Consolidated cash flow statement 1st Half-year 2009
| EUR millions | Jan. to June 2009 |
Jan. to June 2008 |
|---|---|---|
| 1 Takeover of the assets and liabilities of Element Storage Systems AS, Kløfta, Norway | ||
| Result for the period | 1.2 | 13.8 |
| Income tax expenses | 1.5 | 4.8 |
| Financial income | –2.1 | –0.2 |
| Financial expense | 4.4 | 2.7 |
| Plant and equipment and intangible assets | 5.0 | 4.4 |
| Changes in pension surpluses, provisions and pension liabilities | –2.1 | –0.2 |
| Fair-value adjustment for conversion right | – | –0.4 |
| Other non-cash items | 0.7 | –0.8 |
| Cash flow before change in net current assets | 8.6 | 24.1 |
| Change in net current assets | 3.3 | –9.1 |
| Cash flow from operating activities | 11.9 | 15.0 |
| Taxes on income paid | –2.3 | –3.6 |
| Net cash flow from operating activities | 9.6 | 11.4 |
| Purchase of propertty, plant and equipment | –1.7 | –2.8 |
| Sale of property, plant and equipment | 0.2 | 0.3 |
| Purchase of intangible and financial assets | –1.1 | –0.6 |
| Acquisition of companies1 | –2.6 | – |
| Interest received | 0.1 | 0.1 |
| Net cash flow from investing activities | –5.1 | –3.0 |
| Free Cash Flow | 4.5 | 8.4 |
| Purchase of treasury shares | – | –1.4 |
| Repurchase of convertible bond | – | –1.8 |
| Increase in long-term financial liabilities | 6.2 | – |
| Decrease in long-term financial liabilities | –8.4 | –1.7 |
| Increase in current financial liabilities | – | 1.2 |
| Decrease in current financial liabilities | –1.7 | –6.5 |
| Interest paid | –2.1 | –2.4 |
| Net cash flow from financing activities | –6.0 | –12.6 |
| Effect of foreign currency translation differences on cash and cash equivalents | –0.3 | 0.4 |
| Net change in cash and cash equivalents | –1.8 | –3.8 |
| Cash and cash equivalents at 1 January | 27.4 | 24.8 |
| Cash and cash equivalents at 30 June | 25.6 | 21.0 |
| Net change in cash and cash equivalents, Group | –1.8 | –3.8 |