Consolidated statement of cash flows
Information checkedInformation unaudited Information geprüft Information ungeprüft Consolidated statement
of cash flows
|
in CHF thousands |
Note |
2022 |
2021 |
|
Cash flow from / (used in) operating activities |
|
|
|
|
Interest received |
|
235'920 |
193'798 |
|
Dividends received from financial investments |
4 |
6'259 |
3'512 |
|
Interest paid |
|
– 78'515 |
– 43'046 |
|
Fees and commission received |
|
310'040 |
388'403 |
|
Fees and commission paid |
|
– 116'182 |
– 158'900 |
|
Trading income |
|
129'634 |
67'693 |
|
Other income |
|
7'156 |
3'052 |
|
Payments for personnel, general and administrative expenses |
|
– 282'000 |
– 272'914 |
|
Income tax paid |
9 |
– 26'530 |
– 11'863 |
|
Rent paid for short-term and low-value leases |
|
– 301 |
– 382 |
|
Cash flow from operating activities, before changes in operating assets and liabilities |
|
185'482 |
169'353 |
|
Net due from / to banks |
|
– 261'979 |
782'195 |
|
Loans / due to customers |
|
73'707 |
– 181'730 |
|
Other assets |
|
– 21'558 |
– 5'788 |
|
Other liabilities |
|
– 8'846 |
– 59 |
|
Changes in operating assets and liabilities |
|
– 218'675 |
594'619 |
|
Net cash flow from / (used in) operating activities |
|
– 33'193 |
763'972 |
|
|
|
|
|
|
Cash flow from / (used in) investing activities |
|
|
|
|
Purchase of property and equipment |
16 |
– 11'761 |
– 9'163 |
|
Disposal of property and equipment |
|
1'070 |
0 |
|
Purchase of other intangible assets 1 |
17 |
– 24'652 |
– 14'341 |
|
Purchase of financial investments |
|
– 840'069 |
– 832'186 |
|
Disposal of financial investments |
|
414'543 |
565'059 |
|
Purchase of non-current assets held for sale |
|
– 1'020 |
0 |
|
Sale of non-current assets held for sale |
|
850 |
0 |
|
Net cash flow from / (used in) investing activities |
|
– 461'038 |
– 290'631 |
1 The payment for the client relationships already acquired in the 2021 business year within the scope of the referral agreement between LLB Österreich and Credit Suisse was largely made in the 2022 business year.
|
in CHF thousands |
Note |
2022 |
2021 |
|
Cash flow from / (used in) financing activities |
|
|
|
|
Purchase of treasury shares 1 |
29 |
– 20'450 |
0 |
|
Dividends paid |
30 |
– 70'426 |
– 67'237 |
|
Dividends paid to non-controlling interests |
32 |
– 369 |
– 2'345 |
|
Increase in non-controlling interests |
32 |
0 |
36 |
|
Reduction in non-controlling interests 1 |
29/30/32 |
– 101'188 |
0 |
|
Repayment of lease liabilities |
23 |
– 5'287 |
– 5'175 |
|
Issuance of debt |
23 |
416'134 |
323'498 |
|
Repayment of debt |
23 |
– 172'628 |
– 166'966 |
|
Net cash flow from / (used in) financing activities |
|
45'787 |
81'810 |
|
|
|
|
|
|
Effects of foreign currency translation on cash and cash equivalents |
|
– 78'823 |
– 74'338 |
|
|
|
|
|
|
Net increase / (decrease) in cash and cash equivalents |
|
– 527'268 |
480'813 |
|
|
|
|
|
|
Cash and cash equivalents at beginning of the period |
|
7'606'684 |
7'125'871 |
|
Cash and cash equivalents at end of the period |
|
7'079'416 |
7'606'684 |
|
|
|
|
|
|
Cash and cash equivalents comprise: |
|
|
|
|
Cash and balances with central banks |
11 |
6'264'269 |
7'213'159 |
|
Due from banks (due daily) |
12 |
295'210 |
393'524 |
|
Claims from money market instruments with an original maturity of no more than three months |
15 |
519'935 |
0 |
|
Total cash and cash equivalents |
|
7'079'416 |
7'606'684 |
1 The purchase of non-controlling interests of Bank Linth was largely carried out by means of a public purchase offer to Bank Linth shareholders. A proportion of the purchase price was serviced with treasury shares. For further information see the accounting principles in chapter 2.1.1.