Consolidated statement of cash flow
in CHF 1,000 | Note | 2015 | 2014 |
Cash flow from operating activities |
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Group net income |
| 64,056 | 20,025 |
Reconciliation to cash flow from operating activities |
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Non-cash-related positions in Group results |
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• Depreciation and amortisation | 22, 23 | 38,253 | 29,348 |
• Creation of retirement pension provisions | 41 | 10,649 | 29,300 |
• Creation/dissolution of other provisions | 28 | 15,765 | 1,630 |
• Non-cash-related income from capitalisation of assets | 22 | –34,045 | 0 |
• Unrealised gains on assets held for trading | 3 | 73 | 0 |
• Unrealised gains on financial instruments measured at fair value | 4 | –5,780 | –2,530 |
• Unrealised gains on financial instruments measured at amortised cost | 4 | 3,123 | 3,205 |
• Deferred income taxes | 10b | –5,127 | –2,061 |
Net increase/reduction in banking |
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• Amounts due from/to banks |
| 1,349,694 | 1,035,219 |
• Trading portfolios incl. replacement values, net |
| 23,061 | –22,291 |
• Amounts due from/to clients |
| –683,536 | –366,449 |
• Accrued receivables and other assets |
| –8,157 | –73,119 |
• Accruals and other liabilities |
| –788 | –5,190 |
Income taxes paid | 10a | –1,403 | –703 |
Foreign-currency impact on intragroup payments |
| –4,675 | 14,415 |
Net cash flow from operating activities |
| 761,163 | 660,799 |
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Cash flow from investment activities |
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Purchase of financial instruments measured at fair value | 17, 19 | –28,948 | –145,740 |
Proceeds from sale of/maturing financial instruments measured at fair value | 4 | 179,624 | 69,927 |
Purchase of financial instruments measurement at amortised cost | 20 | –759,053 | –351,622 |
Proceeds from sale of/maturing financial instruments measured at amortised cost | 4 | 209,555 | 138,189 |
Acquisition of property and equipment and intangible assets | 22, 23 | –10,555 | –9,564 |
Sale of property and equipment and intangible assets | 22, 23 | 0 | 11 |
Acquisition of subsidiary companies | 46 | 348,387 | –13,436 |
Disposal of subsidiary companies | 45, 46 | 0 | 50 |
Net cash flow from investment activities |
| –60,990 | –312,185 |
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Cash flow from financing activities |
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Purchase of treasury shares | 31 | –51,093 | –7,787 |
Proceeds from sale of treasury shares |
| 4,390 | 3,842 |
Dividend distributions | 12 | –19,811 | –20,345 |
Redemption/issuance of medium-term bonds | 25 | 13,733 | –50,413 |
Issuance/redemption of debentures | 26 | 151,000 | 0 |
Net cash flow from financing activities |
| 98,219 | –74,703 |
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Foreign-currency translation impact (incl. minority interests) |
| 2,982 | 9,981 |
Net increase in cash and cash equivalents |
| 801,374 | 283,892 |
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Cash and cash equivalents at the beginning of the financial year | 36 | 2,614,467 | 2,330,575 |
Cash and cash equivalents at the end of the financial year | 36 | 3,415,841 | 2,614,467 |
Net increase in cash and cash equivalents |
| 801,374 | 283,892 |
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Cash and cash equivalents are represented by |
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Cash | 36 | 2,955,527 | 1,926,968 |
Receivables arising from money-market papers | 36 | 14,652 | 22,027 |
Due from banks – at-sight balances | 36 | 445,662 | 665,472 |
Total |
| 3,415,841 | 2,614,467 |
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Consolidated statement of cash flow (summarised) |
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Cash and cash equivalents at beginning of accounting period |
| 2,614,467 | 2,330,575 |
Cash flow from operating activities, net of taxes |
| 761,163 | 660,799 |
Cash flow from investing activities |
| –60,990 | –312,185 |
Cash flow from financing activities |
| 98,219 | –74,703 |
Foreign-currency translation impact |
| 2,982 | 9,981 |
Cash and cash equivalents at end of accounting period |
| 3,415,841 | 2,614,467 |
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Cash flow from operating activities from interest and dividends |
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Interest paid |
| –11,375 | –15,880 |
Interest received |
| 104,386 | 96,315 |
Dividends received |
| 3,993 | 2,419 |
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