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