Consolidated cash flow statement
|
(CHF 1,000) |
|
Notes |
|
2020 |
|
2019 |
|
Consolidated result |
|
|
|
–69,119 |
|
309,145 |
|
Finance result |
|
(6) |
|
24,815 |
|
14,010 |
|
Share of profit or loss of associates |
|
|
|
3,101 |
|
2,548 |
|
Income tax expense |
|
(7) |
|
–15,363 |
|
77,413 |
|
Depreciation/amortisation of |
|
|
|
|
|
|
|
Property, plant and equipment (after recognition of government subsidies and grants) |
|
(8) |
|
222,067 |
|
214,702 |
|
Right-of-use assets |
|
(9) |
|
8,165 |
|
6,262 |
|
Investment property |
|
(10) |
|
4,776 |
|
120 |
|
Intangible assets |
|
(11) |
|
17,582 |
|
17,635 |
|
Gains (–)/losses (+) on disposal of property, plant and equipment (net) |
|
|
|
12,409 |
|
928 |
|
Share-based payments |
|
|
|
719 |
|
1,021 |
|
Increase (–)/decrease (+) in inventories, trade receivables and other receivables and prepaid expenses |
|
|
|
–46,867 |
|
–27,552 |
|
Increase (+)/decrease (–) in current liabilities, excluding current financial liabilities |
|
|
|
20,229 |
|
–3,847 |
|
Increase (+)/decrease (–) in employee benefit obligations |
|
|
|
9,303 |
|
3,107 |
|
Increase (+)/decrease (–) in provision for formal expropriations plus sound insulation and resident protection |
|
|
|
–16,893 |
|
–21,269 |
|
Income tax paid |
|
|
|
–27,646 |
|
–82,486 |
|
Cash flow from operating activities |
|
|
|
147,278 |
|
511,737 |
|
of which related to aircraft noise (Airport of Zurich Noise Fund) |
|
|
|
–11,911 |
|
–8,895 |
|
Income from noise charges |
|
(20) |
|
5,701 |
|
12,733 |
|
Expenses for formal expropriations plus sound insulation and resident protection |
|
(20) |
|
–17,612 |
|
–21,628 |
|
|
|
|
|
|
|
|
|
Investments in property, plant and equipment and projects in progress |
|
|
|
–232,064 |
|
–432,890 |
|
Investments in investment property (incl. advance payments) |
|
|
|
–135,504 |
|
–104,987 |
|
Investments in airport operator projects |
|
|
|
–30,953 |
|
–235,279 |
|
Investments in intangible assets |
|
|
|
0 |
|
–859 |
|
Investments in financial assets |
|
|
|
–22,864 |
|
–28,239 |
|
Investments in fixed-term deposits due > 90 days |
|
|
|
–200,000 |
|
–6,500 |
|
Repayment of financial assets |
|
|
|
17,651 |
|
23,360 |
|
Repayment of fixed-term deposits due > 90 days |
|
|
|
37,500 |
|
149,167 |
|
Proceeds from disposal of property, plant and equipment |
|
|
|
48 |
|
126 |
|
Interest received |
|
|
|
1,076 |
|
7,790 |
|
Cash flow from investing activities |
|
|
|
–565,110 |
|
–628,311 |
|
of which related to aircraft noise (Airport of Zurich Noise Fund) |
|
|
|
–5,714 |
|
–3,436 |
|
Investments in financial assets and fixed-term deposits (Airport of Zurich Noise Fund) |
|
|
|
–22,864 |
|
–26,796 |
|
Repayment of current financial assets and fixed-term deposits (Airport of Zurich Noise Fund) |
|
|
|
17,150 |
|
23,360 |
|
|
|
|
|
|
|
|
|
Issue of new debentures |
|
(18) |
|
900,000 |
|
0 |
|
Transaction cost issue of new debentures |
|
(18) |
|
–1,936 |
|
0 |
|
Repayment of debentures |
|
(18) |
|
–300,000 |
|
–38,204 |
|
Issue of liabilities to banks |
|
(18) |
|
170,189 |
|
111,640 |
|
Repayment of liabilities to banks |
|
(18) |
|
–82,523 |
|
–3,297 |
|
Issue of other financial liabilities |
|
(18) |
|
20,400 |
|
40,000 |
|
Repayment of other financial liabilities |
|
(18) |
|
–40,000 |
|
0 |
|
Repayment of lease liabilities |
|
(18) |
|
–6,779 |
|
–5,797 |
|
Payment of dividend for the 2019/2018 financial years |
|
|
|
0 |
|
–211,835 |
|
Purchase of treasury shares |
|
|
|
–1,078 |
|
–1,467 |
|
Interest paid |
|
|
|
–17,112 |
|
–24,902 |
|
Cash flow from financing activities |
|
|
|
641,161 |
|
–133,862 |
|
|
|
|
|
|
|
|
|
Increase (+)/decrease (–) in cash and cash equivalents |
|
|
|
223,329 |
|
–250,436 |
|
Balance at 1 January |
|
(16) |
|
132,428 |
|
395,872 |
|
Effect of foreign exchange differences on cash and cash equivalents held |
|
|
|
–4,543 |
|
–13,008 |
|
Balance as at reporting date |
|
(16) |
|
351,214 |
|
132,428 |
|
of which included in Airport of Zurich Noise Fund |
|
(16) |
|
3,943 |
|
18,092 |
