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Consolidated statement of cash flows (unaudited)

In CHF million   Note   31.03.2020   31.03.2019
Net income       394   383
Income tax expense       74   104
Result of equity-accounted investees       (1)   (2)
Financial income   6    (7)   (26)
Financial expense   6    44   46
Depreciation and amortisation of property, plant and equipment and intangible assets       537   547
Depreciation of right-of-use assets       70   67
Gain on sale of property, plant and equipment         (3)
Revenue from finance leases       (14)  
Change in deferred gain from the sale and leaseback of real estate       (3)   (3)
Change in operating assets and liabilities   7    (201)   (46)
Change in provisions       (1)   8
Change in defined benefit obligations       14   12
Interest received       11   10
Interest payments for financial liabilities       (16)   (13)
Interest payments for lease liabilities       (11)   (8)
Income taxes paid       (119)   (242)
Cash flow from operating activities       771   834
Purchase of property, plant and equipment and intangible assets       (513)   (516)
Sale of property, plant and equipment and intangible assets       1   6
Acquisition of subsidiaries, net of cash and cash equivalents acquired       (7)   (245)
Expenditure for equity-accounted investees       (1)   (1)
Purchase of other financial assets       (3)   (3)
Proceeds from other financial assets       25   17
Cash flow used in investing activities       (498)   (742)
Issuance of financial liabilities   5    1,574   222
Repayment of financial liabilities   5    (562)   (310)
Repayment of lease liabilities       (91)   (80)
Other cash flows from financing activities       (33)   (6)
Cash flow from (used in) financing activities       888   (174)
Net increase (net decrease) in cash and cash equivalents       1,161   (82)
Cash and cash equivalents at 1 January       328   474
Foreign currency translation adjustments in respect of cash and cash equivalents       (2)   1
Cash and cash equivalents at the end of financial period       1,487   393