| (Figures in MNOK) | 2009 | 2008 | 2007 |
| | | | |
| OPERATING ACTIVITIES | | | |
| Earnings before tax less dividends and Group contributions | -392.6 | -24.7 | -58.2 |
| Dividends and Group contributions from subsidiaries | 811.5 | 835.8 | 738.6 |
| Tax paid | -158.7 | -4.4 | 0.3 |
| Depreciation | 3.0 | 2.0 | 1.8 |
| Write-down of shares in subsidiaries | | 54.5 | |
| Gains on sale of non-current assets | 4.8 | -38.2 | |
| Pensions, difference cost/paid | 2.7 | -0.2 | 4.7 |
| Generated from this year’s activities | 270.7 | 824.8 | 687.2 |
| | | | |
| Change in other current assets | 400.8 | 16.0 | -261.5 |
| Change in other accrued accounting items | -37.5 | -36.0 | 11.4 |
| Net cash flow from operating activities (A) | 634.0 | 804.8 | 437.1 |
| | | | |
| INVESTMENT ACTIVITIES | | | |
| Purchase of tangible non-current assets | -3.7 | -5.8 | -5.4 |
| Sales of companies | 6.7 | 56.3 | |
| Fully paid equity in subsidiaries | -22.4 | -85.5 | -92.6 |
| Other investments | 47.2 | -6.3 | -20.9 |
| Net cash flow from investment activities (B) | 27.8 | -41.3 | -118.9 |
| | | | |
| FINANCING ACTIVITIES | | | |
| New long-term borrowing | | 14.7 | 115.1 |
| Repayment long term debt | -314.1 | | |
| Dividends received | 13.7 | | |
| Dividend paid | -334.3 | -543.8 | -364.3 |
| Share-based transactions entered against equity | | | 22.2 |
| Buy-back own shares | | -234.4 | -91.2 |
| Net cash flow from financing activities (C) | -634.7 | -763.5 | -318.2 |
| | | | |
| TOTAL NET CHANGE IN CASH AND | | | |
| CASH EQUIVALENTS (A+B+C) | 27.2 | - | - |
| | | | |
| Cash and cash equivalents at 1 January | - | - | - |
| Cash and cash equivalents at 31 December | 27.2 | - | - |
| | | | |
| Supplementary information: | | | |
| Long-term borrowing facilities DnB NOR | 2 100 | 2 100 | 2100 |
| Used committed borrowing facilities at 31 December | 640.0 | 954.1 | 939.4 |
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