Consolidated cash flow statement

in CHF thousands

Notes

 

1.4.2018 to 30.9.2018

1.4.2017 to 30.9.2017

 

 

 

 

 

Cash flow from operating activities

 

 

 

 

Earnings from continuing operations

 

 

1 842

–760

Earnings from discontinuing operations

 

 

0

–29 591

Adjustments for:

 

 

 

 

– Net financial expenses

 

 

43

1 092

– Loss from recycling from equity of discontinued operations

 

 

0

33 808

– Change in market value of investment properties

4.1

 

–1 000

–1 175

– Income taxes

 

 

833

1 844

– Depreciation

 

 

10

18

– Other non cash flow-related effects

 

 

–4

0

Cash flow before change in net current assets

 

 

1 724

5 236

Change in net working capital

 

 

–705

62

Income taxes paid

 

 

0

–319

Income taxes received

 

 

2 656

0

Interest received

 

 

382

143

Net cash flow from operating activities

 

 

4 057

5 122

 

 

 

 

 

Cash flow from investing activities

 

 

 

 

Investments in investment properties

 

 

–30

–1 014

Divestments of discontinued operation

 

 

0

59 036

Investments in furnishing

 

 

0

–6

Net cash flow from investing activities

 

 

–30

58 016

 

 

 

 

 

Cash flow from financing activities

 

 

 

 

Distribution from capital reserves

4.2

 

–1 936

0

Change in bank overdraft

 

 

0

–9 691

Increase of mortgages

 

 

0

66 000

Decrease of mortgages

 

 

–1 000

–108 156

Decrease of loan to shareholder

 

 

0

13 000

Interest paid

 

 

–321

–2 923

Offsetting of interest rate swaps

 

 

0

–19 290

Net cash flow used in financing activities

 

 

–3 257

–61 060

 

 

 

 

 

Currency translation adjustments for cash and cash equivalents

 

 

–88

–45

Change in cash and cash equivalents

 

 

682

2 033

Cash and cash equivalents at the beginning of the period 1

 

 

4 465

1 937

Cash and cash equivalents at the end of the period

 

 

5 147

3 970

Information contained in the notes to the semi-annual consolidated financial statements is an integral part of the consolidated semi-annual financial statements.

1 Prior year including discontinued operations