1.4 consolidated cash flow statement
in CHF '000
 notes 2010 2009
Net income for the period
 12,105 18,132
Depreciation
 16,077 10,508
Impairment and amortisation
 973 754
Profit from disposal of subsidiaries
 –748 –4,000
Other non-fund related income and expenses
 –1,415 –4,107
Change in net working capital
 4.33 –6,250 –3,972
Income tax paid
 –4,781 –9,228
Interest paid
 –873 –798
Change in provisions and deferred income tax
 –2,938 –1,765
Cash flow from operating activities
 12,150 5,524
Purchase of tangible assets
 –6,828 –13,185
Proceeds from disposals of tangible assets
 516 7,349
Purchase of intangible assets
 –2,525 –277
Proceeds from disposals of intangible assets
 – –
Purchase of other non-current assets
 –169 –77
Proceeds from disposals of other non-current assets
 17,356 –
Acquisitions of investments
 –6,544 –
Proceeds from disposals of investments
 277 4,388
Purchase of securities
 –208 –
Proceeds from disposals of marketable securities
 – 2
Cash flow from investing activities
 1,875 –1,800
Change in financial liabilities
 –3,142 4,944
Dividends paid to minorities
 –1,960 –980
Dividends paid
 4.32 –4,900 –15,680
Cash flow from financing activities
 –10,002 –11,716
Translation differences on cash
 266 33
Increase (decrease) in cash and cash equivalents
 4,289 –7,959
Cash and cash equivalents at 1 January
 4.11 26,936 34,867
Effects of exchange rate adjustments on the opening balance
 –1,631 28
Cash and cash equivalents at 1 January after effects of currency exchange rate
 25,305 34,895
Cash and cash equivalents at 31 December
 29,594 26,936