Financial data

CASH FLOW

Yearly

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CASH FLOW

CONSOLIDATED STATEMENT OF CASH FLOWS	2021	2020
NOK million

Cash flows from operating activities
Profit before income tax	80.2	145.3
Adjustments for:
Impairment, depreciation and amortisation expenses	237.5	162.6
Taxes paid	-31.3	-19.9
Net gain/loss on sale of non-current assets	-5.3	0.1
Interest and other financial items	113.4	33.9
Change in net working capital	57.8	-2.3
Changes in other items*	-114.8	34.1
Net cash inflow from operating activities	337.4	353.8

Cash flows from investing activities
Payment for acquisition of subsiduaries, net of cash acquired	-214.1	-292.2
Payment for fixed assets	-70.8	-61.6
Proceeds from sale of fixed assets	12.6	8.6
Net cash outflow from investing activities	-272.3	-345.2

Cash flows from financing activities
Proceeds from issuance of ordinary shares	914.9	2.0
Proceeds from borrowings	547.1	266.9
Repayment of borrowings	-1,235.3	-91.5
Principal element of lease payments	-134.5	-114.6
Interest paid	-50.3	-30.7
(Interest paid and) Other financial items	-22.7	-32.7
Net cash inflow/outflow from financing activities	19.1	-0.7

Net increase in cash and cash equivalents	84.3	7.9
Cash and cash equivalents at period start	180.9	171.8
Effects of exchange rate changes on cash and cash equivalents	-4.8	1.2
Cash and cash equivalents at period end	260.4	180.9


* Includes changes in other non-current receivables and other non-current liabilities.