Financial statements Swiss GAAP FER
Cash flow statement
| In millions of CHF, excluding balance sheet items held on a fiduciary basis | Notes | 2022 | 2021 |
|---|---|---|---|
| Net income | 96.4 | 106.2 | |
| Financial expenses | 11 | 14.7 | 53.5 |
| Financial income | 10 | –1.7 | –0.9 |
| Current income taxes | 12 | 20.2 | 25.8 |
| Depreciation and amortisation | 13 | 154.4 | 179.0 |
| Profit/loss from disposal of fixed assets | 13 | 1.3 | – |
| Change in inventories | 0.1 | – | |
| Change in provisions | 21 | –9.1 | 17.3 |
| Change in trade accounts receivable | –53.8 | –55.3 | |
| Change in other receivables | –39.5 | –5.5 | |
| Change in prepaid expenses and accrued income | –47.5 | –14.2 | |
| Change in volume- and tariff-related timing differences | 15 | –425.1 | –279.7 |
| Change in trade accounts payable | 187.0 | 112.0 | |
| Change in other current liabilities | –1.7 | –0.5 | |
| Change in accrued expenses and deferred income | –22.0 | 53.5 | |
| Interest received | 0.2 | – | |
| Income taxes paid | –23.2 | –19.0 | |
| Cash flow from operating activities | –149.3 | 172.2 | |
| Gross investments in property, plant and equipment | –232.6 | –190.3 | |
| Congestion proceeds received for grid investments | 226.6 | 3.1 | |
| Net investments in property, plant and equipment | 13 | –6.0 | –187.2 |
| Divestment in property, plant and equipment | – | 1.1 | |
| Gross investments in intangible assets | –24.8 | –18.3 | |
| Congestion proceeds received for grid investments | 24.1 | – | |
| Net investments in intangible assets | 13 | –0.7 | –18.3 |
| Investments in financial assets | –0.5 | – | |
| Divestments of financial assets | 2.7 | – | |
| Dividends received | 0.6 | 0.5 | |
| Cash flow from investing activities | –3.9 | –203.9 | |
| Change in current financial liabilities | –54.6 | –170.9 | |
| Issuing of bonds | 175.0 | 360.0 | |
| Interest paid | –13.9 | –47.0 | |
| Dividends paid | –53.1 | –37.9 | |
| Cash flow from financing activities | 53.4 | 104.2 | |
| Change in cash and cash equivalents | –99.8 | 72.5 | |
| Composition | |||
| Cash and cash equivalents at beginning of period | 272.6 | 200.1 | |
| Cash and cash equivalents at end of period | 172.8 | 272.6 | |
| Change in cash and cash equivalents | –99.8 | 72.5 |