Statement of Cash Flows
The core operations were strong during the year, despite a challenging operating environment, and there was a significant decrease in investments between years. A shrinking capital requirement was met without increasing borrowing.
An extensive construction phase is now coming to an end with investments amounting to USD 82 million during the year which is USD 68 million lower than during 2018. The company’s cash generation (cash flow from operating activities) was USD 296 million during the year.
Investing activities amounted to USD 82 million, but only USD 21 million was due to the maintenance of the Company´s power generation facilities and transmission infrastructure. Free cash flow was USD 275 million. The Company can use free cash flow to finance new investments, pay down debt or pay dividend to its owner.
You can download the Financial Statements for 2019 in electronic form here. The documents contain the financial statements as a whole in Acrobat (pdf) document and the key figures in an Excel (xls) document.