Consolidated cash flow statement
|
|
|
|
|
|
|
|
|
(CHF million) |
|
|
First half 2024 |
|
First half 2023 |
|
|
Consolidated result |
|
|
|
151.8 |
|
138.1 |
|
Finance result |
|
|
8.6 |
|
8.6 |
|
|
Share of result of associates |
|
|
|
0.0 |
|
0.0 |
|
Income taxes |
|
|
|
42.6 |
|
34.5 |
|
Depreciation and amortisation of |
|
|
|
|
|
|
|
Property, plant and equipment (after recognition of government subsidies and grants) |
|
|
114.6 |
|
113.8 |
|
|
Right-of-use assets |
|
|
4.4 |
|
4.4 |
|
|
Investment property |
|
|
13.7 |
|
13.4 |
|
|
Intangible assets |
|
|
11.1 |
|
11.0 |
|
|
Gains (–)/losses (+) on disposal of property, plant and equipment (net) |
|
|
|
0.4 |
|
0.2 |
|
Share-based payments |
|
|
|
0.7 |
|
0.2 |
|
Increase (–)/decrease (+) in inventories, trade receivables and other receivables and prepaid expenses |
|
|
|
–24.8 |
|
–28.6 |
|
Increase (+)/decrease (–) in current liabilities, excluding current financial liabilities |
|
|
|
2.2 |
|
39.6 |
|
Increase (+)/decrease (–) in employee benefit obligations |
|
|
|
–0.6 |
|
–2.1 |
|
Increase (+)/decrease (–) in provision for formal expropriations plus sound insulation and resident protection |
|
|
|
–4.0 |
|
–2.7 |
|
Income tax paid |
|
|
|
–46.7 |
|
–14.1 |
|
Cash flow from operating activities |
|
|
|
273.9 |
|
316.3 |
|
|
|
|
|
|
|
|
|
Investments in property, plant and equipment plus projects in progress |
|
|
|
–200.1 |
|
–147.9 |
|
Investments in investment property |
|
|
|
–2.6 |
|
–0.3 |
|
Investments in airport operator projects |
|
|
|
–72.3 |
|
–14.2 |
|
Investments in other intangible assets |
|
|
|
–0.4 |
|
–0.5 |
|
Investments in financial assets |
|
|
|
–119.5 |
|
–38.8 |
|
Investments in fixed-term deposits |
|
|
|
0.0 |
|
–300.5 |
|
Repayment of financial assets |
|
|
|
117.2 |
|
73.0 |
|
Repayment of fixed-term deposits |
|
|
|
239.0 |
|
606.5 |
|
Interest received |
|
|
|
4.7 |
|
3.3 |
|
Cash flow from investing activities |
|
|
|
–34.1 |
|
180.8 |
|
|
|
|
|
|
|
|
|
Repayment of existing debentures |
|
|
|
–300.0 |
|
–400.0 |
|
Issue of liabilities to banks |
|
|
|
177.6 |
|
16.6 |
|
Repayment of liabilities to banks |
|
|
|
–11.7 |
|
–3.9 |
|
Increase in other financial liabilities |
|
|
|
2.3 |
|
0.0 |
|
Repayment of liabilities from concession agreements |
|
|
|
–0.2 |
|
0.0 |
|
Repayment of lease liabilities |
|
|
|
–4.5 |
|
–4.7 |
|
Payment of dividend for the 2023/2022 financial years |
|
|
|
–162.7 |
|
–107.5 |
|
Purchase of treasury shares |
|
|
|
–0.8 |
|
–2.0 |
|
Interest paid |
|
|
|
–6.5 |
|
–14.9 |
|
Cash flow from financing activities |
|
|
|
–306.5 |
|
–516.4 |
|
|
|
|
|
|
|
|
|
Increase (+)/decrease (–) in cash and cash equivalents |
|
|
|
–66.8 |
|
–19.3 |
|
Balance at 1 January |
|
|
300.4 |
|
261.2 |
|
|
Effect of foreign exchange differences on cash and cash equivalents held |
|
|
|
–1.2 |
|
1.4 |
|
Balance as at reporting date |
|
|
232.4 |
|
243.2 |
|
|
of which included in Airport Zurich Noise Fund |
|
|
40.4 |
|
9.7 |
All financial data presented here are unaudited.
