Interim consolidated financial statements of the Repower Group

Consolidated cash flow statement

 

01.01.-30.06.2018

01.01.-30.06.2017

 

unaudited

unaudited

CHF thousand

 

 

 

 

 

Group earnings

225

952

Income taxes

84

9,195

Share of earnings from associates and joint ventures

1,843

1,999

Dividends from associates and joint ventures

1

Net financial income

8,783

9,773

Depreciation/amortisation, impairment and reversal of impairment of tangible and intangible assets

22,535

22,087

Gain/loss on the disposals of tangible and intangible assets

–251

–2,162

Change in non-current provisions (without interest)

578

–630

Change in replacement values of held for trading positions

500

–533

Other non-cash income and expenses

–1,483

–392

Other financial cash outflow and inflow

–9,844

–3,330

Funds from operations (FFO)

22,971

36,959

 

 

 

Changes

 

 

Inventory

–12,447

–2,619

Trade accounts receivable

55,840

45,213

Other receivables (without income taxes)

2,143

3,770

Prepaid expenses and accrued income

–1,575

–614

Current provisions

–259

51

Trade accounts payable

–53,444

–56,492

Other current liabilities (without taxes)

2,768

–3,036

Deferred income and accrued expenses

–60

–2,234

Income taxes

–539

858

Cash flow from operating activities

15,398

21,856

 

01.01.-30.06.2018

01.01.-30.06.2017

 

unaudited

unaudited

CHF thousand

 

 

 

 

 

Additions of tangible assets

–8,426

–9,326

Disposals of tangible assets

400

13,299

Additions of current and non-current financial assets

–91,000

–108,000

Disposals of current and non-current financial assets

49,566

15,318

Additions of intangible assets

–2,660

–1,495

Disposals of group companies (less cash and cash equivalents disposed of)

4,612

Dividends received from third parties

3

3

Interest received

102

98

Cash flow from investing activities

–52,015

–85,491

 

 

 

Increase in financial liabilities

115,126

Repayment of financial liabilities

–46,677

–32,348

Dividend payments

–841

–553

Purchase/sale of treasury shares

2

–18

Sale of minorities

5,721

Interest paid

–4,575

–3,297

Cash flow from financing activities

–52,091

84,631

 

 

 

Effect of currency translation

–1,850

2,966

Change in cash and cash equivalents

–90,558

23,962

Cash and cash equivalents at 1 January

394,479

318,171

Cash and cash equivalents at 30 June

303,921

342,133