Consolidated statement of cash flows

in CHF thousands

2013

2012

Cash flow from / (used in) operating activities

 

 

*

Cash and balances due from banks per 31.12.2012 represented non-current assets held for sale and were reported separately.

Interest received (excluding financial investments)

231'267

276'043

Interest received from financial investments

10'031

12'356

Dividends received from financial investments

920

518

Interest paid

–73'937

–91'732

Fees and commission received

249'058

242'520

Fees and commission paid

–44'128

–38'455

Trading income

27'954

29'312

Other income

20'683

8'665

Payments for personnel, general and administrative expenses

–373'168

–281'185

Other expenses

–90'386

–18'215

Income tax paid

–5'369

–6'968

Cash flow from operating activities before changes in operating assets and liabilities

–47'075

132'859

Net due from / to banks

118'435

1'035'801

Net due from insurance contracts

176'085

13'615

Trading portfolio and net replacement values

803

64

Loans / due to customers

71'846

18'286

Other assets

–14'276

13'807

Liabilities from insurance contracts

249'432

–33'337

Financial liabilities

–376'173

–65'907

Other liabilities

254

4'585

Changes in operating assets and liabilities

226'405

986'914

Net cash flow from / (used in) operating activities

179'329

1'119'773

 

 

 

Cash flow from / (used in) investing activities

 

 

Purchase of property and equipment

–35'570

–29'733

Disposal of property and equipment

54'861

2'074

Purchase of investment property

–6'089

–9'456

Disposal of investment property

4'481

13'049

Purchase of other intangible assets

–2'542

–1'621

Purchase of financial investments

–316'187

–302'386

Disposal of financial investments

260'533

316'120

Purchase of associates

5

0

Disposal of associates

0

350

Net cash flow from / (used in) investing activities

–40'508

–11'603

 

 

 

Cash flow from / (used in) financing activities

 

 

Purchase of treasury shares

–1'071

–258

Disposal of treasury shares

15'143

1'389

Dividends paid

–42'679

–8'526

Coupon tax on old reserves

0

–32'603

Non-controlling interests

–565

–2'875

Increase in shares of Group companies

–7'508

–3'874

Issuance of medium-term debt

177'972

282'723

Repayment of medium-term debt

–296'589

–285'085

Net cash flow from / (used in) financing activities

–155'297

–49'109

 

 

 

Effects of foreign currency translation

1'017

–271

 

 

 

Net increase / (decrease) in cash and cash equivalents

–15'460

1'058'790

 

 

 

Cash and cash equivalents at beginning of the period

3'348'652

2'289'861

Cash and cash equivalents at end of the period

3'333'192

3'348'651

 

 

 

Cash and cash equivalents comprise:

 

 

Cash and balances with central banks

2'075'560

2'164'647

Cash from non-current assets held for sale*

0

12

Due from banks (due daily)

1'257'632

1'157'500

Due from banks (due daily) from non-current assets held for sale*

0

26'492

Total cash and cash equivalents

3'333'192

3'348'651

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