Black Sea Property AS Cash Flow Statement

Financials in millions NOK. Fiscal year is January - December.

Millions NOK. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-98.72	-15.97	-17.41	0.03	-10.07
Depreciation & Amortization	9.83	8.4	3.54	0.42	-
Gain (Loss) on Sale of Investments	-	-	-	-	-0.28
Asset Writedown	101.56	-	-	-	35.83
Change in Accounts Receivable	-0.01	0.35	-0.76	-0.1	0.1
Change in Accounts Payable	-0.2	-0.21	0.27	-0.03	0.13
Change in Other Net Operating Assets	-0.05	-0.04	-2.55	0.68	-0.15
Other Operating Activities	-18.81	-2.57	1.02	-7.98	-32.9
Operating Cash Flow	-6.39	-10.05	-15.88	-6.99	-7.33
Acquisition of Real Estate Assets	-7.75	-42.43	-47.26	-32.3	-0.14
Net Sale / Acq. of Real Estate Assets	-7.75	-42.43	-47.26	-32.3	-0.14
Investment in Marketable & Equity Securities	-	-14.15	-7.31	-	11.85
Other Investing Activities	-	-	-0	-	0
Investing Cash Flow	-7.75	-56.58	-54.57	-32.3	11.72
Short-Term Debt Issued	14.12	7.73	71.78	17.61	3.8
Long-Term Debt Issued	3.22	39.85	10.16	3.43	-
Total Debt Issued	17.34	47.58	81.95	21.04	3.8
Short-Term Debt Repaid	-	-0.27	-28.71	-	-
Long-Term Debt Repaid	-5.89	-0.22	-1.98	-	-50.06
Total Debt Repaid	-5.89	-0.49	-30.7	-	-50.06
Net Debt Issued (Repaid)	11.45	47.09	51.25	21.04	-46.26
Issuance of Common Stock	9.85	18.89	20.44	-	49.37
Other Financing Activities	-	0	0	9.66	0.15
Net Cash Flow	7.16	-0.64	1.24	-8.59	7.64
Levered Free Cash Flow	-2.4	10.89	-39.65	32.43	-13.32
Unlevered Free Cash Flow	-2.4	18.66	-29.05	34.27	-11.19
Change in Working Capital	-0.25	0.1	-3.04	0.55	0.09