Statement of Cash Flow 2015 - Havfisk ASA Konsern

Statement of cash flow

		Accounts	Accounts
NOK million	Note	2015	2014
Profit before tax		228	260
Adjusted for net interest expenses	7	42	63
Sales gains/(losses) and impairments		(2)	(6)
Ordinary depreciation	10, 11	124	130
Interest paid	7	(56)	(74)
Interest received	7	7	5
Taxes paid	8	(12)	(6)
Other items without cash flow effect		7	(210)
Change in operating assets and liabilities		(59)	83
Cash flow from operating activities		278	245

Proceeds from sale of vessels, property, plant and equipment	10	2	48
Proceeds from reduction of non-current receivables		1	2
Payments on investment in non-current receivables		(2)	-
Procurement of vessels, property, plant and equipment	10	(51)	(47)
Payments on building contracts	10, 13		(212)
Contribution received from NOX Fund in connection with new building	10		25
Cash flow from investing activities		(50)	(184)

Proceeds from taking out of long-term loans	21	-	140
Repayment of long-term loans	21	(78)	(78)
Dividends/group contributions paid	17	(64)	(1)
Cash flow from financing activities		(141)	61

Cash flow for the year		87	122
Cash and cash equivalents as of 1 January	16	146	24
Cash and cash equivalents as of 31 December	16	233	146

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