CONSOLIDATED CASH FLOW STATEMENT

	01.01.-30.06.2022	1.1.-30.06.2021
CHF thousand	unaudited	unaudited

Group earnings	33,407	42,356
Income taxes	8,633	9,639
Share of earnings from associates and joint ventures	–316	355
Net financial income	8,096	7,557
Depreciation/amortisation, impairment and reversal of impairment of tangible and intangible assets	27,387	26,980
Gain/loss on the disposals of tangible and intangible assets	89	–149
Change in non-current provisions (without interest)	–12,509	–567
Income from insurance proceeds tangible assets	–6,489	-
Other non-cash income and expenses	–5,605	–765
Dividends from associates and joint ventures	252	258
Income taxes paid	–10,321	–2,042
Other financial cash outflow and inflow	2,764	–3,408
Cash flow from operating activities before changes in net working capital	45,388	80,214

Changes
Inventory	2,220	–3,185
Trade accounts receivable	–44,126	12,613
Other receivables (without income taxes)	–20,008	–15,510
Prepaid expenses and accrued income	139,454	92,216
Replacement values of held for trading positions	–21,452	–4,353
Current provisions	1,655	–38
Trade accounts payable	–23,733	–2,827
Other current liabilities (without income taxes)	–108,838	18,932
Deferred income and accrued expenses	–120,717	–86,486
Cash flow from operating activities	–150,157	91,576

	01.01.-30.06.2022	01.01.-30.06.2021
CHF thousand	unaudited	unaudited


Additions of tangible assets	–27,877	–27,074
Insurance benefits received for tangible assets	6,489	-
Disposals of tangible assets	56	5,521
Additions of current and non-current financial assets	–2,854	–21,186
Disposals of current and non-current financial assets	45,204	20,720
Additions of intangible assets	–2,538	–26,427
Disposals of group companies (less cash and cash equivalents disposed of)	10,321	-
Payments for additions of investments in associates and joint ventures	–5,337	-
Dividends received from third parties	258	2
Interest received	–78	15
Cash flow from investing activities	23,644	–48,429

Increase in financial liabilities	746	8,626
Repayment of financial liabilities	–11,038	–43,245
Dividend payments	–34,452	–22,779
Purchase/sale of treasury shares	-	1
Purchase of minorities	–289	-
Interest paid	–3,918	–3,899
Cash flow from financing activities	–48,951	–61,296

Effect of currency translation	3,780	1,696
Change in cash and cash equivalents	–171,684	–16,453
Cash and cash equivalents at 1 January	370,181	301,244
Cash and cash equivalents at 30 June	198,497	284,791