Consolidated cash flow statement
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(CHF million) 1) |
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Notes |
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First half 2023 |
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First half 2022 |
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Consolidated result |
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138.1 |
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55.4 |
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Finance result |
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(3) |
|
8.6 |
|
26.9 |
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Share of result of associates |
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0.0 |
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0.0 |
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Income taxes |
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|
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34.5 |
|
14.0 |
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Depreciation and amortisation of |
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Property, plant and equipment (after recognition of government subsidies and grants) |
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(4) |
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113.8 |
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113.9 |
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Right-of-use assets |
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(5) |
|
4.4 |
|
4.4 |
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Investment property |
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(6) |
|
13.4 |
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13.0 |
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Intangible assets |
|
(7) |
|
11.0 |
|
10.7 |
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Gains (–)/losses (+) on disposal of property, plant and equipment (net) |
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0.2 |
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0.0 |
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Share-based payments |
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0.2 |
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0.5 |
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Increase (–)/decrease (+) in inventories, trade receivables and other receivables and prepaid expenses |
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|
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–28.6 |
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–11.0 |
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Increase (+)/decrease (–) in current liabilities, excluding current financial liabilities |
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|
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39.6 |
|
13.0 |
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Increase (+)/decrease (–) in employee benefit obligations |
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–2.1 |
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0.2 |
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Increase (+)/decrease (–) in provision for formal expropriations plus sound insulation and resident protection |
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–2.7 |
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–2.6 |
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Income tax paid |
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–14.1 |
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–3.8 |
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Cash flow from operating activities |
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|
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316.3 |
|
234.6 |
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|
|
|
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|
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Investments in property, plant and equipment plus projects in progress |
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–147.9 |
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–68.0 |
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Investments in investments property |
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–0.3 |
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–34.2 |
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Investments in airport operator projects |
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–14.2 |
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–3.2 |
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Investments in other intangible assets |
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–0.5 |
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–0.2 |
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Investments in financial assets |
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–38.8 |
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–46.5 |
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Investments in fixed-term deposits |
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–300.5 |
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–101.1 |
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Repayment of financial assets |
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73.0 |
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15.4 |
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Repayment of fixed-term deposits |
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|
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606.5 |
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1.4 |
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Interest received |
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|
|
3.3 |
|
1.6 |
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Cash flow from investing activities |
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180.8 |
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–234.8 |
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|
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Repayment of existing debentures |
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–400.0 |
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0.0 |
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Issue of liabilities to banks |
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16.6 |
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4.9 |
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Repayment of liabilities to banks |
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–3.9 |
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–4.5 |
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Increase of other financial liabilities |
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0.0 |
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1.4 |
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Repayment of lease liabilities |
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–4.7 |
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–7.4 |
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Payment of dividend for the 2022/2021 financial years |
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–107.5 |
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0.0 |
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Purchase of treasury shares |
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–2.0 |
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–0.9 |
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Interest paid |
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–14.9 |
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–10.8 |
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Cash flow from financing activities |
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|
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–516.4 |
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–17.3 |
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Increase (+)/decrease (–) in cash and cash equivalents |
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–19.3 |
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–17.5 |
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Balance at 1 January |
|
(8) |
|
261.2 |
|
409.3 |
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Effect of foreign exchange differences on cash and cash equivalents held |
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|
|
1.4 |
|
0.7 |
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Balance as at reporting date |
|
(8) |
|
243.3 |
|
392.5 |
|
of which included in Airport Zurich Noise Fund |
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(8) |
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9.7 |
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17.5 |
1) All financial data presented here are unaudited.
