Cash flow – parent

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Cash Flow Statement | Solvang ASA
Amounts in NOK 1 000 2014 2013
CASH FLOW FROM OPERATING ACTIVITIES
Profit / (loss) before tax 11 546 11 758
Taxes paid 0 0
Profit / (loss) on sale of fixed assets 0 0
Depreciation and amortisation 765 628
Return on investments in equity shares -2 820 -4 535
Difference between expensed pension and paid in/out 241 -877
Write-down subsidiaries 0 0
Result in other affiliated companies -108 -272
Result in affiliated ship owning companies 2 060 145
Changes in inventories, trade receivables and trade payables 784 -709
Changes in other current balance sheet items 2 357 -6 753
Financial income 0 0
Financial expenses 0 0
Effect of changes in exchange rates 0 0
Write-down shares in subsidiaries 0 -10 761
Net cash flow from operating activities 14 826 -11 375
CASH FLOW FROM INVESTING ACTIVITIES
Proceeds from sale / purchase of tangible fixed assets -285 -1 753
Proceeds from sale / purchase of securities 16 223 20 707
Dividend received 408 660
Investment affiliated companies 29 66
Proceeds form ship owning companies 0
Proceeds from sale of investments in shares and joint ventures   0
Payments to ship owning companies -2 551 0
Net cash flow from investing activities 13 824 19 680
CASH FLOW FROM FINANCING ACTIVITIES
Changes in overdraft facility -87 -477
Payments other long term debt   0
Purchase / sale of treasury shares 677 751500
Change in outstanding accounts group companies -6 246 650
Issue / repurchase of partnership capital 0 0
Dividends paid -12 202 -12 166
Group contribution paid/received 0 0
Net cash flow from financing activities -17 859 -11 241
Effects of changes in exchange rates on cash and cash equivalents 0 0
Net change in cash and cash equivalents 10 790 -2 936
Cash and cash equivalents 01.01 8 047 10 983
Cash and cash equivalents 31.12 18 837 8 047
 
18 837 467.00 8 047 350
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