| NOK in millions |
Note |
2005 |
2004 |
 |
| |
|
|
|
| Proceeds from sale of goods and services |
|
69 853 |
61 107 |
|
| Payments to suppliers of goods and services and of other operating expenses |
|
(35 461) |
(30 639) |
|
| Payments to employees, pensions, social security tax and tax deductions |
|
(9 635) |
(9 280) |
|
| Proceeds from interest income |
|
347 |
323 |
|
| Proceeds from other financial income |
|
162 |
590 |
|
| Payments of interest expenses |
|
(1 563) |
(1 361) |
|
| Payments of other financial expenses |
|
(49) |
(67) |
|
| Other proceeds and payments related to operating activities |
|
4 |
(22) |
|
| Payment of income taxes and public duties |
|
(1 318) |
(1 660) |
|
| Net cash flow from operating activities 1) |
|
22 340 |
18 991 |
|
|
| |
|
|
|
| Proceeds from sale of property, plant and equipment and intangible assets |
|
539 |
263 |
|
| Purchase of property, plant and equipment and intangible assets |
|
(14 213) |
(11 613) |
|
| Cash receipts from sale of subsidiaries and associated companies, net
of cash sold |
29 |
740 |
849 |
|
| Cash payments on purchase of subsidiaries and associated companies, net
of cash purchased |
29 |
(8 128) |
(6 281) |
|
| Proceeds from sale of other investments |
|
1 539 |
3 960 |
|
| Payments for other investments |
|
(475) |
(209) |
|
| Net cash flow from investment activities |
|
(19 998) |
(13 031) |
|
|
| |
|
|
|
| Proceeds from non-current liabilities |
|
5 718 |
2 486 |
|
| Proceeds from current liabilities |
|
6 057 |
55 |
|
| Payments on non-current liabilities |
|
(4 724) |
(6 044) |
|
| Payments on current liabilities |
|
(2 876) |
(808) |
|
| Proceeds from issuance of shares, inclusive from minority interests |
|
74 |
47 |
|
| Shares buy back |
|
(2 267) |
(2 020) |
|
| Payment of equity and dividends to minorities in subsidiaries |
|
(219) |
(207) |
|
| Payment of dividends |
|
(2 595) |
(1 764) |
|
| Net cash flow from financing activities |
|
(832) |
(8 255) |
|
|
| |
|
|
|
| Effect on cash and cash equivalents of changes in foreign exchange rates |
|
215 |
(268) |
|
| Net change in cash and cash equivalents |
|
1 725 |
(2 563) |
|
| Cash and cash equivalents as of 1 January |
|
5 081 |
7 644 |
|
| Cash and cash equivalents as of 31 December |
29 |
6 806 |
5 081 |
|
|
| |
|
|
|
| 1) Reconciliation |
| Profit after taxes |
|
9 134 |
7 413 |
|
| Profit after taxes from discontinued operations |
|
4 |
- |
|
| Taxes |
|
3 453 |
2 461 |
|
| Profit before taxes |
|
12 591 |
9 874 |
|
| Income taxes paid |
|
(1 369) |
(1 516) |
|
| Net (gain) loss including write-downs and change in fair value of financial
items |
|
(929) |
(3 161) |
|
| Depreciation, amortization and write-downs |
|
12 131 |
14 168 |
|
| Associated companies |
|
(1 233) |
(986) |
|
| Changes in inventories |
|
(37) |
(79) |
|
| Changes in accounts receivable and prepayments from customers |
|
1 659 |
95 |
|
| Changes in accounts payable and prepaid expenses |
|
407 |
237 |
|
| Difference between expensed and paid pensions |
|
211 |
267 |
|
| Currency (gains) losses not relating to operating activities |
|
(18) |
57 |
|
| Change in other accruals |
|
(1 073) |
35 |
|
| Net cash flow from operating activities |
|
22 340 |
18 991 |
|
Value added tax is regarded as collection of tax on behalf of the authorities
and reported net. Received dividends are included in line item “Proceeds from
other financial income”.
