Consolidated cash flow statement
|
(CHF million) |
|
Notes |
|
2021 |
|
2020 |
|
Consolidated result |
|
|
|
–10.1 |
|
–69.1 |
|
Finance result |
|
(6) |
|
29.1 |
|
24.8 |
|
Share of result of associates |
|
|
|
3.7 |
|
3.1 |
|
Income tax expense |
|
(7) |
|
–3.6 |
|
–15.4 |
|
Depreciation and amortisation of |
|
|
|
|
|
|
|
Property, plant and equipment (after recognition of government subsidies and grants) |
|
(8) |
|
231.4 |
|
222.1 |
|
Right-of-use assets |
|
(9) |
|
7.3 |
|
8.2 |
|
Investment property |
|
(10) |
|
22.8 |
|
4.8 |
|
Intangible assets |
|
(11) |
|
18.7 |
|
17.6 |
|
Gains (–)/losses (+) on disposal of property, plant and equipment (net) |
|
|
|
0.7 |
|
12.4 |
|
Share-based payments |
|
|
|
0.9 |
|
0.7 |
|
Increase (–)/decrease (+) in inventories, trade receivables and other receivables and prepaid expenses |
|
|
|
–37.7 |
|
–46.9 |
|
Increase (+)/decrease (–) in current liabilities, excluding current financial liabilities |
|
|
|
–20.5 |
|
20.2 |
|
Increase (+)/decrease (–) in employee benefit obligations |
|
|
|
4.8 |
|
9.3 |
|
Increase (+)/decrease (–) in provision for formal expropriations plus sound insulation and resident protection |
|
|
|
–15.5 |
|
–16.9 |
|
Income tax paid |
|
|
|
–0.3 |
|
–27.6 |
|
Cash flow from operating activities |
|
|
|
231.7 |
|
147.3 |
|
|
|
|
|
|
|
|
|
Investments in property, plant and equipment and projects in progress |
|
|
|
–153.8 |
|
–232.1 |
|
Investments in investment property (incl. advance payments) |
|
|
|
–37.6 |
|
–135.5 |
|
Investments in airport operator projects |
|
|
|
–14.6 |
|
–31.0 |
|
Investments in intangible assets |
|
|
|
–0.3 |
|
0.0 |
|
Investments in financial assets |
|
|
|
–6.9 |
|
–22.9 |
|
Investments in fixed-term deposits due > 90 days |
|
|
|
–222.4 |
|
–200.0 |
|
Repayment of financial assets |
|
|
|
48.2 |
|
17.7 |
|
Repayment of fixed-term deposits due > 90 days |
|
|
|
300.0 |
|
37.5 |
|
Proceeds from disposal of property, plant and equipment |
|
|
|
0.2 |
|
0.0 |
|
Interest received |
|
|
|
0.6 |
|
1.1 |
|
Cash flow from investing activities |
|
|
|
–86.6 |
|
–565.1 |
|
|
|
|
|
|
|
|
|
Issue of new debentures |
|
(18) |
|
0.0 |
|
900.0 |
|
Transaction cost issue of new debentures |
|
(18) |
|
0.0 |
|
–1.9 |
|
Repayment of debentures |
|
(18) |
|
0.0 |
|
–300.0 |
|
Issue of liabilities to banks |
|
(18) |
|
5.0 |
|
170.2 |
|
Repayment of liabilities to banks |
|
(18) |
|
–68.0 |
|
–82.5 |
|
Issue of other financial liabilities |
|
(18) |
|
0.8 |
|
20.4 |
|
Repayment of other financial liabilities |
|
(18) |
|
0.0 |
|
–40.0 |
|
Repayment of lease liabilities |
|
(18) |
|
–7.5 |
|
–6.8 |
|
|
|
(18) |
|
–0.8 |
|
0.0 |
|
Purchase of treasury shares |
|
|
|
–0.2 |
|
–1.1 |
|
Interest paid |
|
|
|
–13.8 |
|
–17.1 |
|
Cash flow from financing activities |
|
|
|
–84.5 |
|
641.2 |
|
|
|
|
|
|
|
|
|
Increase (+)/decrease (–) in cash and cash equivalents |
|
|
|
60.6 |
|
223.3 |
|
Balance at 1 January |
|
(16) |
|
351.2 |
|
132.4 |
|
Effect of foreign exchange differences on cash and cash equivalents held |
|
|
|
–2.5 |
|
–4.5 |
|
Balance as at reporting date |
|
(16) |
|
409.3 |
|
351.2 |
