Consolidated statement of cash flows

(unaudited)

(XLS:) Download

in CHF thousands

 

Note

 

First half 2017

 

First half 2016

Cash flow from / (used in) operating activities

 

 

 

 

 

 

Interest received (excluding financial investments)

 

 

 

98'046

 

134'482

Interest received from financial investments at fair value

 

4

 

7'098

 

7'276

Dividends received from financial investments at fair value

 

4

 

459

 

355

Interest paid

 

 

 

–13'979

 

–25'469

Fees and commission received

 

 

 

88'482

 

87'160

Fees and commission paid

 

 

 

–14'382

 

–12'501

Trading income

 

 

 

25'523

 

17'809

Other income

 

 

 

3'060

 

1'612

Payments for personnel, general and administrative expenses

 

 

 

–125'388

 

–111'670

Other expenses

 

 

 

0

 

–10'865

Income tax paid

 

 

 

–2'447

 

–6'797

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

 

 

 

66'473

 

81'392

Net due from / to banks

 

 

 

914'554

 

362'387

Trading portfolio and net replacement values

 

 

 

7'595

 

11'655

Loans / due to customers

 

 

 

78'961

 

–340'023

Other assets

 

 

 

–16'984

 

–2'207

Other liabilities

 

 

 

–10'313

 

–12'786

Changes in operating assets and liabilities

 

 

 

973'812

 

19'027

Net cash flow from / (used in) operating activities

 

 

 

1'040'285

 

100'419

 

 

 

 

 

 

 

Cash flow from / (used in) investing activities

 

 

 

 

 

 

Purchase of property and equipment

 

 

 

–10'190

 

–1'335

Disposal of property and equipment

 

 

 

107

 

12'467

Purchase of investment property

 

 

 

0

 

–1'097

Purchase of other intangible assets

 

 

 

–2'231

 

–1'407

Purchase of financial investments at fair value

 

 

 

–105'040

 

–153'190

Disposal of financial investments at fair value

 

 

 

193'051

 

283'167

Net cash flow from / (used in) investing activities

 

 

 

75'697

 

138'605

 

 

 

 

 

 

 

Cash flow from / (used in) financing activities

 

 

 

 

 

 

Disposal of treasury shares

 

 

 

3'159

 

721

Dividends paid

 

 

 

–49'091

 

–46'145

Dividends paid to non-controlling interests

 

 

 

–1'623

 

1'659

Decrease in non-controlling interests

 

 

 

0

 

–1'416

Issuance of debt

 

 

 

70'638

 

120'666

Repayment of debt

 

 

 

–59'797

 

–93'696

Net cash flow from / (used in) financing activities

 

 

 

–36'714

 

–18'211

 

 

 

 

 

 

 

Effects of foreign currency translation

 

 

 

–5'726

 

–7'218

 

 

 

 

 

 

 

Net increase / (decrease) in cash and cash equivalents

 

 

 

1'073'541

 

213'595

 

 

 

 

 

 

 

Cash and cash equivalents at beginning of the period

 

 

 

3'951'982

 

3'043'279

Cash and cash equivalents at end of the period

 

 

 

5'025'523

 

3'256'874

 

 

 

 

 

 

 

Cash and cash equivalents comprise:

 

 

 

 

 

 

Cash and balances with central banks

 

 

 

4'418'691

 

2'579'196

Due from banks (due daily)

 

 

 

606'832

 

677'678

Total cash and cash equivalents

 

 

 

5'025'523

 

3'256'874

The following table shows changes in financial liabilities arising from financing activities including a separation into cash and non-cash changes.

(XLS:) Download

 

 

 

 

 

 

Non-cash changes

 

 

in CHF thousands

 

31.12.2016

 

Cash changes

 

Changes in scope of consolidation

 

Changes in exchange rates

 

Changes in fair value

 

Other changes

 

30.06.2017

Issuance / (repayment) of medium-term notes

 

437'200

 

–29'859

 

0

 

149

 

0

 

–465

 

407'025

Issuance / (repayment) of shares in bond issues of the Swiss Regional or Cantonal Banks’ Central Bond Institutions

 

790'836

 

40'700

 

0

 

0

 

0

 

30

 

831'566

Total liabilities from financing activities

 

1'228'035

 

10'841

 

0

 

149

 

0

 

–435

 

1'238'591