Statements of Cash Flows - I.M. Skaugen SE Group
| USD ‘000 |
Notes |
2007 |
2006 |
2005 |
| Cash flow from operations: |
|
|
|
|
| Received payments of gross revenues |
|
162 222 |
188 189 |
173 540 |
| Payments of operating expenses |
|
(177 167) |
(157 578) |
(142 045) |
| Received payments of interest |
|
4 182 |
3 844 |
521 |
| Payment of interest |
|
(13 899) |
(13 822) |
(11 427) |
| Payment of taxes |
|
(677) |
(292) |
(167) |
| Net Cash Flow from Operations 1) |
|
(25 339) |
20 341 |
20 422 |
| |
|
|
|
|
| Cash Flow from Investments: |
|
|
|
|
| Payments of purchase of fixed assets |
|
(24 275) |
(33 684) |
(12 251) |
| Payments of purchase of intangible fixed assets |
|
(3 280) |
(3 023) |
0 |
| Received payments from sale of fixed assets |
|
13 362 |
647 |
0 |
| Payments of purchase of shares and parts in other companies |
|
(5 986) |
(4 406) |
(5 792) |
| Received payments from sale of shares and parts in other companies |
|
1 923 |
220 |
9 206 |
| Payments of purchase of other investments |
|
0 |
0 |
0 |
| Net Cash Flow from Investments |
|
(18 256) |
(40 246) |
(8 837) |
| |
|
|
|
|
| Cash Flow from Financing: |
|
|
|
|
| Received payments from raising new long-term debt |
|
96 038 |
76 297 |
103 783 |
| Repayment of long-term debt |
|
(15 702) |
(52 168) |
(31 412) |
| Payment of purchase of treasury shares and convertible bonds |
|
0 |
(4 659) |
(3 289) |
| Payment of dividend |
|
(7 761) |
(1 301) |
(17 443) |
| Net Cash Flow from Financing |
|
72 575 |
18 169 |
51 639 |
| Net change in cash and cash equivalents |
|
28 980 |
(1 736) |
63 224 |
| Cash and cash equivalents 1. January |
|
81 283 |
83 019 |
19 795 |
| Cash and cash equivalents 31. December |
10 |
110 263 |
81 283 |
83 019 |
| |
|
|
|
|
| 1) Reconciliation: |
|
|
|
|
| Net result before taxes |
|
20 829 |
10 928 |
20 507 |
| Gains from sale of fixed assets |
|
(4 287) |
0 |
0 |
| Gains from sale of financial current assets |
|
0 |
(188) |
(3 067) |
| Ordinary depreciation and amortisation |
|
12 495 |
13 532 |
11 937 |
| Writedown of shares and fixed assets |
|
0 |
874 |
(848) |
| Changes in market value of financial instruments |
|
760 |
(766) |
8 250 |
| Change in short term receivables |
|
(74 839) |
(19 295) |
(11 728) |
| Change in short term liabilities |
|
19 703 |
14 585 |
(3 455) |
| Unrealised (gains)/losses on exchange |
|
0 |
671 |
(1 174) |
| Net Cash Flow from Operations |
|
(25 339) |
20 341 |
20 422 |