Statement of cash flow
vertical line
    Parent company Consolidated accounts
    21.02.21 21.02.20 21.02.21 21.02.20
Amounts in USD 000's Notes to 20.02.22 to 20.02.21 to 20.02.22 to 20.02.21
           
Cash flow from operating activities          
Profit before tax   (15,114) 14,483 20,314 101,928
Tax paid 9 0 0 (13,785) (4,128)
Dividends received from subsidiaries 3 (5,500) (6,500) 0 0
Change in unrealised gain/(loss)   11,253 (25,706) 27,045 (79,116)
Depreciation, impairment and amortisation expenses 10, 11, 12 0 0 4,713 2,723
Change in pension obligations 16 (45) 173 (1,289) 11,561
Pension defined benefit plan/pension cost paid   (87) (81) (2,334) (1,199)
Financial investments   57,586 (25,144) 41,648 (114,354)
Change in valuation due to change in exchange rates   1,986 (2,447) (67) (8,129)
Change in receivables and payables   77,765 33,939 4,004 (1,584)
Change in technical provisions and other accruals   (13,795) (4,149) 40,882 106,472
           
Net cash flow from operating activities   114,048 (15,431) 121,130 14,173
           
Cash flow from investment activities          
Dividends received from subsidiaries 3 5,500 6,500 0 0
Payments of capital increases in subsidiaries 13 (49,215) 0 0 0
Purchase of intangible assets 10 0 0 (2,160) (5,623)
Purchase of equipment 12 0 0 (2,527) (261)
Purchase of property and plant 11 0 0 (1,533) (5,563)
Proceeds from disposal of equipment   0 0 262 555
           
Net cash flow from investment activities   (43,715) 6,500 (5,957) (10,892)
           
Cash flow from financial activities          
Borrowings   0 (1,080) 0 0
Repayment of borrowings   0 9,167 0 0
           
Net cash flow from financial activities   0 8,087 0 0
           
Net change in cash and cash equivalents   70,332 (843) 115,173 3,281
Cash and cash equivalents at the beginning of the year   63,015 63,858 186,471 183,189
           
Cash and cash equivalents at the end of the year   133,348 63,015 301,643 186,471