Interim consolidated financial statements of the Repower Group

Consolidated cash flow statement

 

01.01.-30.06.2019

01.01.-30.06.2018

 

unaudited

unaudited

CHF thousand

 

 

 

 

 

Group earnings

49,218

225

Income taxes

3,452

84

Share of earnings from associates and joint ventures

59

1,843

Dividends from associates and joint ventures

5

1

Net financial income

3,528

8,783

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

25,111

22,535

Gain/loss on the disposals of tangible and intangible assets

988

–251

Change in non-current provisions (without interest)

410

578

Change in replacement values of held for trading positions

–7,223

500

Other non-cash income and expenses

–1,159

–1,483

Other financial cash outflow and inflow

314

–9,844

Funds from operations (FFO)

74,703

22,971

 

 

 

Changes

 

 

Inventory

25,130

–12,447

Trade accounts receivable

29,114

55,840

Other receivables (without income taxes)

–12,884

2,143

Prepaid expenses and accrued income

–2,719

–1,575

Current provisions

261

–259

Trade accounts payable

–1,729

–53,444

Other current liabilities (without taxes)

–1,783

2,768

Deferred income and accrued expenses

–1,342

–60

Income taxes

–1,057

–539

Cash flow from operating activities

107,694

15,398

 

01.01.-30.06.2019

01.01.-30.06.2018

 

unaudited

unaudited

CHF thousand

 

 

 

 

 

Additions of tangible assets

–18,503

–8,426

Disposals of tangible assets

47

400

Additions of current and non-current financial assets

–26,464

–91,000

Disposals of current and non-current financial assets

23,915

49,566

Additions of intangible assets

–2,089

–2,660

Dividends received from third parties

3

3

Interest received

256

102

Cash flow from investing activities

–22,835

–52,015

 

 

 

Increase in financial liabilities

8,237

Repayment of financial liabilities

–11,607

–46,677

Dividend payments

–4,873

–841

Purchase/sale of treasury shares

2

Purchase/sale of minorities

–6

Interest paid

–4,158

–4,575

Cash flow from financing activities

–12,407

–52,091

 

 

 

Effect of currency translation

–2,148

–1,850

Change in cash and cash equivalents

70,304

–90,558

Cash and cash equivalents at 1 January

316,314

394,479

Cash and cash equivalents at 30 June

386,618

303,921