Consolidated statement of cash flows

(unaudited)
(XLS:)

in CHF thousands

First half
2013

First half
2012

Cash flow from / (used in) operating activities

 

 

Interest received (excluding financial investments)

149'762

171'672

Interest received from financial investments

5'384

6'487

Dividends received from financial investments

612

303

Interest paid

–27'766

–33'364

Fees and commission received

128'422

124'154

Fees and commission paid

–24'286

–16'782

Trading income

14'285

14'189

Other income

2'908

4'653

Payments for personnel, general and administrative expenses

–127'150

–141'162

Other expenses

2'156

–70

Income tax paid

–1'167

–2'281

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

123'160

127'799

Net due from / to banks

–488'098

583'341

Net due from insurance contracts

–21'897

49'035

Trading portfolio and net replacement values

–7'349

–90

Loans / due to customers

–59'807

–80'112

Other assets

–21'073

735

Liabilities from insurance contracts

–1'578

19'354

Financial liabilities

25'741

–76'703

Other liabilities

4'292

5'791

Changes in operating assets and liabilities

–569'769

501'351

Net cash flow from / (used in) operating activities

–446'609

629'150

 

 

 

Cash flow from / (used in) investing activities

 

 

Purchase of property and equipment

–18'060

–13'434

Disposal of property and equipment

16'636

0

Purchase of investment property

–2'050

0

Disposal of investment property

2'259

3'227

Purchase of other intangible assets

–1'531

–995

Purchase of financial investments

–148'873

–229'263

Disposal of financial investments

138'482

156'733

Purchase of associates

0

–3'874

Net cash flow from / (used in) investing activities

–13'137

–87'606

 

 

 

Net cash flow from / (used in) financing activities

 

 

Purchase of treasury shares

–2'910

–318

Disposal of treasury shares

2'794

258

Dividends paid

–42'679

–8'526

Coupon tax on old reserves

0

–32'420

Non-controlling interests

–1'157

–2'814

Increase in shares of Group companies

–4'288

0

Issuance of medium-term debt

115'565

148'801

Repayment of medium-term debt

–181'198

–141'487

Net cash flow from / (used in) financing activities

–113'873

–36'506

 

 

 

Effects of foreign currency translation

365

–165

 

 

 

Net increase / (decrease) in cash and cash equivalents

–573'254

504'873

 

 

 

Cash and cash equivalents at beginning of the period

3'348'652

2'289'861

Cash and cash equivalents at end of the period

2'775'398

2'794'734

 

 

 

Cash and cash equivalents comprise:

 

 

Cash and balances with central banks

1'734'217

1'485'162

Cash from non-current assets held for sale

2

9

Due from banks (due daily)

1'040'625

1'123'279

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

554

186'284

Total cash and cash equivalents

2'775'398

2'794'734

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