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Jotun Group Report 2014

67 FINANCIAL INFO Consolidated statement of cash flows The statement of cash flows present how the Group’s cash flows are broken down into cash flow from operating, investing and financing activities, according to the indirect method. The cash flow statement explains the general changes in the Group’s liquidity since the previous accounting period. (NOK thousand) 2014 2013 Cash flow from operating activities Profit before tax 1 301 422 1 191 368 Adjustments to reconcile profit before tax to net cash flows: Share of profit from associated companies and joint ventures 2 -356 352 -286 961 Dividend paid from associated companies and joint ventures 2 378 481 247 916 Depreciation, amortisation and impairment 7, 8 336 929 303 883 Change in accruals, provisions and other 251 394 61 610 Working capital adjustments: Change in trade and other receivables -783 764 -440 190 Change in trade and other payables 279 292 138 597 Change in inventories -195 514 -192 571 Tax payments 6 -293 336 -204 193 Net cash flow from operating activities 918 552 819 358 Cash flow from investing activities Proceeds from sales of property, plant and equipment 8 13 585 8 932 Purchase of property, plant and equipment 8 -842 303 -659 790 Purchase of intangible assets 7 -68 326 -73 376 Purchase of shares from non-controllling interests 18 - -17 145 Net cash flow used in investing activities -897 044 -741 379 Cash flow from financing activities Proceeds from borrowings 14 1 289 531 1 373 607 Repayments of borrowings 14 -589 906 -682 272 Dividends paid 17 -513 000 -513 000 Dividends paid to non-controlling interests -42 775 -35 927 Net cash flow from financing activities 143 849 142 408 Net currency translation effect 135 904 97 762 Net increase/(decrease) in cash and cash equivalents 165 357 220 388 Cash and cash equivalents at 1 January 13 1 120 161 802 012 Cash and cash equivalents at 31 December 13 1 421 421 1 120 161 Jotun Group had unused credit facilities of NOK 900 million as at 31 December 2014 (2013: NOK 900 million).


Jotun Group Report 2014
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