Consolidated statement of cash flows

(XLS:) Download

in CHF thousands

 

Note

 

2018

 

2017

Cash flow from / (used in) operating activities

 

 

 

 

 

 

Interest received

 

 

 

227'852

 

216'640

Dividends received from financial investments at fair value

 

4

 

876

 

981

Interest paid

 

 

 

–70'112

 

–61'442

Fees and commission received

 

 

 

247'882

 

179'305

Fees and commission paid

 

 

 

–67'462

 

–25'508

Trading income

 

 

 

60'739

 

59'606

Other income

 

 

 

3'980

 

3'675

Payments for personnel, general and administrative expenses

 

 

 

–255'390

 

–246'982

Income tax paid

 

 

 

–16'268

 

–9'758

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

 

 

 

132'097

 

116'518

Net due from / to banks

 

 

 

964'053

 

1'678'110

Trading portfolio assets including net replacement values

 

 

 

8'384

 

4'728

Loans / due to customers

 

 

 

1'046'545

 

–726'070

Other assets

 

 

 

33'112

 

–16'546

Other liabilities

 

 

 

91'258

 

–6'206

Changes in operating assets and liabilities

 

 

 

2'143'351

 

934'015

Net cash flow from / (used in) operating activities

 

 

 

2'275'448

 

1'050'533

 

 

 

 

 

 

 

Cash flow from / (used in) investing activities

 

 

 

 

 

 

Purchase of property and equipment

 

17

 

–20'198

 

–26'368

Disposal of property and equipment

 

17

 

–11'556

 

6'126

Purchase of other intangible assets

 

18

 

–12'874

 

–8'715

Disposal of other intangible assets

 

18

 

29

 

19

Purchase of financial investments at fair value

 

 

 

–889'203

 

–602'276

Disposal of financial investments at fair value

 

 

 

523'235

 

527'961

Acquisition of fully consolidated companies minus cash and cash equivalents

 

 

 

–220'194

 

0

Sale of non-current assets held for sale

 

 

 

4'771

 

0

Net cash flow from / (used in) investing activities

 

 

 

–625'990

 

–103'253

 

 

 

 

 

 

 

Cash flow from / (used in) financing activities

 

 

 

 

 

 

Purchase of treasury shares

 

29

 

–7'485

 

0

Disposal of treasury shares

 

29

 

51'251

 

3'159

Dividends paid

 

30

 

–57'883

 

–49'091

Dividends paid to non-controlling interests

 

32

 

–1'826

 

–1'623

Increase in non-controlling interests

 

30 / 31 / 32

 

1'099

 

0

Issuance of debt

 

 

 

246'401

 

167'745

Repayment of debt

 

 

 

–178'971

 

–226'944

Net cash flow from / (used in) financing activities

 

 

 

52'586

 

–106'754

 

 

 

 

 

 

 

Effects of foreign currency translation

 

 

 

–54'522

 

21'880

 

 

 

 

 

 

 

Net increase / (decrease) in cash and cash equivalents

 

 

 

1'647'522

 

862'406

 

 

 

 

 

 

 

Cash and cash equivalents at beginning of the period

 

 

 

4'819'533

 

3'957'127

Cash and cash equivalents at end of the period

 

 

 

6'467'055

 

4'819'533

 

 

 

 

 

 

 

Cash and cash equivalents comprise:

 

 

 

 

 

 

Cash and balances with central banks

 

11

 

5'708'324

 

4'129'723

Due from banks (due daily)

 

12

 

758'731

 

689'809

Total cash and cash equivalents

 

 

 

6'467'055

 

4'819'533