Consolidated cash flow statement 2009

EUR millions 2009 2008
1 Takeover of the assets and liabilities of Element Storage Systems AS, Kløfta, Norway
Result for the period 0.8 33.0
Income tax expenses 0.9 6.3
Financial income –0.7 –0.6
Financial expense 5.3 5.8
Depreciation and impairment losses on property, plant and equipment and intangible assets 10.2 9.1
Changes in pension assets, provisions and pension liabilities –4.2 1.8
Fair–value adjustment for conversion right –2.2
Other non–cash items –0.8 –0.5
Cash flow before change in net current assets 11.5 52.7
Change in net current assets 16.3 –3.6
Taxes on income paid –2.2 –10.0
Net cash flow from operating activities 25.6 39.1
     
Purchase of property, plant and equipment –5.8 –11.0
Sale of property, plant and equipment 1.8 0.5
Purchase of intangible and financial assets –3.7 –3.3
Sale of intangible and financial assets 0.1
Sale of non–current assets 1.9
Acquisition of companies –2.6 –5.5
Interest received 0.7 0.3
Net cash flow from investing activities –7.7 –18.9
     
Free cash flow 17.9 20.2
     
Purchase of treasury shares –2.1
Sale of treasury shares 0.1 1.1
Repurchase of convertible bond –2.1
Increase in financial liabilities 8.4 1.5
Decrease in financial liabilities –7.0 –12.4
Decrease in finance lease liabilities –6.4
Dividend paid (decrease in par value) –9.2
Interest paid –4.9 –3.5
Net cash flow from financing activities –19.0 –17.5
     
Effect of foreign currency translation differences on cash and cash equivalents 0.5 –0.1
Net change in cash and cash equivalents –0.6 2.6
     
Cash and cash equivalents at 1 January 27.4 24.8
Cash and cash equivalents at 31 December 26.8 27.4
Net change in cash and cash equivalents, Group –0.6 2.6