CONSOLIDATED STATEMENT OF CASH FLOWS
|
CHF 1,000 |
Note |
2022 |
2021 |
|
Net profit |
|
151,825 |
200,680 |
|
Financial result and income taxes |
|
28,574 |
34,401 |
|
Operating profit (EBIT) |
|
180,399 |
235,081 |
|
Income from revaluations |
12 |
–67,166 |
–184,118 |
|
Depreciation and amortisation |
13 |
3,697 |
3,769 |
|
Income from disposal of properties |
6 |
–63,406 |
–1,059 |
|
Other non-cash items |
|
118 |
110 |
|
Changes in net working capital |
|
|
|
|
Trade receivables |
|
–2,099 |
1,292 |
|
Other receivables and prepaid expenses |
|
–1,667 |
2,646 |
|
Properties held for sale |
6 |
697 |
5,250 |
|
Trade payables |
|
1,649 |
–642 |
|
Other liabilities and accrued expenses |
|
5,402 |
747 |
|
Income taxes paid excl. taxes on sales of investment properties |
|
–3,070 |
–19,006 |
|
Cash flow from operating activities |
|
54,553 |
44,070 |
|
|
|
|
|
|
Investments in investment properties |
12 |
–18,973 |
–65,456 |
|
Disposal of investment properties |
6 |
375,857 |
67 |
|
Taxes paid relating to the disposal of investment properties |
6 |
–18,460 |
- |
|
Purchase of tangible fixed assets and intangible assets |
13 |
–12,316 |
–4,642 |
|
Disposal of tangible fixed assets and intangible assets |
|
253 |
653 |
|
Acquisition of subsidiaries, net of cash acquired |
1 |
–14,290 |
–35,475 |
|
Buyout of non-controlling interests |
1 |
- |
–1,213 |
|
Increase of loans to related parties |
|
–177 |
- |
|
Investments in financial assets |
|
–2,254 |
–6,512 |
|
Disposal of financial assets |
|
1,313 |
7,306 |
|
Interest received |
|
264 |
322 |
|
Cash flow from investing activities |
|
311,216 |
–104,951 |
|
|
|
|
|
|
Bond issuance |
16 |
- |
114,700 |
|
Repayment of bond |
16 |
–180,000 |
–240,000 |
|
Repayment of other current financial liabilities, net |
|
–149,500 |
213,500 |
|
Distribution to shareholders |
|
–31,902 |
–31,868 |
|
Distribution to non-controlling interests |
|
–117 |
–117 |
|
Purchase of treasury shares |
|
–2,972 |
–391 |
|
Interest paid |
|
–2,341 |
–4,794 |
|
Cash flow from financing activities |
|
–366,831 |
51,032 |
|
|
|
|
|
|
Net change in cash and cash equivalents |
|
–1,063 |
–9,849 |
|
Cash and cash equivalents at beginning of period |
|
4,805 |
14,654 |
|
Cash and cash equivalents at end of period |
|
3,742 |
4,805 |
The disclosures in the notes form an integral part of the consolidated financial statements.