PARENTCOMPANY FINANCIAL STATEMENTS •105
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER
DKKmillion
Notes
2014
2013
Profit before tax
3,576
2,489
Finance income
4.3
-58
-466
Finance costs
4.3
203
325
Dividends from subsidiaries
-2,096
-1,269
Amortisation, depreciation and impairment losses
73
86
Share-basedpayments
2.2
38
34
Change in inventories
-65
-94
Change in intercompany receivables/payables
513
-295
Change in receivables
195
-71
Change in payables andother liabilities
212
57
Other non-cash adjustments
-185
105
Interest etc. received
49
41
Interest etc. paid
-26
-22
Income tax paid
-475
-234
Cashflows from operating activities
1,954
686
Acquisitionof subsidiaries and activities, net of cash acquired
3.1
-119
-116
Purchase of intangible assets
3.2
-83
-31
Purchase of property, plant and equipment
3.3
-13
-7
Change in other non-current assets
-13
-3
Proceeds from sale of property, plant and equipment
4
-
Dividends received
2,096
1,269
Cashflows from investing activities
1,872
1,112
Dividend paid
-820
-713
Purchase of treasury shares
-2,402
-700
Proceeds from loans andborrowings
478
41
Repayment of loans and borrowings
-884
-149
Cashflows fromfinancing activities
-3,628
-1,521
Net increase (decrease) in cash
198
277
Cash at 1 January
329
52
Net increase (decrease) in cash
198
277
Cash at 31December
527
329
Unutilised credit facilities
3,567
2,708
The above cannot be derived directly from the income statement and the balance sheet.
