Consolidated cash flow statement
Figures in CHF thousand | Notes | 2017 | 2016 |
Consolidated earnings | 217,882 | 97,969 | |
Write-downs / write-ups on investments | 6 | –127,509 | –32,149 |
Of which write-downs / write-ups on equity-accounted participations | 6 | –25,975 | 9,001 |
Write-downs / write-ups on intangible assets | 8 | 38,589 | 41,657 |
Write-downs / write-ups on property, plant and equipment | 8 | 9,621 | 8,547 |
Write-downs / write-ups on receivables | 28,335 | 20,127 | |
Change in net technical provisions | 11 | 221,579 | 16,444 |
Change in non-technical provisions | 12 | 6,590 | –23,411 |
Change in provision for investment risk | 13 | 51,000 | 152,000 |
Loss / gain on disposal of property, plant and equipment | 8 | 188 | –59 |
Change in deferred charges | 9 | –197,540 | 18,151 |
Change in deferred income taxes | –1,748 | –57,412 | |
Change in receivables | 10 | –63,886 | –92,310 |
Change in deferred credits | 9 | –39,481 | –27,123 |
Change in liabilities | 10 | –31,948 | –61,222 |
Cash flow from operating activities | 111,672 | 61,210 | |
Investment / divestment of investments | 6 | –109,386 | –200,085 |
Investment / divestment of intangible assets | 8 | 0 | –64,498 |
Investment / divestment of property, plant and equipment | 8 | –13,165 | –4,662 |
Cash flow from investment activities | –122,551 | –269,244 | |
Assumption of current financial liabilities | 10 | 110,000 | 0 |
Dividends to shareholders | –2,100 | –1,400 | |
Dividends to non-controlling interests | –491 | –975 | |
Change in non-controlling interest / third parties | 728 | 766 | |
Cash flow from financing activities | 108,137 | –1,610 | |
Total cash flow = change in cash and cash equivalents | 97,258 | –209,644 | |
Cash and cash equivalents opening amount at 1.1 | 91,244 | 300,888 | |
Cash and cash equivalents closing amount at 31.12 | 188,502 | 91,244 | |
Change in cash and cash equivalents 1 | 97,258 | –209,644 |
1 Cash and cash equivalents operating liquidity, liquidity with custodian bank, time deposits
