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Consolidated statement of cash flows (unaudited)

In CHF million   Note   31.03.2022   31.03.2021
Net income       447   638
Income tax expense       103   102
Result of equity-accounted investees       1  
Financial income   6    (37)   (264)
Financial expense   6    35   40
Depreciation and amortisation of property, plant and equipment and intangible assets       522   538
Depreciation of right-of-use assets       66   70
Gain on sale of property, plant and equipment         (3)
Revenue from finance leases       (18)   (12)
Proceeds from finance leases receivables       7   21
Change in deferred gain from the sale and leaseback of real estate       (1)   (7)
Change in operating assets and liabilities   7    (244)   (13)
Change in provisions       (19)   (1)
Change in defined benefit obligations       16   12
Interest received       1  
Interest payments for financial liabilities       (12)   (13)
Interest payments for lease liabilities       (11)   (11)
Income taxes paid       (189)   (198)
Cash flow from operating activities       667   899
Purchase of property, plant and equipment and intangible assets       (519)   (535)
Sale of property, plant and equipment and intangible assets       1   4
Acquisition of subsidiaries, net of cash and cash equivalents acquired       (62)   (10)
Expenditure for equity-accounted investees       (1)   (1)
Procedes from sale of equity-accounted investees         126
Purchase of other financial assets       (36)   (6)
Proceeds from other financial assets       3  
Other cash flows from investing activities       (1)   (3)
Cash flow used in investing activities       (615)   (425)
Issuance of financial liabilities   5    2   1
Repayment of financial liabilities   5    (32)   (198)
Repayment of lease liabilities       (86)   (93)
Other cash flows from financing activities       (3)   (4)
Cash flow used in financing activities       (119)   (294)
(Net decrease) net increase in cash and cash equivalents       (67)   180
Cash and cash equivalents at 1 January       401   340
Foreign currency translation adjustments in respect of cash and cash equivalents       (1)   4
Cash and cash equivalents at the end of financial period       333   524