Consolidated cash flow statement
|
(CHF 1,000) 1) |
|
Notes |
|
First half 2020 |
|
First half 2019 |
|
Consolidated result |
|
|
|
–27,514 |
|
143,398 |
|
Finance result |
|
(4) |
|
12,876 |
|
3,731 |
|
Share of profit or loss of associates |
|
|
|
1,559 |
|
1,784 |
|
Income tax expense |
|
|
|
–5,297 |
|
38,795 |
|
Depreciation / amortisation of |
|
|
|
|
|
|
|
Property, plant and equipment (after recognition of government subsidies and grants) |
|
(5) |
|
109,387 |
|
105,403 |
|
Right-of-use assets |
|
|
|
4,379 |
|
1,915 |
|
Investment property |
|
(6) |
|
466 |
|
120 |
|
Intangible assets |
|
(7) |
|
9,036 |
|
8,511 |
|
Gains (–) / losses (+) on disposal of property, plant and equipment (net) |
|
|
|
471 |
|
928 |
|
Share-based payments |
|
|
|
403 |
|
521 |
|
Increase (–) / decrease (+) in inventories, trade receivables and other receivables and prepaid expenses |
|
|
|
26,220 |
|
–20,053 |
|
Increase (+) / decrease (–) in current liabilities, excluding current financial liabilities |
|
|
|
–2,541 |
|
–14,219 |
|
Increase (+) / decrease (–) in employee benefit obligations |
|
|
|
3,503 |
|
1,456 |
|
Increase (+) / decrease (–) in provision for formal expropriations plus sound insulation and resident protection |
|
|
|
–4,042 |
|
–8,480 |
|
Income tax paid |
|
|
|
–131 |
|
–63,027 |
|
Cash flow from operating activities |
|
|
|
128,775 |
|
200,783 |
|
of which related to aircraft noise (Airport of Zurich Noise Fund) |
|
|
|
–250 |
|
–3,342 |
|
Income from noise charges |
|
(12) |
|
4,142 |
|
5,287 |
|
Expenses for formal expropriations plus sound insulation and resident protection |
|
(12) |
|
–4,392 |
|
–8,629 |
|
|
|
|
|
|
|
|
|
Investments in property, plant and equipment (projects in progress) |
|
|
|
–120,249 |
|
–93,352 |
|
Investments in investments property (incl. advance payments) |
|
|
|
–70,828 |
|
–40,726 |
|
Investments in airport operator projects |
|
|
|
–10,599 |
|
–65,208 |
|
Investments in other intangible assets |
|
|
|
–1,497 |
|
–847 |
|
Investments in financial assets |
|
|
|
–23,130 |
|
–16,235 |
|
Investments in fixed-term deposits due > 90 days |
|
|
|
–200,000 |
|
–6,567 |
|
Repayment of financial assets |
|
|
|
17,932 |
|
3,360 |
|
Repayment of fixed-term deposits due > 90 days |
|
|
|
37,500 |
|
76,667 |
|
Proceeds from disposal of property, plant and equipment |
|
|
|
13 |
|
17 |
|
Interest received |
|
|
|
424 |
|
3,424 |
|
Cash flow from investing activities |
|
|
|
–370,434 |
|
–139,467 |
|
of which related to aircraft noise (Airport of Zurich Noise Fund) |
|
|
|
–5,714 |
|
–12,790 |
|
Investments in financial assets and fixed-term deposits Airport of Zurich Noise Fund |
|
|
|
–22,864 |
|
–16,150 |
|
Repayment of current financial assets and fixed-term deposits Airport of Zurich Noise Fund |
|
|
|
17,150 |
|
3,360 |
|
|
|
|
|
|
|
|
|
Issue of new debentures |
|
(10) |
|
700,000 |
|
0 |
|
Transaction cost issue of new debentures |
|
|
|
–1,263 |
|
0 |
|
Repayment of other financial liabilities |
|
|
|
–121,622 |
|
–39,639 |
|
Increase of other financial liabilities |
|
|
|
172,699 |
|
90,825 |
|
Repayment of lease liabilities |
|
|
|
–3,484 |
|
–900 |
|
Payment of dividend for the 2019 / 2018 financial years |
|
|
|
0 |
|
–211,825 |
|
Purchase of treasury shares |
|
|
|
–1,040 |
|
–1,173 |
|
Interest paid |
|
|
|
–9,148 |
|
–10,130 |
|
Cash flow from financing activities |
|
|
|
736,142 |
|
–172,842 |
|
|
|
|
|
|
|
|
|
Increase (+) / decrease (–) in cash and cash equivalents |
|
|
|
494,483 |
|
–111,526 |
|
Balance at 1 January |
|
(9) |
|
132,428 |
|
395,872 |
|
Effect of foreign exchange differences on cash and cash equivalents held |
|
|
|
–4,574 |
|
–4,217 |
|
Balance as at reporting date |
|
(9) |
|
622,337 |
|
280,129 |
|
of which included in Airport of Zurich Noise Fund |
|
(9) |
|
12,512 |
|
13,516 |
1) All financial data presented here are unaudited.
