(NOK million) | 30.06.2021 | 30.06.2020 | 31.12.2020 |
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Cash flow from operating activities | | | |
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Interest, commission and fees received | 301 | 381 | 687 |
Interest, commission and fees paid | -18 | -22 | -34 |
Operating expenses paid | -27 | -25 | -49 |
Income taxes paid | 0 | -11 | -9 |
Payment for acquiring loans from the Parent Bank | -3 898 | -6 742 | -10 933 |
Payment related to installment loans and credit lines to customers | 3 403 | 3 658 | 7 545 |
Net cash flow from operating activities | -239 | -2 761 | -2 793 |
| | | |
Cash flow from investing activities | | | |
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Received interest, commission and fees related to certificates, bonds and other securities | 1 | 3 | 4 |
Proceeds from the sale and settlement of certificates, bonds and other securities | 70 | 600 | 1 043 |
Purchases of certificates, bonds and other securities | -70 | 0 | -483 |
Changes in other assets | -8 | -30 | 4 |
Net cash flow from investing activities | -7 | 573 | 568 |
| | | |
Cash flow from financing activities | | | |
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Paid interest, commission and fees related to issued bonds | -103 | -219 | -313 |
Net change in loans from credit institutions | -1 368 | 452 | 2 464 |
Proceeds from issued covered bonds | 2 774 | 3 496 | 3 821 |
Redemption of issued covered bonds | 0 | -230 | -3 474 |
Dividend paid | -232 | -224 | -224 |
Changes in other debt | -25 | 68 | 28 |
Issued share capital and premium | 0 | 0 | 0 |
Net cash flow from financing activities | 1 046 | 3 343 | 2 302 |
| | | |
Net change in cash and cash equivalents | 800 | 1 155 | 77 |
Cash balance at 01.01 | 904 | 827 | 827 |
Cash balance at 30.06 / 31.12 1) | 1 704 | 1 982 | 904 |
| | | |
1) NOK 282 million out of total NOK 1,986 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 30.06.2021 (NOK 750 million as at 30.06.2020 and NOK 546 million as at 31.12.20). |