Consolidated statement of cash flows

(XLS:) Download

in CHF thousands

2015

2014

Cash flow from / (used in) operating activities

 

 

Interest received (excluding financial investments)

195'676

210'599

Interest received from financial investments at fair value

17'304

13'317

Dividends received from financial investments at fair value

1'216

667

Interest paid

–50'848

–62'543

Fees and commission received

157'842

221'396

Fees and commission paid

–14'478

–28'927

Trading income

43'232

32'348

Other income

3'145

4'109

Payments for personnel, general and administrative expenses

–200'124

–235'145

Other expenses

–340

–37'424

Income tax paid

–8'717

–7'692

Cash flow from operating activities, before changes in operating assets and liabilities

143'909

110'706

Net due from / to banks

1'315'982

–620'413

Net due from insurance contracts

0

–155'182

Trading portfolio and net replacement values

–485

4'865

Loans / due to customers

–430'000

–453'288

Other assets

21'148

–6'147

Liabilities from insurance contracts

0

–190'501

Financial liabilities at fair value

0

381'619

Other liabilities

–5'532

5'426

Changes in operating assets and liabilities

901'113

–1'033'621

Net cash flow from / (used in) operating activities

1'045'022

–922'916

 

 

 

Cash flow from / (used in) investing activities

 

 

Purchase of property and equipment

–10'656

–13'694

Disposal of property and equipment

2'001

11'471

Purchase of investment property

–1'240

–2'993

Disposal of investment property

6'383

6'383

Purchase of other intangible assets

–3'074

–3'708

Purchase of financial investments at fair value

–519'064

–571'909

Disposal of financial investments at fair value

390'616

297'649

Purchase of associates

0

19

Sale of fully consolidated companies, net of cash

6'956

0

Net cash flow from / (used in) investing activities

–128'079

–276'781

 

 

 

Cash flow from / (used in) financing activities

 

 

Purchase of treasury shares

0

–2'851

Disposal of treasury shares

0

1'570

Dividends paid

–43'233

–43'315

Non-controlling interests

–485

176

Increase in shares of Group companies

0

–4'188

Decrease in shares of Group companies

227

0

Issuance of medium-term debt

289'716

204'570

Repayment of medium-term debt

–229'434

–179'207

Net cash flow from / (used in) financing activities

16'791

–23'245

 

 

 

Effects of foreign currency translation

–31'080

30'373

 

 

 

Net increase / (decrease) in cash and cash equivalents

902'655

–1'192'569

 

 

 

Cash and cash equivalents at beginning of the period

2'140'624

3'333'192

Cash and cash equivalents at end of the period

3'043'279

2'140'624

 

 

 

Cash and cash equivalents comprise:

 

 

Cash and balances with central banks

2'559'972

1'362'755

Due from banks (due daily)

483'307

777'868

Total cash and cash equivalents

3'043'279

2'140'624