CONSOLIDATED STATEMENT OF CASH FLOWS
|
CHF 1,000 |
Note |
2021 |
2020 |
|
Net profit |
|
200,680 |
113,596 |
|
Financial result and income taxes |
|
34,401 |
22,620 |
|
Operating profit (EBIT) |
|
235,081 |
136,216 |
|
Income from revaluations |
12 |
–184,118 |
–79,378 |
|
Depreciation and amortisation |
13 |
3,769 |
2,707 |
|
Income from disposal of properties |
6 |
–1,059 |
–14,023 |
|
Other non-cash items |
|
110 |
–436 |
|
Changes in net working capital |
|
|
|
|
Trade receivables |
|
1,292 |
356 |
|
Other receivables and prepaid expenses |
|
2,646 |
5,267 |
|
Properties held for sale |
|
5,250 |
9,144 |
|
Trade payables |
|
–642 |
–291 |
|
Other liabilities and accrued expenses |
|
747 |
–2,433 |
|
Income taxes paid |
|
–19,006 |
–6,911 |
|
Cash flow from operating activities |
|
44,070 |
50,219 |
|
|
|
|
|
|
Investments in investment properties |
12 |
–65,456 |
–44,599 |
|
Disposal of investment properties |
|
67 |
76,265 |
|
Purchase of tangible fixed assets and intangible assets |
13 |
–4,642 |
–3,165 |
|
Disposal of tangible fixed assets and intangible assets |
|
653 |
71 |
|
Acquisition of subsidiaries, net of cash acquired |
1 |
–35,475 |
–5,034 |
|
Buyout of non-controlling interests |
1 |
–1,213 |
- |
|
Disposal of subsidiaries, net of cash disposed |
1 |
- |
6,360 |
|
Investments in financial assets |
|
–6,512 |
–2,012 |
|
Disposal of financial assets |
|
7,306 |
4,401 |
|
Interest received |
|
322 |
361 |
|
Cash flow from investing activities |
|
–104,951 |
32,647 |
|
|
|
|
|
|
Bond issuance |
16 |
114,700 |
- |
|
Repayment of bond |
16 |
–240,000 |
–100,000 |
|
Increase of other current financial liabilities, net |
|
213,500 |
- |
|
Distribution to shareholders |
|
–31,868 |
–29,912 |
|
Distribution to non-controlling interests |
|
–117 |
–117 |
|
Purchase of treasury shares |
|
–391 |
- |
|
Interest paid |
|
–4,794 |
–4,013 |
|
Cash flow from financing activities |
|
51,032 |
–134,042 |
|
|
|
|
|
|
Net change in cash and cash equivalents |
|
–9,849 |
–51,176 |
|
Cash and cash equivalents at beginning of period |
|
14,654 |
65,830 |
|
Cash and cash equivalents at end of period |
|
4,805 |
14,654 |
The disclosures in the notes form an integral part of the consolidated financial statements.