unaudited
In thousands of kroons 1st Q 2001 1st Q 2000
OPERATING ACTIVITIES
Profit before income tax 8 567 5 942
Adjustments for:
Accumulated depreciation for the period 5 136 2 888
Gain on sale of shares (185)
Gains and losses on sale of non-current assets (137) 21
Interest expense 781 669
Operating profit before changes in working capita 14 347 9 335
Change in current assets 12 753 (7 405)
Change in current liabilities (14 538) (925)
Cash generated from operations 12 562 1 005
Interest paid (2 377) (631)
NET CASH FROM OPERATING ACTIVITIES 10 185 374
INVESTING ACTIVITIES
Acquisition of non-current assets (12 647) (6 609)
Sale of non-current assets 186 115
Acquisition of shares and other securities (819)
Sale of shares and other securities 519
NET CASH USED IN INVESTING ACTIVITIES (12 461) (6 795)
FINANCING ACTIVITIES
Proceeds from borrowing 5 000
Repayment of loans (5 762) (578)
Settlement of finance lease liabilities (180) (158)
Change in the overdraft balance (606) 8 646
NET CASH FROM/USED IN FINANCING ACTIVITIES (1 548) 7 910
NET CHANGE IN CASH (3 824) 1 489
CASH AT BEGINNING OF PERIOD 4 908 2 946
CASH AT END OF PERIOD 1 084 4 435
Andrus Aljas
CFO
+372 44 78355