Consolidated cash flow statement
in CHF thousands |
Notes |
|
1.4.2017 to 31.3.2018 |
1.4.2016 to 31.3.2017 |
|
|
|
|
|
Cash flow from operating activities |
|
|
|
|
Earnings from continuing operations |
|
|
697 |
2 113 |
Earnings from discontinuing operations |
|
|
–29 949 |
27 815 |
Adjustments for: |
|
|
|
|
– Net financial expenses |
|
|
4 561 |
4 839 |
– Loss from recycling from equity of discontinued operations |
|
|
33 808 |
0 |
– Change in market value of investment properties |
|
|
–1 505 |
–26 323 |
– Income taxes |
|
|
–23 |
3 527 |
– Depreciation |
|
|
33 |
50 |
– Other non cash flow-related effects |
|
|
54 |
20 |
Cash flow before change in net current assets |
|
|
7 676 |
12 040 |
Change in net working capital |
|
|
–365 |
–657 |
Income taxes paid |
|
|
–319 |
–4 748 |
Income taxes received |
|
|
0 |
128 |
Interest received |
|
|
143 |
395 |
Net cash flow from operating activities |
|
|
7 135 |
7 158 |
|
|
|
|
|
Cash flow from investing activities |
|
|
|
|
Investments in investment properties |
|
|
–1 207 |
–3 183 |
Divestments of discontinued operation |
|
|
58 577 |
0 |
Investments in furnishing |
|
|
–12 |
–82 |
Net cash flow from investing activities |
|
|
57 358 |
–3 265 |
|
|
|
|
|
Cash flow from financing activities |
|
|
|
|
Utilization bank overdraft |
|
|
–9 691 |
4 971 |
Increase of mortgages |
|
|
66 000 |
0 |
Decrease of mortgages |
|
|
–108 683 |
–2 904 |
Decrease of loan to shareholder |
|
|
13 000 |
0 |
Interest paid |
|
|
–3 360 |
–7 501 |
Repayment of interest rate swaps |
|
|
–19 290 |
0 |
Net cash flow used in financing activities |
|
|
–62 024 |
–5 434 |
|
|
|
|
|
Currency translation adjustments for cash and cash equivalents |
|
|
59 |
–38 |
Change in cash and cash equivalents |
|
|
2 528 |
–1 579 |
Cash and cash equivalents as of the beginning of the period 1 |
|
|
1 937 |
3 516 |
Cash and cash equivalents as of the end of the period |
|
|
4 465 |
1 937 |
Information contained in the notes to the annual consolidated financial statements is an integral part of the consolidated annual financial statements.
1 Including discontinued operations