REPOWER

Consolidated cash flow statement

Consolidated cash flow statement

Consolidated cash flow statement
CHF thousands   Note 2010 2011
      Restated*  
           
  Group profit including minority interests   76,698 54,178
  Depreciation/amortisation and impairment 9/10 56,217 91,708
  Own costs capitalised 9/10 -14,787 -16,791
  Change in provisions 20 -561 -17,948
  Change in deferred taxes 7 -5,302 -9,775
  Share of results of associates and partner plants 6 -2,190 9,652
  Compound interest from non-current liabilities   869 855
  Dividends from associates and partner plants 6 315 337
  Reversal of prepayment received for transport rights   -1,520 -54,291
  Other income and expenses not affecting cash   13,791 18,184
  Change in inventories 12 -192 -8,371
  Change in receivables 13 -36,338 -145,971
  Change in prepaid expenses and accrued income 24 -3,241 10,700
  Change in liabilities   32,793 197,511
  Change in deferred income and accrued expenses 24 11,619 825
  Change in replacement values, held-for-trading positions 15 -9,626 3,087
  Change in securities and other financial instruments 14 -3,593 4,398
Cash flow from operating activities     114,952 138,288
           
  Property, plant and equipment - Investments 9 -72,701 -85,773
    - Disposals   19,903 5,136
  Intangible assets - Investments 10 -6,353 -6,659
    - Disposals   - -
  Group companies - Investments 27 -83,500 -
    - Disposals 27 2,798 -
  Investments in associates and partner plants - Investments 6 -12,656 -1,550
    - Disposals   - 3,739
  Non-current financial assets - Investments 11 -492 -6,552
    - Disposals   - 100
Cash flow from investing activities     -153,001 -91,559
           
  Additions to financial liabilities 18 134,437 10,640
  Repayment of financial liabilities 18/23 -47,168 -50,168
  Dividend payments   -27,204 -27,225
  Purchase of treasury shares   -1,293 28
  Sale of treasury shares   1,254 -30
  Purchase/Sale of minority interest     -404 20,968
  Capital increase through minority interests   69 8,121
Cash flow from financing activities     59,691 -37,666
           
Translation differences   -11,757 -7,988
           
Change in cash and cash equivalents     9,885 1,075
Cash and cash equivalents at 1 January     334,382 344,267
Cash and cash equivalents at 31 December     344,267 345,342
           
Cash flow from operating activities covers:      
  Interest received     1,994 3,111
  Interest paid     -15,277 -18,586
  Income taxes paid     -29,013 -42,316

The Notes are an integral part of these consolidated financial statements.

* See Note 30