CONSOLIDATED STATEMENT OF CASH FLOWS
|
CHF 1,000 |
1st half 2024 |
1st half 2023 |
|
|
Net profit |
|
142,981 |
–24,429 |
|
Financial result and income taxes |
|
7,869 |
–1,499 |
|
Operating profit (EBIT) |
|
150,850 |
–25,928 |
|
Revaluation of investment properties |
–4,471 |
48,763 |
|
|
Depreciation and amortisation |
|
2,229 |
1,849 |
|
Income from disposal of properties |
–59 |
–36 |
|
|
Income from disposal of subsidiaries |
–122,188 |
- |
|
|
Other non-cash items |
|
8 |
–247 |
|
Changes in net working capital |
|
|
|
|
Trade receivables |
|
–1,455 |
2,394 |
|
Other receivables and prepaid expenses |
|
–4,783 |
–10,333 |
|
Properties held for sale |
2,093 |
4,003 |
|
|
Trade payables |
|
–1,593 |
–376 |
|
Other liabilities and accrued expenses |
|
14,678 |
8,301 |
|
Income taxes paid excl. taxes on disposal of investment properties |
|
–5,930 |
–5,422 |
|
Cash flow from operating activities |
|
29,379 |
22,971 |
|
Investments in investment properties |
|
–82,420 |
–4,819 |
|
Income taxes paid relating to the disposal of investment properties |
- |
–21,904 |
|
|
Purchase of tangible fixed assets and intangible assets |
|
–2,218 |
–3,052 |
|
Disposal of tangible fixed assets and intangible assets |
|
104 |
159 |
|
Acquisition of subsidiaries, net of cash acquired |
–1,294 |
- |
|
|
Disposal of subsidiaries, net of cash disposed |
234,935 |
- |
|
|
Increase of loans to related parties |
|
- |
–636 |
|
Investments in financial assets |
–48,939 |
–4,516 |
|
|
Disposal of financial assets |
|
2,013 |
31 |
|
Interest received |
|
107 |
176 |
|
Cash flow from investing activities |
|
102,288 |
–34,561 |
|
Repayment of current financial liabilities, net |
|
–97,000 |
45,000 |
|
Distribution to shareholders |
|
–31,920 |
–31,869 |
|
Distribution to non-controlling interests |
|
–285 |
–443 |
|
Interest paid |
|
–3,494 |
–1,056 |
|
Cash flow from financing activities |
|
–132,699 |
11,631 |
|
|
|
|
|
|
Net change in cash and cash equivalents |
|
–1,032 |
42 |
|
Cash and cash equivalents at beginning of period |
|
3,916 |
3,742 |
|
Cash and cash equivalents at end of period |
|
2,885 |
3,784 |
The disclosures in the notes form an integral part of the consolidated financial statements.