CONSOLIDATED STATEMENT OF CASH FLOWS
|
In CHF 1,000 |
Note |
1st half 2021 |
1st half 2020 |
|
Cash flow from operating activities |
|
|
|
|
Net profit |
|
132,427 |
51,202 |
|
Financial result and income taxes |
|
22,216 |
10,657 |
|
Operating profit (EBIT) |
|
154,643 |
61,858 |
|
Income from revaluations |
8 |
–131,156 |
–35,896 |
|
Depreciation and amortisation |
|
1,810 |
1,298 |
|
Income from disposal of properties |
4 |
–239 |
–3,633 |
|
Other non-cash items |
|
–90 |
–348 |
|
Changes in net working capital |
|
|
|
|
Trade receivables |
|
–2,041 |
–357 |
|
Other receivables and prepaid expenses |
|
–6,178 |
426 |
|
Properties held for sale |
|
1,994 |
3,474 |
|
Trade payables |
|
–43 |
–607 |
|
Other liabilities and accrued expenses |
|
2,120 |
2,750 |
|
Income taxes paid |
|
–10,071 |
–3,831 |
|
Net cash from operating activities (cash flow) |
|
10,749 |
25,137 |
|
|
|
|
|
|
Cash flow from investing activities |
|
|
|
|
Investments in investment properties |
|
–39,845 |
–20,416 |
|
Disposal of investment properties |
|
–201 |
18,995 |
|
Purchase of tangible fixed assets and intangible assets |
|
–2,654 |
–1,295 |
|
Disposal of tangible fixed assets and intangible assets |
|
303 |
40 |
|
Acquisition of subsidiaries, net of cash acquired |
1 |
–35,249 |
–5,031 |
|
Investments in financial assets |
|
–3,881 |
–1,948 |
|
Disposal of financial assets |
|
4,821 |
146 |
|
Interest received |
|
9 |
150 |
|
Net cash used in investing activities |
|
–76,696 |
–9,359 |
|
|
|
|
|
|
Cash flow from financing activities |
|
|
|
|
Bond issuance |
|
114,700 |
- |
|
Repayment of bond |
|
–140,000 |
–100,000 |
|
Increase of other current financial liabilities, net |
|
115,000 |
60,000 |
|
Distribution to shareholders |
|
–31,868 |
–29,912 |
|
Buyout of non-controlling interests |
1 |
–1,213 |
- |
|
Interest paid |
|
–1,643 |
–1,739 |
|
Net cash from financing activities |
|
54,976 |
–71,651 |
|
|
|
|
|
|
Net change in cash and cash equivalents |
|
–10,972 |
–55,874 |
|
Cash and cash equivalents at beginning of period |
|
14,654 |
65,830 |
|
Cash and cash equivalents at end of period |
|
3,683 |
9,956 |
The disclosures in the notes form an integral part of the consolidated financial statements.