Amounts in NOK million | Notes | 2017 | 2016 |
---|
Cash flow from operating activities | | | |
Interest, commission and fees received | | 527 | 496 |
Interest, commission and fees paid | | -14 | -19 |
Operating expenses paid | | -38 | -33 |
Income taxes paid | | -51 | -63 |
Payment for acquiring loans from the Parent Bank | | -5 108 | -7 838 |
Payment related to instalment loans and credit lines to customers | | 3 759 | 4 934 |
Net cash flow from operating activities | 4 12 | -925 | -2 523 |
| | | |
Cash flow from investing activities | | | |
Received interest, commission and fees related to certificates, bonds and other securities | | 3 | 6 |
Proceeds from the sale and settlement of certificates, bonds and other securities | | 1 170 | 114 |
Purchases of certificates, bonds and other securities | | -707 | -231 |
Changes in other assets | | -14 | -3 |
Net cash flow from investing activities | 4 8 10 | 452 | -114 |
| | | |
Cash flow from financing activities | | | |
Paid interest, commission and fees related to issued bonds | | -252 | -242 |
Net change in loans from credit institutions | | 61 | 171 |
Proceeds from covered bond issuance | | 3 350 | 3 494 |
Redemption of issued covered bonds | | -2 883 | -828 |
Dividend paid | | -156 | -176 |
Changes in other debt | | 17 | 4 |
Issue of share capital | | 150 | 200 |
Net cash flow from financing activities | 10 15 | 287 | 2 623 |
| | | |
Net change in cash and cash equivalents | | -186 | -14 |
Cash balance at 01.01 | | 271 | 285 |
Cash balance at 31.12 | 6 | 85 | 271 |
| | | |
The cash flow statement shows cash payments received and made, and cash equivalents throughout the year. The statement has been prepared according to the direct method. The cash flows are classified as operating activites, investing activites or financing activites. Financial position line items have been adjusted for the impact of foreign exchange rate changes. Cash and cash equivalents are defined as loans to and receivables from credit institutions with no agreed period of notice. Loans and receivables from credit institutions are entirely to Sparebanken Møre. |