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Consolidated cash flow statement
CHF (thousands) | Note | 2017 | 2016 |
---|---|---|---|
Annual profit | 41,601 | 30,964 | |
Depreciation of tangible assets | 5 | 33,399 | 33,833 |
Amortisation of intangible assets | 6 | 1,306 | 914 |
Change of provisions | 10 | -293 | 269 |
Book profits from the sale of fixed assets | -11 | -28 | |
Results from associated companies | 2 | 3 | |
Badwill from the acquisition of subsidiary shares | 21 | -9 | -2,440 |
Value adjustment of financial assets | 4 | 319 | 3 |
Other non-cash items [1] | 2,024 | 1,289 | |
Cash flow before change in net current assets | 78,338 | 64,807 | |
Increase / decrease in receivables from deliveries and services | -1,874 | 1,444 | |
Increase in other current receivables | 2 | -11,279 | -2,129 |
Increase in inventories [2] | -520 | -14 | |
Increase / decrease in accrued income | 402 | 920 | |
Increase /decrease in liabilities from deliveries and services | -5,741 | 8,462 | |
Increase / decrease in other short-term liabilities | 269 | 1,253 | |
Decrease/increase in deferred income | 3,998 | -6,224 | |
Cash flow from operating activities | 63,593 | 68,519 | |
Investments in tangible assets [3] | 5 | -31,196 | -44,610 |
Investments in financial assets | 4 | -3 | -3,980 |
Acquisition of subsidiaries less cash [2] [3] | -335 | 0 | |
Investments in intangible assets | 6 | -1,425 | -3,303 |
Divestment of tangible assets | 766 | 642 | |
Divestment of financial assets | 2,437 | 843 | |
Cash flow from investing activities | -29,756 | -50,408 | |
Free cash flow | 33,837 | 18,111 | |
Increase in financial liabilities | 8 | 4,168 | 5,509 |
Repayment of financial liabilities | 8 | -740 | -740 |
Founding of Grindelwald Grund Infrastruktur AG | 0 | 40 | |
Purchase of minority shares | -6 | -418 | |
Investment in own shares incl. transaction costs | -2,244 | -1,954 | |
Divestment of own shares | 697 | 886 | |
Transaction costs for divestment of own shares | -2 | -4 | |
Profit distribution to minority interests | -23 | -23 | |
Profit distribution to Jungfraubahn Holding AG | -12,244 | -11,654 | |
Cash flow from financing activities | -10,394 | -8,358 | |
Change in liquid assets | 23,443 | 9,753 | |
Liquid funds 1 January | 58,841 | 49,088 | |
Liquid funds 31 December | 82,284 | 58,841 | |
Change in liquid assets | 23,443 | 9,753 |
[1] Equity compensation programme for administration board, management and employees
[2] Increase in inventories due to acquisition of Jungfrau Gastronomie AG kCHF 60
[3] Increase in tangible assets due to acquisition of Jungfrau Gastronomie AG kCHF 275