Download annual report 2011 here - Dantherm

INDEX INDEXStatement of changes in equityCash flow statementRetainedDKK '000 Share capital earnings TotalEquity as at 1 January 2010 359,528 -143,326 216,202Changes in equity in 2010Net profit/loss for the year 0 -2,815 -2,815Total comprehensive income 0 -2,815 -2,815Total changes in equity in 2010 0 -2,815 -2,815Equity as at 31 December 2010 359,528 -146,141 213,387Equity as at 1 January 2011 359,528 -146,141 213,387Changes in equity in 2011Capital reduction -287,622 287,622 0Net profit/loss for the year 0 -15,026 -15,026Total comprehensive income -287,622 272,596 -15,026Total changes in equity in 2011 -287,622 272,596 -15,026Equity as at 31 December 2011 71,906 126,455 198,361DKK '000 Note 2011 2010Profit/loss before tax -14,851 -4,776Adjustment for non-cash operating items etc.:Depreciation, amortisation, impairment losses and write-downs 1,532 553Special items 2,788 21,118Financial income -62 -214Financial expenses 3,145 9,776Cash flow from primary operations before changes in working capital -7,448 26,457Change in receivables -525 1,160Change in trade payables etc. -2,123 4,128Cash flow from primary operations -10,096 31,745Interest income received 62 214Interest expenses paid -3,119 -9,776Cash flow from ordinary operations -13,153 22,183Income tax paid -175 374Cash flow from operating activities -13,328 22,557Divestment of subsidiaries 0 127,861Purchase of intangible assets -1,000 0Purchase of financial assets -1,000 0Contributions to subsidiaries -2,788 -7,029Financial loans -9,120 0Investments in associates 0 -8,000Cash flow from investing activities -13,908 112,832Loan financing:Repayment of non-current liabilities 0 -56,726Change in intercompany accounts with group enterprises -1,526 -40,530Cash flow from financing activities -1,526 -97,256Cash flow for the year -28,762 38,133Cash and cash equivalents, beginning of year -39,382 -77,515Cash and cash equivalents, year-end -68,144 -39,382Cash, year-end, comprises:Cash 1 1Short-term bank debt -68,145 -39,383Cash and cash equivalents, year-end -68,144 -39,38282 Dantherm Annual Report 2011 Annual Report 2011 Dantherm 83