Yes, that is the final act of the closing ceremony. After the president of the International Olympic Committee pronounces the Olympics ended the flame is extinguished and, while the Olympic anthem is played, the Olympic flag is lowered and carried horizontally from the stadium.
Flag bearer at the opening ceremony was swimmer Mark Foster and at the closing ceremony was cyclist Chris Hoy.
Yes. After the President of the International Olympic Committee makes a speech to close the Games, the flame is extinguished, the Olympic Anthem plays, and the flag is lowered and carried out of the stadium.
Discus thrower Beatrice Faumuina at the opening ceremony and cyclist Sarah Ulmer at the closing ceremony.
Opening ceremony: Snowboarder Torah Bright Closing ceremony: Freestyle skier Lydia Lassila
Flag bearer at the opening ceremonies was 1500 meter runner Lopez Lomong and flag bearer at the closing ceremony was archer Khatuna Lorig.
With a closing ceremony on the 23rd, where the flag will be handed off to Rio de Janario in preparation for the 2016 Summer Games.
All of them >:D
Lydia Lassila. Lydia won gold in women's aeriels at the 2010 Games.
Sailor Colin Beashel was the flag bearer for the opening ceremony and swimmer Petria Thomas was the flag bearer for the closing ceremony.