| NOK in millions |
2004 |
2003 |
 |
| |
|
|
| Proceeds from sale of goods and services |
61 107 |
53 208 |
|
| Payments to suppliers of goods and services and of other operating expenses
|
(30 639) |
(25 714) |
|
| Payments to employees, pensions, social security tax and tax deductions
|
(9 280) |
(9 400) |
|
| Interest etc. received |
913 |
1 318 |
|
| Interest etc. paid |
(1 428) |
(2 494) |
|
| Other proceeds and payments related to operating activities |
(22) |
(131) |
|
| Payment of taxes and public duties |
(1 660) |
(3 111) |
|
| Net cash flow from operating activities 1) |
18 991 |
13 676 |
|
|
| |
|
|
| Proceeds from sale of tangible and intangible assets |
263 |
523 |
|
| Purchase of tangible and intangible assets |
(11 613) |
(6 536) |
|
| Cash receipts from sale of subsidiaries and associated companies, net
of cash transferred |
849 |
2 327 |
|
| Cash payments on purchase of subsidiaries and associated companies, net
of cash received |
(6 281) |
(506) |
|
| Proceeds from sale of other investments |
3 960 |
1 072 |
|
| Payments for other investments |
(209) |
(334) |
|
| Net cash flow from investment activities |
(13 031) |
(3 454) |
|
|
| |
|
|
| Proceeds from non-current liabilities |
2 486 |
779 |
|
| Proceeds from current liabilities |
55 |
311 |
|
| Payments on non-current liabilities |
(6 044) |
(4 990) |
|
| Payments on current liabilities |
(808) |
(3 122) |
|
| Proceeds from issuance of shares, inclusive from minority interests |
47 |
32 |
|
| Shares buy back |
(2 020) |
(7) |
|
| Payment of dividends |
(1 971) |
(890) |
|
| Net cash flow from financing activities |
(8 255) |
(7 887) |
|
|
| |
|
|
| Effect on cash and cash equivalents of changes in foreign exchange rates
|
(268) |
45 |
|
| Net change in cash and cash equivalents |
(2 563) |
2 380 |
|
| Cash and cash equivalents as of 1 January |
7 644 |
5 264 |
|
| Cash and cash equivalents as of December |
5 081 |
7 644 |
|
|
| |
|
|
| 1) Reconciliation |
| Net income |
5 358 |
4 560 |
|
| Minority interests |
1 244 |
(490) |
|
| Taxes |
2 244 |
(2 376) |
|
| Profit before taxes and minority interests |
8 846 |
7 426 |
|
| Taxes paid |
(1 516) |
(3 283) |
|
| Net (gain) loss including write-downs of financial items |
(3 127) |
(76) |
|
| Depreciation, amortization and write-downs |
14 219 |
10 742 |
|
| Associated companies |
(718) |
(1 231) |
|
| Changes in inventories |
(79) |
3 |
|
| Changes in accounts receivable and prepayments from customers |
387 |
1 017 |
|
| Changes in accounts payable and prepaid expenses |
237 |
119 |
|
| Difference between expensed and paid pensions |
362 |
134 |
|
| Currency (gains) losses not relating to operating activities |
57 |
(78) |
|
| Change in other accruals |
323 |
(1 097) |
|
| Net cash flow from operating activities |
18 991 |
13 676 |
|
