Consolidated statement of cash flows

unaudited

(XLS:)

in CHF thousands

First half 2014

First half 2013

Cash flow from / (used in) operating activities

 

 

Interest received (excluding financial investments)

133'274

149'762

Interest received from financial investments

6'800

5'384

Dividends received from financial investments

451

612

Interest paid

–23'151

–27'766

Financial liabilities form insurance contracts

110'281

128'422

Fees and commission paid

–14'997

–24'286

Trading income

14'801

14'285

Other income

2'151

2'908

Payments for personnel, general and administrative expenses

–123'912

–127'150

Other expenses

–48'850

2'156

Income tax paid

–1'970

–1'167

Cash flow from operating activities before changes in operating assets and liabilities

54'880

123'160

Net due from / to banks

–435'422

–488'098

Net due from insurance contracts

–91'332

–21'897

Trading portfolio and net replacement values

4'656

–7'349

Loans / due to customers

–75'530

–59'807

Other assets

–4'358

–21'073

Liabilities from insurance contracts

–158'720

–1'578

Financial liabilities

265'575

25'741

Other liabilities

70'150

4'292

Changes in operating assets and liabilities

–424'981

–569'769

Net cash flow from / (used in) operating activities

–370'102

–446'609

 

 

 

Cash flow from / (used in) investing activities

 

 

Purchase of property and equipment

–5'614

–18'060

Disposal of property and equipment

4'473

16'636

Purchase of investment property

4'407

–2'050

Disposal of investment property

–2'792

2'259

Purchase of other intangible assets

–395

–1'531

Purchase of financial investments

–290'058

–148'873

Disposal of financial investments

173'531

138'482

Net cash flow from / (used in) investing activities

–116'447

–13'137

 

 

 

Cash flow from / (used in) financing activities

 

 

Purchase of treasury shares

–700

–2'910

Disposal of treasury shares

1'570

2'794

Dividends paid

–43'315

–42'679

Financial liabilities form insurance contracts

–565

–1'157

Increase in shares of Group companies

–421

–4'288

Issuance of medium-term debt

112'991

115'565

Repayment of medium-term debt

–104'580

–181'198

Net cash flow from / (used in) financing activities

–35'020

–113'873

 

 

 

Effects of foreign currency translation

–6'523

365

 

 

 

Net increase / (decrease) in cash and cash equivalents

–528'092

–573'254

 

 

 

Cash and cash equivalents at beginning of the period

3'333'192

3'348'652

Cash and cash equivalents at end of the period

2'805'100

2'775'398

 

 

 

Cash and cash equivalents comprise:

 

 

Cash and balances with central banks

1'918'471

1'734'217

Cash from non-current assets held for sale

0

2

Due from banks (due daily)

886'629

1'040'625

Due from banks (due daily) from non-current assets held for sale

0

554

Total cash and cash equivalents

2'805'100

2'775'398

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