AS NORMA

Cash-flow statement

 

Consolidated cash-flow statement 1999

 

in thousands kroons                                Group         Parent company

                                             31.12.99 31.12.98 31.12.99 31.12.98

Operating activities

 Operating profit                             121 580   84 047  120 116   63 152

 Profit (-), loss (+) from sale of property      -449      257     -419      -26

 Depreciation                                  27 721   28 669   19 763   16 046

 Property, plant and equipment write-off          127      167      119       62

 Devaluation of fixed assets                    7 194             4 279

 Inc. (-), decr. (+) in current assets         28 141   37 423   35 106   27 861

 Inc. (+), decr. (-) in current liabilities     2 794    4 772    8 047   13 599

 Interests received and other fin. income       4 539    3 754    4 678    4 226

 Interest paid and other fin. expenses paid    -5 455   -7 920   -5 402   -7 892

 Income taxes paid                            -16 745  -57 374  -16 068  -56 675

 Loss from long-term financial assets              -      -954              -954

Total:                                        169 447   92 841  170 219   59 399

 

Investing activities

 Property, plant and eguipment sold             1 566    1 612      500    1 006

 Property, plant and egquipment aquired       -28 586  -69 320  -28 576  -37 188

 Associated companies sold                         -     5 001             5 001

 Loans issued                                    -230     -985     -230     -980

 Loans repaid                                   1 911    1 987    1 911    1 986

Total:                                        -25 339  -61 705  -26 395  -30 175

 

Financing activities

 Loans received                                    -    80 171            80 000

 Loans repaid                                 -27 517       -   -26 672

 Dividends paid                               -39 600 -105 600  -39 600 -105 600

Total:                                        -67 117  -25 429  -66 272  -25 600

Net cash flow:                                 76 991    5 707   77 552    3 624

 

Movement in cash and cash equivalents:

 Cash and cash equivalents at the beginning    67 041   75 330   64 325   70 854

 Net cash flow                                 76 991    5 707   77 552    3 624

 Foreign exchange gain (+), loss (-)            5 303  -13 996    5 395  -10 153

 Cash and cash equivalents at the end         149 335   67 041  147 272   64 325

  incl. cash and bank accounts                 91 192   66 893   89 129   64 177

        marketable securities                  58 143      148   58 143      148

 

 

Raivo Harand

Controller

+372 65 00 482