Financial review
STATEMENT OF CASH FLOW
1 January - 31 December
DET NORSKE VERITAS FOUNDATION
56
(Amounts in NOK million)
DET NORSKE VERITAS GROUP
2004
2003
2002
2004
2003
2002
9.9 0.0 0.0 (6.1)
13.0 0.0 0.0 (5.3)
8.6 0.0 0.0 (5.0)
0.0 0.8
12.4 (1.7)
(10.6) (4.7)
Cash flow from operations Ordinary profit before tax Gain/loss on disposal of tangible fixed assets Depreciation Tax payable Change in work in progress, trade debtors and trade creditors Change in other accruals
337.7 (13.8) 116.4 (163.0)
459.1 (89.1) 116.0 (221.7)
256.6 (18.2) 147.3 (123.5)
(74.6) 50.6
(122.8) 432.3
230.5 (395.6)
4.6
18.4
(11.7)
Net cash flow from operations
253.3
573.8
97.1
0.0 0.0 0.0 (21.5)
0.0 0.0 0.0 38.2
0.0 0.0 0.0 14.1
Cash flow from investments Investments in tangible fixed assets Sale of tangible fixed assets (sales value) Currency effects on tangible fixed assets Change in other investments
(125.6) 23.1 3.7 22.6
(129.7) 174.7 (15.7) (1.8)
(146.3) 37.8 40.7 26.9
(21.5)
38.2
14.1
Net cash flow from investments
(76.2)
27.5
(40.9)
0.0 0.0 0.0 0.0
0.0 0.0 (280.0) 0.0
0.0 160.0 0.0 0.0
Cash flow from capital transactions Change in overdrafts New short- and long-term debt Repayment of debt Currency effect on debt
(7.8) 0.0 0.0 0.0
5.7 0.0 (344.9) 0.0
1.7 0.0 (39.1) (10.3)
0.0
(280.0)
160.0
Net cash flow from capital transactions
(7.8)
(339.2)
(47.7)
4.6 (21.5) 0.0
18.4 38.2 (280.0)
(11.7) 14.1 160.0
Liquidity Net cash flow from operations Net cash flow from investments Net cash flow from capital transactions
253.3 (76.2) (7.8)
573.8 27.5 (339.2)
97.1 (40.9) (47.7)
(16.9)
(223.4)
162.4
Net change in liquidity during the year
169.3
262.1
8.5
365.2
588.6
426.2
Liquidity at 1 January
804.6
542.5
534.0
348.3
365.2
588.6
Liquidity at 31 December
973.9
804.6
542.5