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