Consolidated cash flow statement
|
(CHF 1,000) 1) |
|
Notes |
|
First half 2021 |
|
First half 2020 |
|
Consolidated result |
|
|
|
–45,109 |
|
–27,514 |
|
Finance result |
|
(4) |
|
11,489 |
|
12,876 |
|
Share of result of associates |
|
|
|
2,116 |
|
1,559 |
|
Income tax expense |
|
|
|
–11,081 |
|
–5,297 |
|
Depreciation/amortisation of |
|
|
|
|
|
|
|
Property, plant and equipment (after recognition of government subsidies and grants) |
|
(5) |
|
112,634 |
|
109,387 |
|
Right-of-use assets |
|
|
|
3,667 |
|
4,379 |
|
Investment property |
|
(6) |
|
9,561 |
|
466 |
|
Intangible assets |
|
(7) |
|
8,931 |
|
9,036 |
|
Gains (–)/losses (+) on disposal of property, plant and equipment (net) |
|
|
|
182 |
|
471 |
|
Share-based payments |
|
|
|
478 |
|
403 |
|
Increase (–)/decrease (+) in inventories, trade receivables and other receivables and prepaid expenses |
|
|
|
10,161 |
|
26,220 |
|
Increase (+)/decrease (–) in current liabilities, excluding current financial liabilities |
|
|
|
–32,269 |
|
–2,541 |
|
Increase (+)/decrease (–) in employee benefit obligations |
|
|
|
3,321 |
|
3,503 |
|
Increase (+)/decrease (–) in provision for formal expropriations plus sound insulation and resident protection |
|
|
|
–3,681 |
|
–4,042 |
|
Income tax paid |
|
|
|
–681 |
|
–131 |
|
Cash flow from operating activities |
|
|
|
69,719 |
|
128,775 |
|
|
|
|
|
|
|
|
|
Investments in property, plant and equipment plus projects in progress |
|
|
|
–84,929 |
|
–120,249 |
|
Investments in investments property (incl. advance payments) |
|
|
|
–18,323 |
|
–70,828 |
|
Investments in airport operator projects |
|
|
|
–5,323 |
|
–10,599 |
|
Investments in other intangible assets |
|
|
|
–166 |
|
–1,497 |
|
Investments in financial assets |
|
|
|
8 |
|
–23,130 |
|
Investments in fixed-term deposits due > 90 days |
|
|
|
–2,862 |
|
–200,000 |
|
Repayment of financial assets |
|
|
|
20,000 |
|
17,932 |
|
Repayment of fixed-term deposits due > 90 days |
|
|
|
75,000 |
|
37,500 |
|
Proceeds from disposal of property, plant and equipment |
|
|
|
5 |
|
13 |
|
Interest received |
|
|
|
442 |
|
424 |
|
Cash flow from investing activities |
|
|
|
–16,148 |
|
–370,434 |
|
|
|
|
|
|
|
|
|
Issue of new debentures |
|
(10) |
|
0 |
|
700,000 |
|
Transaction cost issue of new debentures |
|
|
|
0 |
|
–1,263 |
|
Issue of liabilities to banks |
|
|
|
3,120 |
|
140,000 |
|
Repayment of liabilities to banks |
|
|
|
–62,377 |
|
–80,000 |
|
Increase of other financial liabilities |
|
|
|
316 |
|
32,699 |
|
Repayment of other financial liabilities |
|
|
|
0 |
|
–41,622 |
|
Repayment of lease liabilities |
|
|
|
–3,729 |
|
–3,484 |
|
Payment of dividend for the 2020/2019 financial years |
|
|
|
0 |
|
0 |
|
Purchase of treasury shares |
|
|
|
–179 |
|
–1,040 |
|
Interest paid |
|
|
|
–7,015 |
|
–9,148 |
|
Cash flow from financing activities |
|
|
|
–69,864 |
|
736,142 |
|
|
|
|
|
|
|
|
|
Increase (+)/decrease (–) in cash and cash equivalents |
|
|
|
–16,293 |
|
494,483 |
|
Balance at 1 January |
|
(9) |
|
351,214 |
|
132,428 |
|
Effect of foreign exchange differences on cash and cash equivalents held |
|
|
|
627 |
|
–4,574 |
|
Balance as at reporting date |
|
(9) |
|
335,548 |
|
622,337 |
|
of which included in Airport of Zurich Noise Fund |
|
(9) |
|
8,892 |
|
12,512 |
1) All financial data presented here are unaudited.
