Consolidated cash flow statement

1.4 consolidated cash flow statement



in CHF '000	notes	2009	2008

Net income for the period		18,132	49,728

Depreciation		10,508	13,508

Impairment and amortisation		754	328

Profit from disposal of subsidiaries		–4,000	–21,196

Other non-fund related income and expenses		–4,107	–1,075

Change in net working capital	4.33	–3,972	34,932

Income tax paid		–9,228	–11,397

Interest paid		–798	–1,172

Change in provisions and deferred income tax		–1,765	–2,457

Cash flow from operating activities		5,524	61,199



Purchase of tangible assets		–13,185	–48,363

Proceeds from disposals of tangible assets		7,349	148

Purchase of intangible assets		–277	–584

Proceeds from disposals of intangible assets		–	5

Purchase of other non-current assets		–77	–2,997

Proceeds from disposals of other non-current assets		–	288

Acquisitions of investments		–	–46

Proceeds from disposals of investments		4,388	6,935

Proceeds from disposals of marketable securities		2	–

Cash flow from investing activities		–1,800	–44,614



Change in financial liabilities		4,944	593

Dividends paid to minorities		–980	–980

Dividends paid	4.32	–15,680	–9,800

Cash flow from financing activities		–11,716	–10,187



Translation differences on cash		33	–518

Increase (decrease) in cash and cash equivalents		–7,959	5,880



Cash and cash equivalents at 1 January	4.11	34,867	30,003

Effects of exchange rate adjustments on the opening balance		28	–1,016

Cash and cash equivalents at 1 January after effects of currency exchange rate		34,895	28,987

Cash and cash equivalents at 31 December		26,936	34,867