CHF thousands | Note | 2011 | 2012 | ||
---|---|---|---|---|---|
Group profit including minority interests | 54,178 | 30,861 | |||
Depreciation/amortisation and impairment | 9/10 | 91,708 | 65,377 | ||
Impairment of non-current assets held for sale | 28 | - | 3,697 | ||
Own costs capitalised | 9/10 | -16,791 | -16,379 | ||
Change in provisions | 20 | -1,646 | 772 | ||
Change in deferred taxes | 7 | -9,775 | -5,582 | ||
Share of results of associates and partner plants | 6 | 9,652 | -504 | ||
Dividends from associates and partner plants | 6 | 337 | 260 | ||
Compound interest from non-current liabilities | 855 | 1,028 | |||
Reversal of prepayments received for transport rights | -54,291 | - | |||
Other income and expenses not affecting cash | 18,184 | 7,644 | |||
Change in net current assets | 24 | 45,877 | -33,625 | ||
Cash flow from operating activities | 138,288 | 53,549 | |||
Property, plant and equipment | - Investments | 9 | -85,773 | -108,896 | |
- Disposals | 5,136 | 3,022 | |||
- Disposals of tangible assets held for sale | 28 | - | 184 | ||
Intangible assets | - Investments | 10 | -6,659 | -5,156 | |
- Disposals | - | - | |||
Group companies | - Investments | 27 | - | - | |
- Disposals | 27 | - | -37 | ||
Investments in associates and partner plants | - Investments | 6 | -1,550 | -332 | |
- Disposals | 6 | 3,739 | 241 | ||
Non-current financial assets | - Investments | 11 | -6,552 | - | |
- Disposals | 100 | 1,183 | |||
Cash flow from investing activities | -91,559 | -109,791 | |||
Additions to financial liabilities | 18 | 10,640 | 8,353 | ||
Repayment of financial liabilities | 18/23 | -50,168 | -24,670 | ||
Dividend payments | -27,225 | -17,027 | |||
Purchase of treasury shares | 28 | - | |||
Sale of treasury shares | -30 | - | |||
Purchase/Sale of minority interest | 20,968 | 4,900 | |||
Capital increase through minority interests | 8,121 | 498 | |||
Cash flow from financing activities | -37,666 | -27,946 | |||
Translation differences | -7,988 | -369 | |||
Change in cash and cash equivalents | 1,075 | -84,557 | |||
Cash and cash equivalents at 1 January | 344,267 | 345,342 | |||
Cash and cash equivalents at 31 December | 345,342 | 260,785 | |||
Cash flow from operating activities covers: | |||||
Interest received | 3,111 | 1,588 | |||
Interest paid | -18,586 | -16,601 | |||
Income taxes paid | -42,316 | -49,982 |
The Notes are an integral part of these consolidated financial statements.