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STATEMENTS OF CASH FLOWS

USD '000
Notes
2006
2005
2004
   
Cash Flow from Operations:  
Received payments of gross revenue  
188 189
173 540
145 479
Payments of operating cost  
(157 578)
(142 045)
(123 415)
Received payments of interest  
3 844
521
1 459
Payment of interest  
(13 822)
(11 427)
(11 045)
Payment of taxes  
(292)
(167)
(124)
Net Cash Flow from Operations 1)  
20 341
20 422
12 354
   
Cash Flow from Investments:  
Payments of purchase of fixed assets  
(33 684)
(12 251)
(2 710)
Payments of purchase of intangible fixed assets  
(3 023)
0 0
Received payments from sale of fixed assets  
647
0
1 565
Payments of purchase of shares and parts in other companies  
(4 406)
(5 792)
(916)
Received payments from sale of shares and parts in other companies  
220
9 206
1 265
Payments of purchase of other investments  
0
0
(68)
Net Cash Flow from Investments  
(40 246)
(8 837)
(864)
   
Cash Flow from Financing:  
Received payments from raising new long-term debt  
76 297
103 783
41 441
Repayment of long-term debt  
(52 168)
(31 412)
(56 367)
Payment of purchase of treasury shares and convertible bonds  
(4 659)
(3 289)
(10 179)
Payment of dividend  
(1 301)
(17 443)
(5 760)
Net Cash Flow from Financing  
18 169
51 639
(30 865)
Net change in cash and cash equivalents  
(1 736)
63 224
(19 375)
Cash and cash equivalents 1. January  
83 019
19 795
39 170
Cash and cash equivalents 31. December
81 283
83 019
19 795
   
1) Reconciliation:  
Net result before taxes  
10 928
20 507
4 081
Gains from sale of fixed assets  
0
0
(1 326)
Gains from sale of financial current assets  
(188)
(3 067)
0
Ordinary depreciation and amortisation  
13 532
11 937
12 571
Writedown of shares and fixed assets  
874
(848)
424
Variance on derivative of convertible bond  
(766)
8 250
0
Change in short term receivables  
(19 295)
(11 728)
(2 845)
Change in short term liabilities  
14 585
(3 455)
(333)
Unrealised loss on exchange  
671
(1 174)
(218)
Net Cash Flow from Operations  
20 341
20 422
12 354

 
 
I.M. Skaugen - Annual Report 2003