Page 54 - Kitron Annual Report 2011

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54
Kitron annual report 2011
Kitron ASA Annual accounts and notes
Cash Flow Statement, Kitron ASA
(Amounts in NOK 1 000)
2011
2010
Cash flow from operational activities
Profit before tax
33 639
(24 882)
Ordinary depreciation
5 938
3 200
Write down of subsidiaries
-
46 161
Change in accounts receivable
(10 240)
876
Change in accounts payable
(2 923)
703
Change in pension funds/obligations
(264)
(676)
Change in other accrual items
16 285
4 470
Net cash flow from operational activities
42 435
29 852
Cash flow from investment activities
Acquisition of fixed assets
(15 152)
(21 043)
Sale of fixed assets
11 797
-
Investment in subsidiaries
-
(34 450)
Sale of shares
1 360
-
New lendings
(30 487)
-
Repayment of lendings
-
24 664
Net cash flow from investment activities
(32 482)
(19 118)
Cash flow from financing activities
New long-term loans
-
23 576
Net change in overdraft facilities
(6 164)
(22 379)
Repayment of borrowings
(3 433)
-
Net cash flow from financing activities
(9 597)
1 197
Net change in cash and cash equivalents
356
220
Cash and cash equivalents at 1 January
11 029
10 809
Cash and cash equivalents at 31 December
11 384
11 029