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Consolidated statement of cash flows (unaudited)

In CHF million   Note   31.3.2018   31.3.2017
Net income       379   373
Income tax expense       96   127
Result of equity-accounted investees       2   1
Financial income   6    (17)   (5)
Financial expense   6    58   54
Depreciation, amortisation and impairment losses       540   523
Gain on sale of property, plant and equipment       (1)   (1)
Loss on disposal of property, plant and equipment       2   1
Change in provisions       (20)   (19)
Change in defined benefit obligations       15   17
Change in operating assets and liabilities   7    (193)   (79)
Change in deferred gain from the sale and leaseback of real estate       (3)   (2)
Interest received       10   12
Interest paid       (17)   (23)
Income taxes paid       (164)   (184)
Cash flow from operating activities       687   795
Purchase of property, plant and equipment and intangible assets       (501)   (529)
Sale of property, plant and equipment and intangible assets       2   2
Acquisition of subsidiaries, net of cash and cash equivalents acquired         (30)
Expenses for shareholdings accounted for using the equity method       (3)  
Purchase of other financial assets       (4)   (14)
Proceeds from other financial assets       10   3
Cash flow used in investing activities       (496)   (568)
Issuance of financial liabilities   5    150   4
Repayment of financial liabilities   5    (42)   (210)
Acquisition of non-controlling interests         (13)
Other cash flows from financing activities       (6)   (6)
Cash flow provided (cash flow used) by financing activities       102   (225)
Net increase in cash and cash equivalents       293   2
Cash and cash equivalents at 1 January       525   329
Foreign currency translation adjustments in respect of cash and cash equivalents       1   (1)
Cash and cash equivalents at the end of financial period       819   330