Ársskýrsla Landsbankans - Landsbankinn

Consolidated Statement of Cash Flows for the Year ended 31 December 2010
Notes 2010 2009
Operating activities
Profit for the year 27,231 14,332
Adjustments for non-cash items included in profit for the year (39,329) (25,654)
Changes in operating assets and liabilities (11,300) (29,770)
Interest received 98,601 94,024
Interest paid (43,397) (56,303)
Dividends received 583 785
Income tax paid (470) (461)
Net cash from (used in) operating activities 31,919 (3,047)
Investing activities
Acquisition of additional shares in associates - (44)
13 Purchase of property and equipment (91) (299)
13 Proceeds from sale of property and equipment 79 129
14 Acquisition of intangible assets (104) (112)
Net cash used in investing activities (116) (326)
Financing activities
Proceeds from issue of share capital in subsidiaries - 88
Net cash from financing activities 0 88
Net change in cash and cash equivalents 31,803 (3,285)
Cash and cash equivalents at the beginning of the year 21,166 22,897
Effect of exchange rate changes on cash and cash equivalents held (314) 1,554
Cash and cash equivalents at 31 December 52,654 21,166
Investing and financing activities not affecting cash flows
Settlement of capital contribution through receipt of Icelandic government bonds - 121,225
Settlement of capital contribution through offset against provisional liability due to Landsbanki Íslands hf. - 28,000
Settlement of interest on capital contribution through offset against provisional liability due to Landsbanki Íslan - 4,270
Settlement of provisional liability due to Landsbanki Íslands hf. through borrowings - 312,168
The accompanying notes are an integral part of these consolidated financial statements.
NBI hf. Consolidated Financial Statements 2010 7
All amounts are in ISK million
Allar upphæðir eru í milljónum króna Ársreikningur 2010 107