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Amounts in NOK 1000
CASH FLOW STATEMENT
BRUNVOLL HOLDING AS / BRUNVOLL HOLDING GROUP
Brunvoll Holding AS
Brunvoll Holding Group
2014
2013
2014
2013
Cash flows from operating activities
26 266
24 268 Profit before taxes
67 436
64 701
350 - Taxes paid this period
-11 846
-46 316
+ Loss / - Gain from sale of fixed assets
983
-322
+ Ordinary depreciation
34 523
30 807
+ Amortizations
-6 500
+/- Changes in inventory levels
-2 084
8 653
+/- Changes in accounts receivable
60 844
28 569
18
+/- Changes in accounts payable
-7 666
6 153
183
183 +/- Changes in pension accruals
632
1 119
-2 443
4 526 +/- Changes in other accrual items
15 557
-40 012
24 024
28 627
= Net cash flows from operating activities
151 880
53 352
Cash flows from investing activities
+ Sale of tangible fixed assets
1 300
1 303
-2 058
- Purchase of tangible fixed assets
-61 100
-88 564
-211
-41 644 - Purchase of investments in shares
-211
-575
-2 269
-41 644
= Net cash flows from investing activities
-60 011
-87 836
Cash flows from financing activities
63
5 105 + Proceeds from new long-term loans
24 977
-2 605
- Repayment of long-term loans
-4 077
-3 315
+ Proceeds from new short-term loans
22 915
-17 280
-36 396 - Dividends paid
-17 280
-36 396
30 842
36 031 + Reduction/ new long-term receivables
11 020
4 739
= Net cash flows from financing activities
1 558
-14 734
32 775
-8 278
= Net Change in Liquid Capital Reserves
93 427
-49 217
228
8 506 + Liquid capital reserves at 01.01.
48 180
97 397
33 003
228
= Liquid Capital Reserves at 31.12.
141 607
48 180
Liquid Capital Reserves consist of:
33 003
228 Cash and bank deposits at 31.12.
131 814
38 609
+ Tax withholding, etc. at 31.12.
9 793
9 571
37