Consolidated
cash flow statement
| in CHF thousand | Notes | 1.4.2013 to 30.9.2013 reviewed | 1.4.2012 to 30.9.2012 reviewed |
|---|---|---|---|
| Cash flow from operating acitvities | |||
| Earnings | –14 997 | –21 954 | |
| Adjustments for: | |||
| – Result from the sale of investment properties | 2 | –9 963 | –5 011 |
| – Net financial expenses | 5 | 20 983 | 22 078 |
| – Change in market value of investment properties | 6 | 14 372 | 23 571 |
| – Income taxes | 2 450 | 67 | |
| – Depreciation | 102 | 177 | |
| – Other non cash flow-related effects | 5 | –65 | |
| Cash flow before change in net current assets | 12 952 | 18 863 | |
| Change in net working capital | –5 419 | –4 121 | |
| Income taxes paid | –14 147 | –276 | |
| Income taxes received | 58 | 4 | |
| Interest received | 28 | 82 | |
| Net cash flow from operating activities | –6 528 | 14 552 | |
| Cash flow from investing activities | |||
| Investments in investment properties | 6 | –38 108 | –43 299 |
| Divestments of investment properties | 2 | 252 361 | 155 881 |
| Investments in furnishing | 0 | –254 | |
| Change in other non-current assets | 1 329 | 1 203 | |
| Net cash flow from investing activities | 215 582 | 113 531 |
Information contained in the notes to the semi-annual consolidated financial statements is an integral part of the consolidated semi-annual financial statements.
| in CHF thousand | Notes | 1.4.2013 to 30.9.2013 reviewed | 1.4.2012 to 30.9.2012 reviewed |
|---|---|---|---|
| Cash flow from financing acitivities | |||
| Decrease of bond | –1 720 | 0 | |
| Increase of mortgages | 0 | 190 000 | |
| Decrease of mortgages | –162 058 | –275 856 | |
| Interest paid | –20 881 | –22 091 | |
| Purchase of treasury shares | 7 | –109 | –450 |
| Sale of treasury shares | 7 | 0 | 900 |
| Net cash flow used in financing activities | –184 768 | –107 497 | |
| Currency translation adjustments for cash and cash equivalents | 55 | 196 | |
| Change in cash and cash equivalents | 24 341 | 20 782 | |
| Cash and cash equivalents as of the beginning of the period | 36 632 | 39 555 | |
| Cash and cash equivalents as of the end of the period | 60 973 | 60 337 |