Condensed consolidated statement of cash flows

For the period ended 30 June

In 1,000 CHF

Note

2017

2016

Cash flows from operating activities

 

 

 

Profit for the period

 

42,346

74,873

Adjustments for non-cash items:

 

 

 

Interest income

4

(48,057)

(44,898)

Interest expense

4

10,474

11,508

Income tax expenses

 

5,985

16,287

Depreciation

 

2,975

3,101

Amortisation

 

8,428

8,313

Loss on disposals of property and equipment and intangible assets

 

3

12

Income from associates

 

(1,343)

(1,552)

 

 

 

 

(Increase) / decrease in receivables from business unit Payment, net

8

59,543

(23,839)

(Increase) / decrease in receivables from business unit Consumer Finance, net

8

(28,817)

(1,155)

(Increase) / decrease in inventories

9

22

(185)

(Increase) / decrease in other trade receivables and other receivables

 

4,882

(1,439)

(Increase) / decrease in prepaid expenses

 

(18,076)

(422)

Increase / (decrease) in payables to counterparties

 

(24,268)

(3,927)

Increase / (decrease) in other trade payables

 

(5,488)

2,993

Increase / (decrease) in other payables

 

(8,198)

(4,043)

Increase / (decrease) in accrued expenses and deferred income

 

3,233

23,821

Increase / (decrease) in provisions

 

(16)

981

Increase / (decrease) in employee benefit obligations charged to the income statement

 

1,492

(1,168)

(Increase) / decrease in Financial investments available for sale

 

0

(17,096)

 

 

 

 

Foreign exchange and other financial items

 

284

(238)

Interest received

 

47,267

44,898

Interest paid

 

(16,772)

(11,508)

Income tax paid

 

(6,990)

(4,232)

 

 

 

 

Net cash from / (used in) operating activities

 

28,909

71,085

 

 

 

 

Cash flows from investing activities

 

 

 

Acquisition of property and equipment

 

(595)

(3,007)

Acquisition of other intangible assets

 

(9,782)

(8,200)

Acquisition of investments in associates

 

0

(3,000)

Dividends received from associates

 

1,500

1,500

 

 

 

 

Net cash from / (used in) investing activities

 

(8,877)

(12,707)

Cash flows from financing activities

 

 

 

Proceeds from interest-bearing liabilities

10

593,336

404,650

Repayment of interest-bearing liabilities

10

(598,583)

(399,715)

Dividends paid

11

(40,000)

(20,000)

 

 

 

 

Net cash from / (used in) financing activities

 

(45,247)

(15,065)

 

 

 

 

Net (decrease) / increase in cash and cash equivalents

 

(25,215)

43,313

Cash and cash equivalents at 1 January

 

41,489

90,002

Effect of exchange rate fluctuations on cash held

 

(284)

(238)

 

 

 

 

Cash and cash equivalents at 30 June

 

15,990

133,077