{"id":2508,"date":"2021-05-25T14:29:49","date_gmt":"2021-05-20T15:05:08","guid":{"rendered":"https:\/\/norfund.wpenginepowered.com\/annualreport-2020\/?page_id=2508"},"modified":"2024-06-13T08:57:49","modified_gmt":"2024-06-13T06:57:49","slug":"cash-flow","status":"publish","type":"page","link":"https:\/\/reports.norfund.no\/annualreport-2023\/annual-report\/cash-flow\/","title":{"rendered":"Cashflow Statement"},"content":{"rendered":"<div class=\"norfund-advanced-table-block-container\"><div class=\"norfund-advanced-table-block-container-inner\"><table><thead><tr class=\"\"><th class=\"is-chars\">(Figures in 1000s of NOK)<\/th><th class=\"is-chars\">Note<\/th><th class=\"is-num\">2023<\/th><th class=\"is-num\">2022<\/th><\/tr><\/thead><tbody><tr class=\"title\"><td class=\"is-chars\">Cash flows from operations<\/td><td class=\"is-chars\"><\/td><td class=\"is-chars\"><\/td><td class=\"is-chars\"><\/td><\/tr><tr class=\"regular\"><td class=\"is-chars\">Profit before tax<\/td><td class=\"is-chars\"><\/td><td class=\"is-num\">1 907 808<\/td><td class=\"is-num\">2 251 093<\/td><\/tr><tr class=\"regular\"><td class=\"is-chars\">Taxes paid<\/td><td class=\"is-chars\"><\/td><td class=\"is-num\">-11 625<\/td><td class=\"is-num\">-6 448<\/td><\/tr><tr class=\"regular\"><td class=\"is-chars\">Ordinary depreciation<\/td><td class=\"is-chars\"><a href=\"https:\/\/reports.norfund.no\/annualreport-2023\/annual-report\/notes\/note-5\/\" class=\"note-link\" type=\"button\" data-note-number=\"5\" data-a11y-dialog-show=\"note-dialog-5-14525837\">5<\/a><div id=\"note-dialog-5-14525837\" class=\"dialog-container\" aria-hidden=\"true\" data-a11y-dialog=\"note-dialog-5-14525837\"><button type=\"button\"  data-a11y-dialog-hide=\"note-dialog-5-14525837\"><span class=\"screen-reader-text\">Close<\/span><\/button><div class=\"dialog-container-inner\"><\/div><\/div><\/td><td class=\"is-num\">2 745<\/td><td class=\"is-num\">3 639<\/td><\/tr><tr class=\"regular\"><td class=\"is-chars\">Gain\/loss (-) on sales<\/td><td class=\"is-chars\"><\/td><td class=\"is-num\">-467 210<\/td><td class=\"is-num\">-136 065<\/td><\/tr><tr class=\"regular\"><td class=\"is-chars\">Reversal of write-down (-) \/ Write-down investment projects<\/td><td class=\"is-chars\"><\/td><td class=\"is-num\">460 316<\/td><td class=\"is-num\">242 788<\/td><\/tr><tr class=\"regular\"><td class=\"is-chars\">Differences in pension expenses and receipts\/disbursements, pension plan<\/td><td class=\"is-chars\"><\/td><td class=\"is-num\">2 429<\/td><td class=\"is-num\">4 004<\/td><\/tr><tr class=\"regular\"><td class=\"is-chars\">Effect of exchange rate changes<\/td><td class=\"is-chars\"><\/td><td class=\"is-num\">-305 924<\/td><td class=\"is-num\">-1 676 622<\/td><\/tr><tr class=\"regular\"><td class=\"is-chars\">Investments in fixed assets<\/td><td class=\"is-chars\"><a href=\"https:\/\/reports.norfund.no\/annualreport-2023\/annual-report\/notes\/note-5\/\" class=\"note-link\" type=\"button\" data-note-number=\"5\" data-a11y-dialog-show=\"note-dialog-5-40656769\">5<\/a><div id=\"note-dialog-5-40656769\" class=\"dialog-container\" aria-hidden=\"true\" data-a11y-dialog=\"note-dialog-5-40656769\"><button type=\"button\"  data-a11y-dialog-hide=\"note-dialog-5-40656769\"><span class=\"screen-reader-text\">Close<\/span><\/button><div class=\"dialog-container-inner\"><\/div><\/div><\/td><td class=\"is-num\">-14 218<\/td><td class=\"is-num\">-1 311<\/td><\/tr><tr class=\"regular\"><td class=\"is-chars\">Change in other accruals<\/td><td class=\"is-chars\"><\/td><td class=\"is-num\">-107 304<\/td><td class=\"is-num\">1 298 953<\/td><\/tr><tr class=\"regular\"><td class=\"is-chars\">Net disbursements of grant capital<\/td><td class=\"is-chars\"><a href=\"https:\/\/reports.norfund.no\/annualreport-2023\/annual-report\/notes\/note-13\/\" class=\"note-link\" type=\"button\" data-note-number=\"13\" data-a11y-dialog-show=\"note-dialog-13-45444936\">13<\/a><div id=\"note-dialog-13-45444936\" class=\"dialog-container\" aria-hidden=\"true\" data-a11y-dialog=\"note-dialog-13-45444936\"><button type=\"button\"  data-a11y-dialog-hide=\"note-dialog-13-45444936\"><span class=\"screen-reader-text\">Close<\/span><\/button><div class=\"dialog-container-inner\"><\/div><\/div><\/td><td class=\"is-num\">-22 650<\/td><td class=\"is-num\">-6 296<\/td><\/tr><tr class=\"summary\"><td class=\"is-chars\">Net cash flow from operations<\/td><td class=\"is-chars\"><\/td><td class=\"is-num\">1 444 367<\/td><td class=\"is-num\">1 973 735<\/td><\/tr><tr class=\"title\"><td class=\"is-chars\">Cash flows from investment activities<\/td><td class=\"is-chars\"><\/td><td class=\"is-chars\"><\/td><td class=\"is-chars\"><\/td><\/tr><tr class=\"regular\"><td class=\"is-chars\">Proceeds of sales\/reflows from shares\/holdings recorded at historical cost<\/td><td class=\"is-chars\"><\/td><td class=\"is-num\">812 790<\/td><td class=\"is-num\">906 904<\/td><\/tr><tr class=\"regular\"><td class=\"is-chars\">Disbursements in connection with acquisition of shares\/interests in other enterprises<\/td><td class=\"is-chars\"><\/td><td class=\"is-num\">-4 088 352<\/td><td class=\"is-num\">-3 106 212<\/td><\/tr><tr class=\"regular\"><td class=\"is-chars\">Disbursements \u2013 investment loans<\/td><td class=\"is-chars\"><\/td><td class=\"is-num\">-3 360 092<\/td><td class=\"is-num\">-2 238 992<\/td><\/tr><tr class=\"regular\"><td class=\"is-chars\">Receipts &#8211; repayment of principal, investment loans<\/td><td class=\"is-chars\"><\/td><td class=\"is-num\">1 607 258<\/td><td class=\"is-num\">1 309 212<\/td><\/tr><tr class=\"regular\"><td class=\"is-chars\">Changes current investments<\/td><td class=\"is-chars\"><a href=\"https:\/\/reports.norfund.no\/annualreport-2023\/annual-report\/notes\/note-12\/\" class=\"note-link\" type=\"button\" data-note-number=\"12\" data-a11y-dialog-show=\"note-dialog-12-57068853\">12<\/a><div id=\"note-dialog-12-57068853\" class=\"dialog-container\" aria-hidden=\"true\" data-a11y-dialog=\"note-dialog-12-57068853\"><button type=\"button\"  data-a11y-dialog-hide=\"note-dialog-12-57068853\"><span class=\"screen-reader-text\">Close<\/span><\/button><div class=\"dialog-container-inner\"><\/div><\/div><\/td><td class=\"is-num\">356 052<\/td><td class=\"is-num\">-276 151<\/td><\/tr><tr class=\"summary\"><td class=\"is-chars\">Net cash flow from investments<\/td><td class=\"is-chars\"><\/td><td class=\"is-num\">-4 672 343<\/td><td class=\"is-num\">-3 405 239<\/td><\/tr><tr class=\"title\"><td class=\"is-chars\">Cash flow from financing activities<\/td><td class=\"is-chars\"><\/td><td class=\"is-chars\"><\/td><td class=\"is-chars\"><\/td><\/tr><tr class=\"regular\"><td class=\"is-chars\">Receipts &#8211; grant resources carried as current liabilities<\/td><td class=\"is-chars\"><a href=\"https:\/\/reports.norfund.no\/annualreport-2023\/annual-report\/notes\/note-13\/\" class=\"note-link\" type=\"button\" data-note-number=\"13\" data-a11y-dialog-show=\"note-dialog-13-42191379\">13<\/a><div id=\"note-dialog-13-42191379\" class=\"dialog-container\" aria-hidden=\"true\" data-a11y-dialog=\"note-dialog-13-42191379\"><button type=\"button\"  data-a11y-dialog-hide=\"note-dialog-13-42191379\"><span class=\"screen-reader-text\">Close<\/span><\/button><div class=\"dialog-container-inner\"><\/div><\/div><\/td><td class=\"is-num\">29 500<\/td><td class=\"is-num\">15 000<\/td><\/tr><tr class=\"regular\"><td class=\"is-chars\">Increase in\/repayment of equity<\/td><td class=\"is-chars\"><a href=\"https:\/\/reports.norfund.no\/annualreport-2023\/annual-report\/notes\/note-12\/\" class=\"note-link\" type=\"button\" data-note-number=\"12\" data-a11y-dialog-show=\"note-dialog-12-19677688\">12<\/a><div id=\"note-dialog-12-19677688\" class=\"dialog-container\" aria-hidden=\"true\" data-a11y-dialog=\"note-dialog-12-19677688\"><button type=\"button\"  data-a11y-dialog-hide=\"note-dialog-12-19677688\"><span class=\"screen-reader-text\">Close<\/span><\/button><div class=\"dialog-container-inner\"><\/div><\/div><\/td><td class=\"is-num\">2 678 152<\/td><td class=\"is-num\">2 678 152<\/td><\/tr><tr class=\"regular\"><td class=\"is-chars\">Net cash flow from financing activities<\/td><td class=\"is-chars\"><\/td><td class=\"is-num\">2 707 652<\/td><td class=\"is-num\">2 693 152<\/td><\/tr><tr class=\"regular\"><td class=\"is-chars\">Net change in cash and cash equivalents<\/td><td class=\"is-chars\"><\/td><td class=\"is-num\">-520 324<\/td><td class=\"is-num\">1 261 648<\/td><\/tr><tr class=\"summary\"><td class=\"is-chars\">Bank deposits, cash  and cash equivalents at 01.01<\/td><td class=\"is-chars\"><\/td><td class=\"is-num\">5 499 614<\/td><td class=\"is-num\">4 237 965<\/td><\/tr><tr class=\"summary\"><td class=\"is-chars\">Bank deposits, cash  and cash equivalents at 31.12<\/td><td class=\"is-chars\"><a href=\"https:\/\/reports.norfund.no\/annualreport-2023\/annual-report\/notes\/note-12\/\" class=\"note-link\" type=\"button\" data-note-number=\"12\" data-a11y-dialog-show=\"note-dialog-12-45357541\">12<\/a><div id=\"note-dialog-12-45357541\" class=\"dialog-container\" aria-hidden=\"true\" data-a11y-dialog=\"note-dialog-12-45357541\"><button type=\"button\"  data-a11y-dialog-hide=\"note-dialog-12-45357541\"><span class=\"screen-reader-text\">Close<\/span><\/button><div class=\"dialog-container-inner\"><\/div><\/div><\/td><td class=\"is-num\">4 979 289<\/td><td class=\"is-num\">5 499 614<\/td><\/tr><\/tbody><\/table><\/div><\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":5,"featured_media":0,"parent":2501,"menu_order":4,"comment_status":"closed","ping_status":"closed","template":"","meta":{"norfund_header_layout":"hero","norfund_header_layout_image_id":0,"norfund_header_layout_image_focal_point_x":0,"norfund_header_layout_image_focal_point_y":0,"norfund_header_layout_suptitle":"","norfund_header_layout_subtitle":"","norfund_header_layout_title":"Cashflow Statement","teft_cards_image_id":0,"teft_cards_image_focal_point_x":0,"teft_cards_image_focal_point_y":0,"teft_cards_title":"Cashflow Statement","teft_cards_excerpt":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cashflow Statement | Annual Report 2023<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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