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FINANCIAL INFO
CONSOLIDATED STATEMENT OF CASH FLOWS
(NOK THOUSAND) 2017 2016
Cash flow from operating activities
Profit before tax 1 236 179 1 593 739
Adjustments to reconcile profit before tax to net cash flows:
Share of profit of associated companies and joint ventures –536 797 –689 598
Dividend paid from associated companies and joint ventures 699 553 712 571
Depreciation, amortisation and impairment 488 802 546 817
Change in accruals, provisions and other 182 267 –100 153
Working capital changes:
Change in trade and other receivables –300 062 252 740
Change in trade payables 220 098 –9 163
Change in inventories –534 331 157 052
Tax payments –358 536 –437 072
Net cash flow from operating activities 1 097 172 2 026 933
Cash flows from investing activities
Proceeds from sale of property, plant and equipment 2 616 6 848
Purchase of property, plant and equipment –839 011 –1 029 562
Purchase of intangible assets –128 245 –103 538
Net cash flow used in investing activities –964 640 –1 126 252
Cash flows from financing activities
Proceeds from borrowings 491 512 259 344
Repayment of borrowings –571 503 –299 413
Dividend paid to equity holders of the parent –513 000 –513 000
Dividend paid to non-controlling interests –44 153 –38 250
Share capital increase in associated companies and joint ventures –49 284 –
Net cash flow from financing activities –686 428 –591 320
Net increase / decrease (–) in cash and cash equivalents –553 896 309 361
Net currency translation effect –4 973 –244 166
Cash and cash equivalents as of 1 January 1 586 034 1 520 840
Cash and cash equivalents as of 31 December 1 027 165 1 586 034