Consolidated cash flow statement
|
|
01.01.-30.06.2025 |
01.01.-30.06.2024 |
|
CHF thousand |
unaudited |
unaudited |
|
|
|
Restated *) |
|
|
|
|
|
Group earnings |
46,708 |
78,324 |
|
Income taxes |
11,229 |
16,602 |
|
Share of earnings from associates and joint ventures |
–219 |
–50 |
|
Depreciation/amortisation, impairment and reversal of impairment of tangible and intangible assets |
33,245 |
28,618 |
|
Gain/loss on the disposals of tangible and intangible assets |
–4,313 |
42 |
|
Change in non-current provisions |
1,198 |
–845 |
|
Income from insurance benefits on tangible assets |
- |
–530 |
|
Other non-cash income and expenses |
324 |
366 |
|
Dividends from associates and joint ventures |
509 |
424 |
|
Income taxes paid |
–22,502 |
–27,120 |
|
Cash flow from operating activities before changes in net working capital |
66,179 |
95,831 |
|
|
|
|
|
Changes |
|
|
|
Inventory |
–45 |
19,410 |
|
Trade accounts receivable |
22,388 |
24,276 |
|
Other receivables (without income taxes) |
–11,964 |
–14,473 |
|
Prepaid expenses and accrued income |
116,676 |
74,293 |
|
Replacement values of held for trading positions |
–2,745 |
11,357 |
|
Current provisions |
–633 |
596 |
|
Trade accounts payable |
–26,878 |
–17,838 |
|
Other current liabilities (without income taxes) |
–7,334 |
19,232 |
|
Deferred income and accrued expenses |
–94,118 |
–37,884 |
|
Cash flow from operating activities |
61,526 |
174,800 |
*) See section 1 «Accounting and valuation principles» in the notes.
|
|
01.01.-30.06.2025 |
01.01.-30.06.2024 |
|
CHF thousand |
unaudited |
unaudited |
|
|
|
Restated *) |
|
|
|
|
|
|
|
|
|
Additions of tangible assets |
–50,981 |
–26,785 |
|
Subsidies received for power plants |
440 |
10 |
|
Income from insurance benefits on tangible assets |
- |
530 |
|
Disposals of tangible assets |
6,152 |
96 |
|
Additions of current and non-current financial assets |
–30,583 |
–84,919 |
|
Disposals of current and non-current financial assets |
- |
70,000 |
|
Additions of intangible assets |
–2,331 |
–1,396 |
|
Additions of group companies (less cash and cash equivalents acquired) |
–2,200 |
–6,058 |
|
Proceeds from the disposal of a business unit |
600 |
- |
|
Payments for additions of investments in associates and joint ventures |
–8,861 |
–1,522 |
|
Purchase of minorities |
–181 |
- |
|
Sale of minorities |
30 |
- |
|
Cash flow from investing activities |
–87,915 |
–50,044 |
|
|
|
|
|
Increase in financial liabilities |
65,390 |
69,261 |
|
Repayment of financial liabilities |
–79,490 |
–118,757 |
|
Dividend payments to Repower AG shareholders |
–48,037 |
–59,125 |
|
Dividend payments to minorities |
–615 |
–622 |
|
Purchase/sale of treasury shares |
–22 |
–6 |
|
Cash flow from financing activities |
–62,774 |
–109,249 |
|
|
|
|
|
Effect of currency translation |
–287 |
7,492 |
|
Change in net cash funds |
–89,450 |
22,999 |
|
Net cash funds at 1 January |
362,595 |
360,685 |
|
Net cash funds at 30 June |
273,145 |
383,684 |
*) See section 1 «Accounting and valuation principles» in the notes.
The investments in group companies (less cash and cash equivalents acquired) amounting to CHF 2,200 thousand relate on the one hand to the acquisition of additional shares in Resol Ciminna S.r.l., which was previously carried at equity, and on the other hand to the acquisition of Renewable Community Società Benefit S.r.l. The payments made for investments in associates and joint ventures amounting to CHF 8,861 thousand relate to the investment in ENAG Energiefinanzierungs AG.