Annual Report 2011

Schibsted ASA Statement of Cash Flows for the year ended
31 December

 
(NOK million)20112010
CASH FLOW FROM OPERATING ACTIVITIES  
Profit (loss) before taxes 1,334 1,250
Depreciation and amortisation 1 3
Reversed previous impairment losses - (76)
Impairment losses of shares 17 3
Gain on sale of non-current assets - (25)
Share-based payment 4 4
Group contributions included in financial income (1,482) (763)
Change in current receivables 111 (22)
Change in current liabilities (2) 18
Difference between pension cost and cash flow related to pension plans 26 10
Other accruals - 1
Net cash flow from operating activities 9 403
CASH FLOW FROM INVESTING ACTIVITIES  
Purchase of intangible assets and property, plant and equipment - (1)
Sale of intangible assets and property, plant and equipment - 1
Change in non-current receivables - (703)
Acquisition of subsidiaries (587) (133)
Payment of merger receivables 989 -
Sale of shares - 302
Net cash flow from investing activities 402 (534)
CASH FLOW FROM FINANCING ACTIVITIES  
Change in non-current interest-bearing borrowings - 703
Change in current interest-bearing borrowings (135) (956)
Group contributions received (net) 201 314
Dividends paid (324) (155)
Purchase / sale of treasury shares (160) 72
Net cash flow from financing activities (418) (22)
Net cash flow for the year (7) (153)
Cash and cash equivalents at 1 January 20 173
Cash and cash equivalents at 31 December 13 20

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