Statement of cash flow
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    Parent company Consolidated accounts
    21.02.20 21.02.19 21.02.20 21.02.19
Amounts in USD 000's Notes to 20.02.21 to 20.02.20 to 20.02.21 to 20.02.20
           
Cash flow from operating activities          
Profit before tax   14,483 9,244 101,928 34,931
Tax paid 9 0 (997) (4,128) (4,252)
Dividends received from subsidiaries 3 (6,500) (26,221) 0 0
Change in unrealised gain   (25,706) (18,860) (79,116) (90,472)
Loss from sales of equipment   0 0 0 (35)
Depreciation, impairment and amortisation expenses 10, 11, 12 0 0 2,723 2,490
Change in pension obligations 16 173 92 11,561 (1,323)
Pension defined benefit plan/pension cost paid   (81) (79) (1,199) (331)
Financial investments   (25,144) 36,240 (114,354) 73,460
Change in valuation due to change in exchange rates   (2,447) 2,792 (8,129) 1,961
Change in receivables and payables   33,939 5,205 (1,584) (2,298)
Change in technical provisions and other accruals   (4,149) (7,490) 106,472 24,319
           
Net cash flow from operating activities   (15,431) (74) 14,173 38,450
           
Cash flow from investment activities          
Dividends received from subsidiaries 3 6,500 26,221 0 0
Purchase of intangible assets 10 0 0 (5,623) (2,503)
Purchase of equipment 12 0 0 (261) (4,476)
Purchase of property and plant 11 0 0 (5,563) (891)
Proceeds from disposal of equipment   0 0 555 344
           
Net cash flow from investment activities   6,500 26,221 (10,892) (7,527)
           
Cash flow from financial activities          
Borrowings   (1,080) (20,839) 0 0
Repayment of borrowings   9,167 6,314 0 0
           
Net cash flow from financial activities   8,087 (14,525) 0 0
           
Net change in cash and cash equivalents   (843) 11,623 3,281 30,923
Cash and cash equivalents at the beginning of the year   63,858 52,235 183,189 152,265
           
Cash and cash equivalents at the end of the year   63,015 63,858 186,471 183,189