Consolidated cash flow statement
|
|
|
|
|
|
|
|
|
(CHF million) |
|
|
2023 |
|
2022 |
|
|
Consolidated result |
|
|
|
304.2 |
|
207.0 |
|
Finance result |
|
|
12.2 |
|
20.0 |
|
|
Share of result of associates |
|
|
|
0.0 |
|
0.0 |
|
Income taxes |
|
|
73.5 |
|
33.3 |
|
|
Depreciation, amortisation and impairment of |
|
|
|
|
|
|
|
Property, plant and equipment (after recognition of government subsidies and grants) |
|
|
228.9 |
|
233.8 |
|
|
Right-of-use assets |
|
|
8.8 |
|
8.8 |
|
|
Investment property |
|
|
27.1 |
|
26.9 |
|
|
Intangible assets |
|
|
22.0 |
|
25.9 |
|
|
Gains (–)/losses (+) on disposal of property, plant and equipment (net) |
|
|
|
1.3 |
|
1.6 |
|
Share-based payments |
|
|
|
1.3 |
|
1.6 |
|
Increase (–)/decrease (+) in inventories, trade receivables and other receivables and prepaid expenses |
|
|
|
–19.3 |
|
–78.7 |
|
Increase (+)/decrease (–) in current liabilities, excluding current financial liabilities |
|
|
|
60.3 |
|
25.2 |
|
Increase (+)/decrease (–) in employee benefit obligations |
|
|
|
–5.8 |
|
0.9 |
|
Increase (+)/decrease (–) in provision for formal expropriations plus sound insulation and resident protection |
|
|
|
–13.2 |
|
–12.1 |
|
Increase (+)/decrease (–) in contract liabilities |
|
|
|
38.4 |
|
0.0 |
|
Income tax paid |
|
|
|
–59.1 |
|
–5.5 |
|
Cash flow from operating activities |
|
|
|
680.6 |
|
488.6 |
|
|
|
|
|
|
|
|
|
Investments in property, plant and equipment plus projects in progress |
|
|
|
–381.7 |
|
–179.8 |
|
Investments in investments property |
|
|
|
–10.2 |
|
–41.9 |
|
Investments in airport operator projects |
|
|
|
–45.4 |
|
–13.2 |
|
Investments in other intangible assets |
|
|
|
–0.4 |
|
–0.4 |
|
Investments in financial assets |
|
|
|
–183.9 |
|
–151.1 |
|
Investments in fixed-term deposits |
|
|
|
–764.5 |
|
–404.4 |
|
Repayment of financial assets |
|
|
|
275.4 |
|
99.6 |
|
Repayment of fixed-term deposits |
|
|
|
931.6 |
|
121.3 |
|
Proceeds from disposal of property, plant and equipment |
|
|
|
0.1 |
|
0.1 |
|
Interest received |
|
|
|
9.0 |
|
2.8 |
|
Cash flow from investing activities |
|
|
|
–170.0 |
|
–567.0 |
|
|
|
|
|
|
|
|
|
Repayment of existing debentures |
|
|
–400.0 |
|
–26.6 |
|
|
Issue of liabilities to banks |
|
|
73.6 |
|
2.9 |
|
|
Repayment of liabilities to banks |
|
|
–2.7 |
|
–10.7 |
|
|
Repayment of lease liabilities |
|
|
–9.1 |
|
–8.9 |
|
|
Repayment of liabilities from concession arrangements |
|
|
–0.5 |
|
–10.2 |
|
|
Purchase of treasury shares |
|
|
|
–2.1 |
|
–1.0 |
|
Dividends paid |
|
|
|
–107.5 |
|
0.0 |
|
Interest paid |
|
|
|
–20.9 |
|
–16.2 |
|
Cash flow from financing activities |
|
|
|
–469.1 |
|
–70.7 |
|
|
|
|
|
|
|
|
|
Increase (+)/decrease (–) in cash and cash equivalents |
|
|
|
41.5 |
|
–149.1 |
|
Balance at 1 January |
|
|
261.2 |
|
409.3 |
|
|
Effect of foreign exchange differences on cash and cash equivalents held |
|
|
|
–2.3 |
|
1.1 |
|
Balance as at reporting date |
|
|
300.4 |
|
261.2 |
