Consolidated statement of cash flows
Information unaudited Information ungeprüft Consolidated statement of cash flows
|
in CHF thousands |
Note |
2023 |
2022 |
|
Cash flow from / (used in) operating activities |
|
|
|
|
Interest received |
|
436'572 |
235'920 |
|
Dividends received from financial investments |
6'535 |
6'259 |
|
|
Interest paid |
|
– 272'659 |
– 78'515 |
|
Fees and commission received |
|
328'852 |
310'040 |
|
Fees and commission paid |
|
– 131'764 |
– 116'182 |
|
Trading income |
|
172'117 |
129'634 |
|
Other income |
|
1'856 |
7'156 |
|
Payments for personnel, general and administrative expenses |
|
– 313'804 |
– 282'000 |
|
Income tax paid |
– 10'999 |
– 26'530 |
|
|
Rent paid for short-term and low-value leases |
|
– 463 |
– 301 |
|
Cash flow from operating activities, before changes in operating assets and liabilities |
|
216'243 |
185'482 |
|
Net due from / to banks |
|
– 615'687 |
– 261'979 |
|
Loans / due to customers |
|
– 82'073 |
73'707 |
|
Other assets |
|
– 36'213 |
– 21'558 |
|
Other liabilities |
|
33'797 |
– 8'846 |
|
Changes in operating assets and liabilities |
|
– 700'176 |
– 218'675 |
|
Net cash flow from / (used in) operating activities |
|
– 483'933 |
– 33'193 |
|
|
|
|
|
|
Cash flow from / (used in) investing activities |
|
|
|
|
Purchase of property and equipment |
– 18'829 |
– 11'761 |
|
|
Disposal of property and equipment |
|
0 |
1'070 |
|
Purchase of other intangible assets |
– 15'193 |
– 24'652 |
|
|
Purchase of financial investments |
|
– 933'000 |
– 840'069 |
|
Disposal of financial investments |
|
895'430 |
414'543 |
|
Purchase of non-current assets held for sale |
|
– 10'528 |
– 1'020 |
|
Sale of non-current assets held for sale |
|
1'509 |
850 |
|
Net cash flow from / (used in) investing activities |
|
– 80'611 |
– 461'038 |
|
in CHF thousands |
Note |
2023 |
2022 |
|
Cash flow from / (used in) financing activities |
|
|
|
|
Purchase of treasury shares 1 |
– 4'463 |
– 20'450 |
|
|
Dividends paid |
– 76'654 |
– 70'426 |
|
|
Dividends paid to non-controlling interests |
– 280 |
– 369 |
|
|
Reduction in non-controlling interests 1 |
– 0 |
– 101'188 |
|
|
Repayment of lease liabilities |
– 5'644 |
– 5'287 |
|
|
Issuance of debt |
354'942 |
416'134 |
|
|
Repayment of debt |
– 123'098 |
– 172'628 |
|
|
|
150'000 |
0 |
|
|
Net cash flow from / (used in) financing activities |
|
294'802 |
45'787 |
|
|
|
|
|
|
Effects of foreign currency translation on cash and cash equivalents |
|
– 102'789 |
– 78'823 |
|
|
|
|
|
|
Net increase / (decrease) in cash and cash equivalents |
|
– 372'530 |
– 527'268 |
|
|
|
|
|
|
Cash and cash equivalents at beginning of the period |
|
7'079'416 |
7'606'684 |
|
Cash and cash equivalents at end of the period |
|
6'706'886 |
7'079'416 |
|
|
|
|
|
|
Cash and cash equivalents comprise: |
|
|
|
|
Cash and balances with central banks |
6'389'870 |
6'264'269 |
|
|
Due from banks (due daily) |
317'014 |
295'210 |
|
|
Claims from money market instruments with an original maturity of no more than three months |
|
0 |
519'935 |
|
Total cash and cash equivalents |
|
6'706'886 |
7'079'416 |
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 in the business year 2022. A proportion of the purchase price was serviced with treasury shares.