Consolidated Statement of Cash Flows
|
CHF million |
Note |
Half-year 2022/1 |
Half-year 2021/1 |
|
Earnings before tax from continuing operations (adjusted) 1 |
|
– 665 |
39 |
|
Adjustments for: |
|
|
|
|
Depreciation, amortisation and impairment |
|
59 |
66 |
|
Gain on sale of non-current assets |
|
– 1 |
– 2 |
|
Share of results of partner power plants and other associates |
|
10 |
13 |
|
Financial result (adjusted) 1 |
|
30 |
23 |
|
Other non-cash income and expenses |
|
44 |
54 |
|
Change in provisions (excl. interest) (adjusted) 1 |
|
– 147 |
1 |
|
Change in defined benefit assets / liabilities and other non-current liabilities |
|
21 |
3 |
|
Change in fair value of derivative financial instruments |
|
657 |
– 17 |
|
Change in net working capital (excl. derivatives, current financial assets / liabilities and current provisions) |
|
– 381 |
23 |
|
Other financial income and expenses |
|
– 21 |
– 3 |
|
Income tax paid |
|
– 22 |
– 28 |
|
Net cash flows from operating activities of continuing operations |
|
– 416 |
172 |
|
Net cash flows from operating activities of discontinued operations |
|
|
|
|
Net cash flows from operating activities |
|
– 416 |
172 |
|
Property, plant and equipment and intangible assets |
|
|
|
|
Investments |
|
– 39 |
– 35 |
|
Proceeds from disposals |
|
1 |
3 |
|
Subsidiaries |
|
|
|
|
Proceeds from disposals |
10 |
31 |
9 |
|
Associates |
|
|
|
|
Proceeds from disposals |
|
|
– 3 |
|
Loans receivable and financial investments |
|
|
|
|
Investments |
|
|
– 10 |
|
Change in current and non-current term deposits |
|
|
14 |
|
Dividends from partner power plants, other associates and financial investments |
|
24 |
23 |
|
Interest received |
|
5 |
5 |
|
Net cash flows from investing activities of continuing operations |
|
22 |
6 |
|
Net cash flows from investing activities of discontinued operations |
10 |
|
– 1 |
|
Net cash flows from investing activities |
|
22 |
5 |
|
Dividends paid |
|
|
– 46 |
|
Dividends paid to non-controlling interests |
|
|
– 1 |
|
Proceeds from financial liabilities |
|
1,830 |
1 |
|
Repayment of financial liabilities |
|
– 1,495 |
– 55 |
|
Interest paid |
|
– 23 |
– 14 |
|
Net cash flows from financing activities of continuing operations |
|
312 |
– 115 |
|
Net cash flows from financing activities of discontinued operations |
|
|
|
|
Net cash flows from financing activities |
|
312 |
– 115 |
|
Currency translation differences |
|
– 18 |
5 |
|
Change in cash and cash equivalents |
|
– 100 |
67 |
|
Reconciliation: |
|
|
|
|
Cash and cash equivalents at 1 January |
|
863 |
340 |
|
Cash and cash equivalents at 30 June |
|
763 |
407 |
|
Change |
|
– 100 |
67 |
1 See note 1