Consolidated statement of cash flows
For the year ended 31 December
|
In 1,000 CHF |
Note |
2016 |
2015 represented |
|
Cash flows from operating activities |
|
|
|
|
Profit for the period |
|
118,493 |
74,617 |
|
Adjustments for non-cash items: |
|
|
|
|
Interest income |
|
(99,918) |
(92,146) |
|
Interest expenses |
|
22,643 |
24,882 |
|
Income tax expenses |
12 |
21,903 |
12,479 |
|
Depreciation |
19 |
5,983 |
5,659 |
|
Amortisation |
20 |
21,176 |
18,128 |
|
Losses on disposals of property and equipment and intangible assets |
10 |
0 |
16 |
|
Income from associates |
21 |
(3,393) |
(3,024) |
|
|
|
|
|
|
Changes in |
|
|
|
|
(Increase) / decrease in receivables from business unit Payment, net |
|
(113,436) |
106,176 |
|
(Increase) / decrease in receivables from business unit Consumer Finance, net |
|
9,794 |
1,815 |
|
(Increase) / decrease in inventories |
16 |
(11) |
(77) |
|
(Increase) / decrease in other trade receivables and other receivables |
|
7,522 |
(936) |
|
(Increase) / decrease in prepaid expenses |
|
(1,429) |
11,948 |
|
Increase / (decrease) in payables to counterparties |
23 |
59,731 |
4,605 |
|
Increase / (decrease) in other trade payables |
|
(2,190) |
8,252 |
|
Increase / (decrease) in other payables |
|
(3,188) |
(1,429) |
|
Increase / (decrease) in accrued expenses and deferred income |
|
31,777 |
(5,550) |
|
Increase / (decrease) in provisions |
|
509 |
122 |
|
Increase / (decrease) in employee benefit obligations charged to the income statement |
|
66 |
2,336 |
|
(Increase) / decrease in financial investments available for sale |
22 |
(17,280) |
0 |
|
|
|
|
|
|
Foreign exchange and other financial items |
|
182 |
(181) |
|
Interest received |
|
98,319 |
90,570 |
|
Interest paid |
|
(20,769) |
(20,896) |
|
Income tax paid |
|
(5,344) |
(13,552) |
|
|
|
|
|
|
Net cash from / (used in) operating activities |
|
131,140 |
223,814 |
|
|
|
|
|
|
Cash flows from investing activities |
|
|
|
|
Acquisition of property and equipment |
19 |
(6,820) |
(9,481) |
|
Disposals of property and equipment |
|
464 |
173 |
|
Acquisition of other intangible assets |
20 |
(21,085) |
(12,345) |
|
Acquisition of subsidiaries, net of cash acquired |
3 |
(5,025) |
0 |
|
Acquisition of investments in associates |
21 |
(3,620) |
(215) |
|
Dividends received from associates |
21 |
1,500 |
1,500 |
|
|
|
|
|
|
Net cash from / (used in) investing activities |
|
(34,202) |
(20,368) |
|
|
|
|
|
|
Cash flows from financing activities |
|
|
|
|
Proceeds from interest-bearing liabilities |
27 |
399,446 |
600,510 |
|
Repayment of interest-bearing liabilities |
27 |
(524,715) |
(706,564) |
|
Dividends paid |
31 |
(20,000) |
(20,000) |
|
Issue of share capital to non-controlling interests by subsidiaries |
|
0 |
0 |
|
Net cash from / (used in) financing activities |
|
(145,269) |
(126,054) |
|
|
|
|
|
|
Net increase in cash and cash equivalents |
|
(48,331) |
77,392 |
|
Cash and cash equivalents at 1 January |
|
90,002 |
12,429 |
|
Effect of exchange rate fluctuations on cash held |
|
(182) |
181 |
|
|
|
|
|
|
Cash and cash equivalents at 31 December |
14 |
41,489 |
90,002 |