Consolidated statement of cash flows
|
In CHF 1,000 |
Note |
1st half 2020 |
1st half 2019 restated |
|
Cash flow from operating activities |
|
|
|
|
Net profit |
|
51,202 |
111,903 |
|
Financial result and income taxes |
|
10,657 |
–54,888 |
|
Operating profit (EBIT) |
|
61,858 |
57,015 |
|
Income from revaluations |
9 |
–35,896 |
–27,605 |
|
Depreciation and amortisation |
|
1,298 |
1,207 |
|
Income from disposal of properties |
4 |
–3,633 |
–6,730 |
|
Income from disposal of subsidiaries |
1 |
- |
–1,008 |
|
Other non-cash items |
|
–348 |
–111 |
|
Changes in net working capital |
|
|
|
|
Trade receivables |
|
–357 |
113 |
|
Other receivables and prepaid expenses |
|
426 |
–15,018 |
|
Properties held for sale |
|
3,474 |
–405 |
|
Trade payables |
|
–607 |
–6,603 |
|
Other liabilities and accrued expenses |
|
2,750 |
3,847 |
|
Income taxes paid |
|
–3,831 |
–4,671 |
|
Net cash from operating activities (cash flow) |
|
25,137 |
31 |
|
|
|
|
|
|
Cash flow from investing activities |
|
|
|
|
Investments in investment properties |
|
–20,416 |
–29,662 |
|
Disposal of investment properties |
|
18,995 |
18,029 |
|
Purchase of tangible fixed assets and intangible assets |
|
–1,295 |
–2,335 |
|
Disposal of tangible fixed assets and intangible assets |
|
40 |
25 |
|
Acquisition of subsidiaries, net of cash acquired |
1 |
–5,031 |
–405 |
|
Disposal of subsidiaries, net of cash disposed |
1 |
- |
9,091 |
|
Increase of financial assets |
|
–1,801 |
3,735 |
|
Interest received |
|
150 |
21 |
|
Net cash used in investing activities |
|
–9,359 |
–1,502 |
|
|
|
|
|
|
Cash flow from financing activities |
|
|
|
|
Repayment of financial liabilities, net |
|
–40,000 |
–123,400 |
|
Bond issuance |
|
- |
139,590 |
|
Distribution to shareholders |
|
–29,912 |
–29,894 |
|
Distribution to non-controlling interests |
|
- |
–117 |
|
Interest paid |
|
–1,739 |
–988 |
|
Net cash used in financing activities |
|
–71,651 |
–14,809 |
|
|
|
|
|
|
Net change in cash and cash equivalents |
|
–55,874 |
–16,280 |
|
|
|
|
|
|
Cash and cash equivalents at beginning of period |
|
65,830 |
33,245 |
|
Cash and cash equivalents at end of period |
|
9,956 |
16,965 |
The disclosures in the notes form an integral part of the consolidated financial statements.