össur annual report2009 - Euroland

Össur hf. consolidated financial stateMents 2009
CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS 2009 AND 2008
CASH fLOWS fROM OpERATING ACTIVITIES NOTES 2009 2008
Profit from operations 48,240 55,958
Depreciation and amortization 14, 16 18,748 23,482
Gain on disposal of assets 531 40
Change in provisions ( 2,811 ) 1,369
Changes in operating assets and liabilities 21,062 ( 9,389 )
CASH GENERATED BY OpERATIONS 85,770 71,460
Interest received 302 283
Interest paid ( 10,570 ) ( 16,948 )
Taxes paid ( 6,347 ) ( 1,960 )
NET CASH pROVIDED BY OpERATING ACTIVITIES 69,155 52,835
CASH fLOWS fROM INVESTING ACTIVITIES
Purchase of fixed assets 14, 16 ( 9,679 ) ( 7,754 )
Proceeds from sale of fixed assets 762 959
Acquisition of subsidiaries ( 5,897 ) 0
Changes in financial assets ( 1,609 ) 147
CASH fLOWS fROM fINANCING ACTIVITIES
annual report 09
64
( 16,423 ) ( 6,648 )
Repayments of short-term borrowings ( 7,493 ) ( 14,271 )
Repayments of long-term borrowings ( 25,912 ) ( 15,943 )
Paid in capital 23 29,121 ( 396 )
( 4,284 ) ( 30,610 )
NET CHANGE IN CASH 48,448 15,577
EffECTS Of fOREIGN ExCHANGE RATE ADJUSTMENTS 477 ( 560 )
CASH AT BEGINNING Of YEAR 30,906 15,889
CASH AT END Of YEAR 79,831 30,906
Additional information regarding cash flow 13