Landsvirkjun has put great emphasis on decreasing debt during the past few years. Net debt is interest bearing debt less cash and cash equivalent. Net debt decreased by USD 158 million during the year. An extensive construction phase is coming to an end with USD 151 million invested in 2018. The most prominent projects are the power stations Þeistareykir and Burfell II which are now both fully operational. Cash flow from operations was USD 296 million during the year and therefore covered in full the investments for the period.
You can download the Financial Statements for 2018 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.