment 11, 12 (427) (390)
Acquisition of subsidiaries and joint ventures, net of cash acquired 34 (1,614) 139
Proceeds from sale of intangible assets and property, plant and equipment 12 33
Proceeds from sale of subsidiaries and joint ventures, net of cash sold 34 1,194 797
Investments in / sale of other shares 109 360
Other investments / sales 2 (161)
Net cash flow from investing activities (724) 778
Net cash flow before financing activities 1,217 1,758
CASH FLOW FROM FINANCING ACTIVITIES
New interest-bearing loans and borrowings 4,873 1,146
Repayment of interest-bearing loans and borrowings (6,152) (2,928)
Payment due to increase in ownership interests in a subsidiary
(255) (630)
Capital increase 1 1,252
Purchase / sale of treasury shares 70 -
Dividends paid to owners of the parent
20 (155) -
Dividends paid to non-controlling interests
(201) (43)
Net cash flow from financing activities (1,819) (1,203)
Effect of exchange rate changes on cash and cash equivalents (3) (47)
Net increase / (decrease) in cash and cash equivalents (605) 508
Cash and cash equivalents as at 1.1 1,255 747
Cash and cash equivalents as at 31.12 18 650 1,255

Saved pages

Select/Unselect all

Schibsted ©