(USD 1 000)
|
|
|
CASH FLOW FROM OPERATING ACTIVITIES |
2009 |
2008 |
| Net result before taxes |
103 174 |
122 666 |
| Depreciation |
1 154 |
1 935 |
| Changes in the value of financial non-current assets |
- |
(10 962) |
| Inventory (increase) decrease |
- |
888 |
| Trade creditors increase (decrease) |
- |
(9 675) |
| Difference in pension cost and pension premium paid |
- |
(18 455) |
| Exchange rate fluctuations |
(4 049) |
569 |
| Dividends classified as investing activities |
(74 280) |
(117 326) |
| Other short-term accruals |
9 906 |
32 372 |
| Net cash flow from operating activities |
35 905 |
2 012 |
|
|
|
CASH FLOW FROM INVESTING ACTIVITIES |
|
|
| Sale of non-current assets |
- |
58 568 |
| Investment in non-current assets |
(1 201) |
(9 286) |
| Investment in subsidiaries and other shares |
(142 033) |
(231 066) |
| Share capital repaid from subsidiaries |
- |
81 095 |
| Received dividend |
74 280 |
117 326 |
| Available-for-sale investments |
2 599 |
(32 278) |
| Changes in long-term receivables |
(10 641) |
(14 203) |
| Loans to subsidiaries |
40 149 |
20 495 |
| Net cash flow from investing activities |
(36 847) |
(9 348) |
|
|
|
CASH FLOW FROM FINANCING ACTIVITIES |
|
|
| New long-term debt |
104 000 |
136 003 |
| Payment of long-term debt |
(74 276) |
(139 399) |
| Share repurchases |
(38 090) |
50 424 |
| Dividend |
(12 397) |
(32 112) |
| Net cash flow from financing activities |
(20 763) |
14 915 |
|
|
|
| Effect on cash balances from currency exchange rate fluctuations |
4 663 |
(10 177) |
|
|
|
| Net change in cash balances |
(17 042) |
(2 598) |
| Cash balances as per 1.1 |
64 478 |
67 075 |
| Cash balances as per 31.12 |
47 436 |
64 478 |
|
|
|
| Available credit facilities |
61 750 |
- |
