13 CONSOLIDATED STATEMENT OF CASH FLOWS (NOK THOUSAND) NOTE 2016 2015 Cash flow from operating activities Profit before tax 1 593 739 1 918 055 Adjustments to reconcile profit before tax to net cash flows: Share of profit of associated companies and joint ventures 2 –689 598 –562 013 Dividend paid from associated companies and joint ventures 2 712 571 491 634 Depreciation, amortisation and impairment 7, 8 546 817 473 118 Change in accruals, provisions and other –100 153 293 375 Working capital adjustments: Change in trade and other receivables 252 740 –709 535 Change in trade payables –9 163 187 758 Change in inventories 157 052 –242 651 Tax payments 6 –437 072 –349 973 Net cash flow from operating activities 2 026 933 1 499 769 Cash flows from investing activities Proceeds from sale of property, plant and equipment 8 6 848 46 837 Purchase of property, plant and equipment 8 –1 029 562 –856 858 Purchase of intangible assets 7 –103 538 –65 293 Net cash flow used in investing activities –1 126 252 –875 314 Cash flows from financing activities Proceeds from borrowings 15 259 344 255 365 Repayment of borrowings 15 –299 413 –295 434 Dividend paid to equity holders of the parent 17 –513 000 –513 000 Dividend paid to non-controlling interests –38 250 –48 136 Net cash flow from financing activities –591 320 –601 206 Net currency translation effect –244 166 76 169 Net increase / decrease (–) in cash and cash equivalents 309 361 23 250 Cash and cash equivalents at 1 January 14 1 520 840 1 421 421 Cash and cash equivalents as of 31 December 14 1 586 034 1 520 840 The Group had unused credit facilities of NOK 900 million as of 31 December 2016 (2015: NOK 900 million). JOTUN GROUP
Jotun Annual Report 2016
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