Consolidated cash flow statement
|
|
01.01.-30.06.2024 |
01.01.-30.06.2023 |
|
CHF thousand |
unaudited |
unaudited |
|
|
|
Restated |
|
|
|
|
|
Group earnings |
78,324 |
180,581 |
|
Income taxes |
16,602 |
32,660 |
|
Share of earnings from associates and joint ventures |
–50 |
–384 |
|
Net financial income |
1,973 |
6,974 |
|
Depreciation/amortisation, impairment and reversal of impairment of tangible and intangible assets |
28,618 |
27,835 |
|
Gain/loss on the disposals of tangible and intangible assets |
42 |
98 |
|
Change in non-current provisions (without interest) |
–937 |
1,108 |
|
Income from insurance benefits on tangible assets |
–530 |
- |
|
Other non-cash income and expenses |
–1,010 |
–684 |
|
Dividends from associates and joint ventures |
424 |
548 |
|
Income taxes paid |
–27,120 |
–1,755 |
|
Other financial cash outflow and inflow |
–1,895 |
1,710 |
|
Cash flow from operating activities before changes in net working capital |
94,441 |
248,691 |
|
|
|
|
|
Changes |
|
|
|
Inventory |
19,410 |
–45,457 |
|
Trade accounts receivable |
25,972 |
43,510 |
|
Other receivables (without income taxes) |
–13,594 |
28,152 |
|
Prepaid expenses and accrued income |
73,914 |
137,461 |
|
Replacement values of held for trading positions |
11,357 |
–54,776 |
|
Current provisions |
596 |
948 |
|
Trade accounts payable |
–18,022 |
–14,028 |
|
Other current liabilities (without income taxes) |
20,252 |
–7,165 |
|
Deferred income and accrued expenses |
–39,081 |
–131,319 |
|
Cash flow from operating activities |
175,245 |
206,017 |
|
|
01.01.-30.06.2024 |
01.01.-30.06.2023 |
|
CHF thousand |
unaudited |
unaudited |
|
|
|
Restated |
|
|
|
|
|
Additions of tangible assets |
–26,785 |
–51,983 |
|
Subsidies received for power plants |
10 |
334 |
|
Income from insurance benefits on tangible assets |
530 |
- |
|
Disposals of tangible assets |
96 |
1,084 |
|
Additions of current and non-current financial assets |
–84,919 |
–90,906 |
|
Disposals of current and non-current financial assets |
70,000 |
44,616 |
|
Additions of intangible assets |
–1,396 |
–1,948 |
|
Additions of group companies |
–6,058 |
- |
|
Payments for additions of investments in associates and joint ventures |
–1,522 |
–407 |
|
Dividends received from third parties |
313 |
288 |
|
Interest received |
6,524 |
2,376 |
|
Cash flow from investing activities |
–43,207 |
–96,546 |
|
|
|
|
|
Increase in financial liabilities |
69,261 |
73,567 |
|
Repayment of financial liabilities |
–118,757 |
–58,053 |
|
Dividend payments to Repower AG shareholders |
–59,125 |
–36,954 |
|
Dividend payments to minorities |
–622 |
–777 |
|
Purchase/sale of treasury shares |
–6 |
–14 |
|
Interest paid |
–7,282 |
–7,504 |
|
Cash flow from financing activities |
–116,531 |
–29,735 |
|
|
|
|
|
Effect of currency translation |
7,492 |
–198 |
|
Change in cash and cash equivalents |
22,999 |
79,538 |
|
Cash and cash equivalents at 1 January |
360,685 |
282,537 |
|
Cash and cash equivalents at 30 June |
383,684 |
362,075 |
The investments in group companies (less cash and cash equivalents acquired) of CHF 6,058 thousand relate to the acquisition of additional interests in Erreci S.r.l. and Erreci Impianti S.r.l., hitherto valued in accordance with the equity method, while the payments of CHF 1,522 thousand from investments in associates and joint ventures represent the payment of the remaining purchase price of the interest in Elettrostudio Energia S.r.l., acquired the previous year.