Gateway Scandinavia Annual Cash Flow Statement Beginning Cash Balance Operating Activities Net Income Change in NR Change in NP Total Operating Activities Investing Activities New Capital Purchases (CapEx) Depreciation Additional Inventory Purchaser Total Investing Activities Financing Activities Increase in Equity/Grant Financing Change in Debt Dividends Dispersed Interest Payments Total Financing Activities Cash Flow FY2015 FY2017 FY20113 FY2019 FY2020 FY2021 - kr 600 000 kr 1 001 727 kr 2 803 941 kr 4 777 038 kr 6 444 643 kr - kr - kr • kr • kr - kr - kr - kr - kr 1 280 477 kr • 383 750 kr - kr 896 727 kr 195 000 kr • kr • kr 195 000 kr 2 592 047 kr • 195 833 kr • kr 2 396 214 kr • kr 6 000 kr • kr 6 000 kr 3 328 138 kr 4 346 813 kr • 161 042 kr • 235 208 kr - • kr - kr 3 167 096 kr 4 111 605 kr • kr 6 000 kr • kr 6 000 kr 44 000 kr 50 000 kr 6 000 kr - kr 4 937 619 kr 135 625 kr • kr 4 801 994 kr • kr 6 000 kr • kr 6 000 kr 600 000 kr - kr • kr 300 000 kr - kr • kr • kr 600 000 kr - • kr • kr • kr I 200 000 kr - - kr • kr - kr - kr • kr 2 400 000 kr 3000 000 kr - kr • kr 600 000 kr - 300 000 kr - 600 000 kr - 1 200 000 kr - 2 400 000 kr - 3 000 000 kr 600 000 kr 401 727 kr 1 802 214 kr 1 973 096 kr 1 667 605 kr 1 807 994 kr Ending Cash Balance 600 000 kr 1 001 727 kr 2 803 941 kr 4 777 038 kr 6 444 643 kr 8 252 637 kr NPV Calculation Discount Rate: 25,00% NPV: 3 760 519 kr EFTA00604948