Consolidated cash flow statement
|
CHF 1 000 |
|
1.1.–31.12.2021 |
|
1.1.–31.12.2020 |
|
|
|
|
|
|
|
Cash flow from operating activities |
|
|
|
|
|
Group net profit from continuing operations |
|
43 063 |
|
23 022 |
|
Group net profit from discontinued operations |
|
– |
|
– 718 |
|
Total group profit |
|
43 063 |
|
22 304 |
|
|
|
|
|
|
|
Reconciliation to net cash flow from operating activities |
|
|
|
|
|
Non-cash positions in Group results: |
|
|
|
|
|
Depreciation and amortization |
|
3 751 |
|
4 777 |
|
Impairment of goodwill and intangible assets |
|
2 888 |
|
9 578 |
|
Change in provisions |
|
– |
|
– 751 |
|
Income taxes |
|
10 527 |
|
8 870 |
|
Other non-cash items |
|
– 3 316 |
|
1 042 |
|
Net (increase) / decrease in operating assets |
|
|
|
|
|
Receivables and other assets |
|
– 758 |
|
– 38 689 |
|
Financial assets and trading positions |
|
980 |
|
– 14 677 |
|
Net increase / (decrease) in liabilities |
|
|
|
|
|
Payables and other financial liabilities |
|
20 775 |
|
168 017 |
|
Paid income taxes |
|
– 8 724 |
|
– 12 294 |
|
Interest paid |
|
– 4 |
|
– 149 |
|
Interest received |
|
8 |
|
81 |
|
Dividend received |
|
539 |
|
494 |
|
Cash flow from operating activities |
|
69 729 |
|
148 603 |
|
|
|
|
|
|
|
Cash flow from investing activities |
|
|
|
|
|
Purchase of property and equipment |
|
– 118 |
|
– 429 |
|
Acquisition of intangible assets |
|
– |
|
– 142 |
|
Disposal of property and equipment |
|
– |
|
16 |
|
Payments for acquisitions of controlled entities, net of cash |
|
– |
|
– 69 |
|
Reduction in cash and cash equivalents following disposal of subsidiaries |
|
– |
|
– 148 271 |
|
Net cash flow from investing activities |
|
– 118 |
|
– 148 895 |
|
|
|
|
|
|
|
Cash flow from financing activities |
|
|
|
|
|
Cash distributions / dividends paid |
|
– 52 966 |
|
– 53 846 |
|
Leasing payments |
|
– 1 741 |
|
– 2 252 |
|
Purchases of treasury shares |
|
– 13 948 |
|
– 16 980 |
|
Disposal of treasury shares |
|
916 |
|
11 108 |
|
Net cash flow from investing activities |
|
– 67 739 |
|
– 61 970 |
|
Currency translation effects |
|
– 56 |
|
– 639 |
|
Net increase / decrease in cash and cash equivalents |
|
1 816 |
|
– 62 901 |
|
|
|
|
|
|
|
Cash at the beginning of the period |
|
82 547 |
|
145 448 |
|
|
|
|
|
|
|
Cash at the end of the period |
|
84 363 |
|
82 547 |
The cash flow statement does not differentiate between continuing and discontinued operations. The cash flows of discontinued operations is shown separately in note 7.
The accompanying notes are an integral part of the consolidated financial statements.