Annual report 2012 - Comrod

Annual report 2012 17/92Strategies and values | Group | Parent company | Corporate governance | ContactAnnual report Financial statement NotesCash flow statement, consolidated(NOK 1000) Note 2 012 2 011Operating activitiesProfit before tax -32 275 -26 197Non-cash elements:Depreciation and impairment losses 10,11 30 740 38 490Interest income -326 -653Interest expense 5 082 4 193Differences between expensed and pension premium paid 521 -1 311Working capital adjustmentsChanges in trade and other receivables 20 691 15 729Changes in inventories -2 760 3 099Changes in trade and other payables -10 684 -11 534Unrealized exchange rate differences -6 385 7 070Income tax paid -4 080 -6 860Net cash flow from operating activities 523 22 025Investing activitiesPurchase of property, plant & equipment 10 -8 372 -24 036Purchase of intangible assets 5,11 -585 -1 518Purchase of subsidiaries 5 -1 716 -10 613Interests received 326 653Net cash flow from investing activities -10 347 -35 513Financing activitiesNew non-current liabilities 0 25 000Net change in non-current liabilities 10 120 -18 729Net change in bank overdraft 21 -24 669 24 149Interest paid -5 082 -4 193Paid in capital 7 877 -15 625Net cash flow from financing activities -11 755 10 602Net foreign currency exchange effect -6 160Net change in cash & cash equivalents -21 579 -2 886Cash & cash equivalents at beginning of period 29 545 32 271Cash & cash equivalents at end of period 15 7 960 29 545Unutilised group overdraft facility 15 14 398 40 52317