Cash flow analysis
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     Parent company  Consolidated accounts
    21.02.15 21.02.14 21.02.15 21.02.14
Amounts in USD 000's Notes to 20.02.16 to 20.02.15 to 20.02.16 to 20.02.15
           
Cash flow from operating activities          
Profit from ordinary operations before tax   2,582 4,259 (5,829) 36,889
Tax paid 9 (3,082) (4,483) (9,892) (11,873)
Change in unrealised gain/loss on investments   91,133 66,700 170,917 48,297
Income/loss from sales of equipment   0 0 (64) (548)
Depreciation, impairment and amortisation expenses 11, 12 0 250 3,556 5,912
Change in pension obligations 20 (384) (319) (62,267) 10,767
Pension costs charged to statement of comprehensive income 20 108 82 56,574 (25,868)
Financial investments   (164,216) (54,656) (191,772) (145,696)
Change in valuation due to change in exchange rates   (254) 0 (1,584) 0
Change in receivables and payables   89,046 (70,853) 129,967 (52,727)
Change in technical provisions and other accruals   (16,636) 22,166 (15,086) 75,431
Net cash flow from operating activities   (1,702) (36,854) 74,519 (59,416)
           
Cash flow from investment activities          
Dividends received from subsidiaries 3 35,000 60,300 0 0
Group contribution paid to/received from subsidiary 3 26,074 (40,000) 0 0
Purchase of intangible assets 10 0 0 (611) (877)
Purchase of equipment 12 0 0 (1,089) (1,352)
Purchase of property and plant 11 0 0 (372) (1,217)
Proceeds from disposal of equipment   0 0 984 976
Net cash flow from investment activities   61,074 20,300 (1,088) (2,470)
           
Cash flow from financial activities          
Borrowings   9,524 0 0 0
Repayment of borrowings   (16,077) 4,428 0 0
Net cash flow from financial activities   (6,553) 4,428 0 0
           
Net change in cash and cash equivalents   52,819 (12,126) 73,431 (61,886)
Cash and cash equivalents at beginning of year   15,846 27,972 101,141 163,027
Bank overdraft at beginning of year   0 0 0 0
           
Cash and cash equivalents at end of year   68,665 15,846 174,572 101,141