BackStatement of cash flow
| (NOK million) | Note | 2023 | 2022 |
|---|---|---|---|
| Cash flow from operating activities | |||
| Interest, commission and fees received | 14 | 1 639 | 862 |
| Interest, commission and fees paid | 14 | -184 | -91 |
| Received interest, commission and fees related to certificates, bonds and other securities | 14 | 17 | 9 |
| Operating expenses paid | 16 | -58 | -51 |
| Income taxes paid/received | -28 | -132 | |
| Net cash inflow/outflow from loans to other financial institutions* | -283 | -131 | |
| Payment for acquiring loans from the parent bank | -12 386 | -10 102 | |
| Payment related to installment loans and credit lines to customers | 10 491 | 8 603 | |
| Proceeds from the sale and settlement of certificates, bonds and other securities | 2 673 | 4 128 | |
| Purchases of certificates, bonds and other securities | -2 706 | -3 584 | |
| Changes in other assets | -50 | 3 | |
| Net cash flow from operating activities | -875 | -486 | |
| Cash flow from financing activities | |||
| Paid interest, commission and fees related to issued bonds | 14 | -1 235 | -522 |
| Net change in loans from credit institutions* | 655 | 234 | |
| Proceeds from issued covered bonds | 22 | 3 996 | 4 919 |
| Redemption of issued covered bonds | 22 | -2 890 | -3 363 |
| Dividend paid | 24 | -146 | -241 |
| Changes in other debt | -65 | -57 | |
| Increase/reduction of share capital and premium | 24 | 0 | 0 |
| Net cash flow from financing activities | 315 | 970 | |
| Net change in cash and cash equivalents | -560 | 484 | |
| Cash balance at 01.01 | 1 383 | 898 | |
| Cash balance at 31.12 1) | 13 | 823 | 1 382 |
| * The presentation has been amended from showing net to gross figures. The figures per 31.12.2022 have been recalculated. | |||
| 1) NOK 561 million out of total NOK 1,384 million in Loans to and receivables from credit institutions is the margin call balance on financial derivatives paid in by counterparties according to CSA, and thus should not be included as cash balance at 31.12.2023 (NOK 278 million as at 31.12.22). | |||
The cash flow analysis is prepared on basis of the direct method with cash flows attributable to operational, investment and financing activities. Cash flows from operational activities are net receipts and payments from lending activities, purchases or sales of bonds and other securities and other payments generated from operational activities. Cash flows from other securities transactions, issuance and repayments of issued securities and equity are defined as financing activities.
Balance sheet items are currency translated.
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 mainly related to Sparebanken Møre.