Consolidated statement of cash flows

(unaudited)
(XLSX:) Download

in CHF thousands

 

Note

 

First half 2020

 

First half 2019

Cash flow from / (used in) operating activities

 

 

 

 

 

 

Interest received

 

 

 

114'301

 

126'622

Dividends received from financial investments

 

4

 

2'229

 

1'485

Interest paid

 

 

 

–29'447

 

–33'949

Fees and commission received

 

 

 

171'544

 

163'532

Fees and commission paid

 

 

 

–72'992

 

–63'181

Trading income

 

 

 

34'134

 

35'867

Other income

 

 

 

1'384

 

2'201

Payments for personnel, general and administrative expenses

 

 

 

–138'966

 

–140'748

Income tax paid

 

 

 

–3'841

 

–5'916

Rent paid for short-term and low-value leases

 

 

 

–141

 

–340

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

 

 

 

78'205

 

85'572

Net due from / to banks

 

 

 

430'765

 

–715'521

Loans / due to customers

 

 

 

951'297

 

120'368

Other assets

 

 

 

27'925

 

–7'174

Other liabilities

 

 

 

18'102

 

–7'035

Changes in operating assets and liabilities

 

 

 

1'428'089

 

–609'362

Net cash flow from / (used in) operating activities

 

 

 

1'506'295

 

–523'790

 

 

 

 

 

 

 

Cash flow from / (used in) investing activities

 

 

 

 

 

 

Purchase of property and equipment

 

 

 

–5'853

 

–5'794

Purchase of other intangible assets

 

 

 

–7'426

 

–2'810

Disposal of other intangible assets

 

 

 

0

 

76

Purchase of financial investments

 

 

 

–287'441

 

–404'156

Disposal of financial investments

 

 

 

174'982

 

238'087

Payment of conditional or deferred purchase price in connection with the purchase of fully consolidated companies

 

 

 

0

 

–4'256

Sale of non-current assets held for sale

 

15

 

0

 

1'521

Net cash flow from / (used in) investing activities

 

 

 

–125'738

 

–177'332

 

 

 

 

 

 

 

Cash flow from / (used in) financing activities

 

 

 

 

 

 

Purchase of treasury shares

 

 

 

0

 

–9'046

Dividends paid

 

 

 

–67'124

 

–64'309

Dividends paid to non-controlling interests

 

 

 

–2'357

 

–2'175

Repayment of lease liabilities

 

11

 

–2'198

 

–2'140

Issuance of debt

 

11/12

 

116'614

 

224'552

Repayment of debt

 

11/12

 

–75'822

 

–16'560

Net cash flow from / (used in) financing activities

 

 

 

–30'887

 

130'323

 

 

 

 

 

 

 

Effects of foreign currency translation on cash and cash equivalents

 

 

 

–36'120

 

–28'169

 

 

 

 

 

 

 

Net increase / (decrease) in cash and cash equivalents

 

 

 

1'313'550

 

–598'968

 

 

 

 

 

 

 

Cash and cash equivalents at beginning of the period

 

 

 

6'053'089

 

6'467'055

Cash and cash equivalents at end of the period

 

 

 

7'366'639

 

5'868'087

 

 

 

 

 

 

 

Cash and cash equivalents comprise:

 

 

 

 

 

 

Cash and balances with central banks

 

 

 

6'563'099

 

5'368'029

Due from banks (due daily)

 

 

 

803'540

 

500'059

Total cash and cash equivalents

 

 

 

7'366'639

 

5'868'087