Consolidated statement of cash flows (unaudited)
Information checkedInformation unaudited Information geprüft Information ungeprüft Consolidated statement
of cash flows
|
in CHF thousands |
Note |
First half 2023 |
First half 2022 |
|
Cash flow from / (used in) operating activities |
|
|
|
|
Interest received |
|
187'845 |
96'033 |
|
Dividends received from financial investments |
4 |
6'226 |
5'736 |
|
Interest paid |
|
– 97'518 |
– 14'633 |
|
Fees and commission received |
|
156'685 |
172'400 |
|
Fees and commission paid |
|
– 57'415 |
– 64'326 |
|
Trading income |
|
82'121 |
45'388 |
|
Other income |
|
459 |
7'781 |
|
Payments for personnel, general and administrative expenses |
|
– 154'545 |
– 143'932 |
|
Income tax paid |
|
– 4'688 |
– 7'572 |
|
Rent paid for short-term and low-value leases |
|
– 214 |
– 190 |
|
Cash flow from operating activities, before changes in operating assets and liabilities |
|
118'956 |
96'685 |
|
Net due from / to banks |
|
– 554'732 |
– 158'456 |
|
Loans / due to customers |
|
124'724 |
378'941 |
|
Other assets |
|
3'805 |
– 38'944 |
|
Other liabilities |
|
19'301 |
30'042 |
|
Changes in operating assets and liabilities |
|
– 406'902 |
211'582 |
|
Net cash flow from / (used in) operating activities |
|
– 287'946 |
308'267 |
|
|
|
|
|
|
Cash flow from / (used in) investing activities |
|
|
|
|
Purchase of property and equipment |
|
– 2'989 |
– 3'788 |
|
Disposal of property and equipment |
|
0 |
1'070 |
|
Purchase of other intangible assets |
|
– 5'404 |
– 14'075 |
|
Purchase of financial investments |
|
– 448'511 |
– 592'738 |
|
Disposal of financial investments |
|
420'074 |
151'910 |
|
Purchase of non-current assets held for sale |
|
– 9'272 |
0 |
|
Sale of non-current assets held for sale |
|
0 |
825 |
|
Net cash flow from / (used in) investing activities |
|
– 46'102 |
– 456'795 |
|
in CHF thousands |
Note |
First half 2023 |
First half 2022 |
|
Cash flow from / (used in) financing activities |
|
|
|
|
Purchase of treasury shares 1 |
|
0 |
– 20'450 |
|
Dividends paid |
|
– 76'654 |
– 70'426 |
|
Dividends paid to non-controlling interests |
|
– 280 |
– 369 |
|
Reduction in non-controlling interests 1 |
|
0 |
– 100'564 |
|
Repayment of lease liabilities |
|
– 2'822 |
– 2'644 |
|
Issuance of debt |
|
191'086 |
190'828 |
|
Repayment of debt |
|
– 35'241 |
– 97'973 |
|
Net cash flow from / (used in) financing activities |
|
76'089 |
– 101'598 |
|
|
|
|
|
|
Effects of foreign currency translation on cash and cash equivalents |
|
– 10'857 |
– 60'131 |
|
|
|
|
|
|
Net increase / (decrease) in cash and cash equivalents |
|
– 268'817 |
– 310'257 |
|
|
|
|
|
|
Cash and cash equivalents at beginning of the period |
|
7'079'415 |
7'606'684 |
|
Cash and cash equivalents at end of the period |
|
6'810'598 |
7'296'426 |
|
|
|
|
|
|
Cash and cash equivalents comprise: |
|
|
|
|
Cash and balances with central banks |
|
6'364'040 |
6'853'071 |
|
Due from banks (due daily) |
|
446'557 |
443'355 |
|
Total cash and cash equivalents |
|
6'810'598 |
7'296'426 |
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 first semester 2022. A proportion of the purchase price was serviced with treasury shares.