CONSOLIDATED STATEMENT OF CASH FLOWS
|
CHF 1,000 |
2023 |
2022 |
|
|
Net result |
|
–5,402 |
151,825 |
|
Financial result and income taxes |
|
3,915 |
28,574 |
|
Operating result (EBIT) |
|
–1,487 |
180,399 |
|
Revaluation of investment properties |
47,675 |
–67,166 |
|
|
Depreciation and amortisation |
4,083 |
3,697 |
|
|
Income from disposal of properties |
–209 |
–63,406 |
|
|
Other non-cash items |
|
–247 |
118 |
|
Changes in net working capital |
|
|
|
|
Trade receivables |
|
538 |
–2,099 |
|
Other receivables and prepaid expenses |
|
–1,705 |
–1,667 |
|
Properties held for sale |
7,238 |
697 |
|
|
Trade payables |
|
–46 |
1,649 |
|
Other liabilities and accrued expenses |
|
–1,167 |
5,402 |
|
Income taxes paid excl. taxes on sales of investment properties |
|
–4,161 |
–3,070 |
|
Cash flow from operating activities |
|
50,512 |
54,553 |
|
Investments in investment properties |
–47,993 |
–18,973 |
|
|
Disposal of investment properties |
56 |
375,857 |
|
|
Income taxes paid relating to the disposal of investment properties |
–21,904 |
–18,460 |
|
|
Purchase of tangible fixed assets and intangible assets |
–5,935 |
–12,316 |
|
|
Disposal of tangible fixed assets and intangible assets |
|
296 |
253 |
|
Acquisition of subsidiaries, net of cash acquired |
–14,676 |
–14,290 |
|
|
Increase of loans to related parties |
|
–636 |
–177 |
|
Investments in financial assets |
|
–4,507 |
–2,254 |
|
Disposal of financial assets |
|
1,936 |
1,313 |
|
Interest received |
|
263 |
264 |
|
Cash flow from investing activities |
|
–93,100 |
311,216 |
|
Repayment of bond |
–140,000 |
–180,000 |
|
|
Increase of other current financial liabilities, net |
|
218,000 |
–149,500 |
|
Distribution to shareholders |
|
–31,869 |
–31,902 |
|
Distribution to non-controlling interests |
|
–443 |
–117 |
|
Purchase of treasury shares |
|
- |
–2,972 |
|
Interest paid |
|
–2,926 |
–2,341 |
|
Cash flow from financing activities |
|
42,762 |
–366,831 |
|
|
|
|
|
|
Net change in cash and cash equivalents |
|
174 |
–1,063 |
|
Cash and cash equivalents at beginning of period |
|
3,742 |
4,805 |
|
Cash and cash equivalents at end of period |
|
3,916 |
3,742 |
The disclosures in the notes form an integral part of the consolidated financial statements.