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Consolidated statement of cash flows (unaudited)

Information checkedInformation unaudited Information geprüft Information ungeprüft Consolidated statement
of cash flows

in CHF thousands

Note

First half 2022

First half 2021

Cash flow from / (used in) operating activities

 

 

 

Interest received

 

96'033

95'434

Dividends received from financial investments

4

5'736

3'410

Interest paid

 

– 14'633

– 21'400

Fees and commission received

 

172'400

178'394

Fees and commission paid

 

– 64'326

– 75'653

Trading income

 

45'388

22'526

Other income

 

7'781

2'516

Payments for personnel, general and administrative expenses

 

– 143'932

– 141'047

Income tax paid

 

– 7'572

– 3'258

Rent paid for short-term and low-value leases

 

– 190

– 263

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

 

96'685

60'658

Net due from / to banks

 

– 158'456

354'762

Loans / due to customers

 

378'941

149'195

Other assets

 

– 38'944

1'533

Other liabilities

 

30'042

– 954

Changes in operating assets and liabilities

 

211'582

504'536

Net cash flow from / (used in) operating activities

 

308'267

565'194

 

 

 

 

Cash flow from / (used in) investing activities

 

 

 

Purchase of property and equipment

 

– 3'788

– 2'397

Disposal of property and equipment

 

1'070

0

Purchase of other intangible assets

 

– 14'075

– 3'031

Purchase of financial investments

 

– 592'738

– 534'125

Disposal of financial investments

 

151'910

260'859

Sale of non-current assets held for sale

 

825

232

Net cash flow from / (used in) investing activities

 

– 456'795

– 278'460

in CHF thousands

Note

First half 2022

First half 2021

Cash flow from / (used in) financing activities

 

 

 

Purchase of treasury shares 1

 

– 20'450

0

Dividends paid

 

– 70'426

– 67'237

Dividends paid to non-controlling interests

 

– 369

– 2'345

Increase in non-controlling interests

 

0

27

Reduction in non-controlling interests 1

 

– 100'564

0

Repayment of lease liabilities

 

– 2'644

– 2'619

Issuance of debt

 

190'828

126'084

Repayment of debt

 

– 97'973

– 95'690

Net cash flow from / (used in) financing activities

 

– 101'598

– 41'781

 

 

 

 

Effects of foreign currency translation on cash and cash equivalents

 

– 60'131

27'820

 

 

 

 

Net increase / (decrease) in cash and cash equivalents

 

– 310'257

272'773

 

 

 

 

Cash and cash equivalents at beginning of the period

 

7'606'684

7'125'871

Cash and cash equivalents at end of the period

 

7'296'426

7'398'644

 

 

 

 

Cash and cash equivalents comprise:

 

 

 

Cash and balances with central banks

 

6'853'071

6'997'738

Due from banks (due daily)

 

443'355

400'906

Total cash and cash equivalents

 

7'296'426

7'398'644

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 1.2.