Consolidated Statement of Cash Flows
|
CHF million |
Note |
Half-year 2021/1 |
Half-year 2020/1 |
|
Earnings before tax from continuing operations |
|
84 |
– 121 |
|
Adjustments for: |
|
|
|
|
Depreciation, amortisation and impairment |
|
66 |
65 |
|
Gain on sale of non-current assets |
|
– 2 |
|
|
Share of results of partner power plants and other associates |
|
13 |
16 |
|
Financial result |
|
22 |
35 |
|
Other non-cash income and expenses |
|
54 |
|
|
Change in provisions (excl. interest) |
|
– 43 |
64 |
|
Change in defined benefit liabilities and other non-current liabilities |
|
3 |
– 5 |
|
Change in fair value of derivative financial instruments |
|
– 17 |
126 |
|
Change in net working capital (excl. derivatives, current financial assets / liabilities and current provisions) |
|
23 |
6 |
|
Other financial income and expenses |
|
– 3 |
– 11 |
|
Income tax paid |
|
– 28 |
5 |
|
Net cash flows from operating activities of continuing operations |
|
172 |
180 |
|
Net cash flows from operating activities of discontinued operations |
10 |
|
– 4 |
|
Net cash flows from operating activities |
|
172 |
176 |
|
Property, plant and equipment and intangible assets |
|
|
|
|
Investments |
|
– 35 |
– 27 |
|
Proceeds from disposals |
|
3 |
|
|
Subsidiaries |
|
|
|
|
Proceeds from disposals |
|
9 |
|
|
Associates |
|
|
|
|
Proceeds from disposals |
|
– 3 |
|
|
Loans receivable and financial investments |
|
|
|
|
Investments |
|
– 10 |
– 1 |
|
Change in current and non-current term deposits |
|
14 |
114 |
|
Dividends from partner power plants, other associates and financial investments |
|
23 |
20 |
|
Interest received |
|
5 |
1 |
|
Net cash flows from investing activities of continuing operations |
|
6 |
107 |
|
Net cash flows from investing activities of discontinued operations |
10 |
– 1 |
– 13 |
|
Net cash flows from investing activities |
|
5 |
94 |
|
Dividends paid to equity investors of Alpiq Holding Ltd. |
|
– 46 |
|
|
Dividends paid to non-controlling interests |
|
– 1 |
|
|
Proceeds from financial liabilities |
|
1 |
12 |
|
Repayment of financial liabilities |
|
– 55 |
– 90 |
|
Change in non-controlling interests |
|
|
1 |
|
Interest paid |
|
– 14 |
– 17 |
|
Net cash flows from financing activities of continuing operations |
|
– 115 |
– 94 |
|
Net cash flows from financing activities of discontinued operations |
|
|
|
|
Net cash flows from financing activities |
|
– 115 |
– 94 |
|
Currency translation differences |
|
5 |
– 11 |
|
Change in cash and cash equivalents |
|
67 |
165 |
|
Reconciliation: |
|
|
|
|
Cash and cash equivalents at 1 January |
|
340 |
441 |
|
Of which, cash and cash equivalents |
|
340 |
440 |
|
Of which, cash and cash equivalents under assets held for sale |
|
|
1 |
|
Cash and cash equivalents at 30 June |
|
407 |
606 |
|
Of which, cash and cash equivalents |
|
407 |
605 |
|
Of which, cash and cash equivalents under assets held for sale |
|
|
1 |
|
Change |
|
67 |
165 |