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