Statutory financial statements
Cash flow statement
In millions of CHF, excluding balance sheet items held on fiduciary basis | Notes | 2022 | 2021 |
---|---|---|---|
Profit for the year | 81.1 | 104.7 | |
Financial expenses | 14.7 | 53.5 | |
Financial income | –1.7 | –0.9 | |
Current income taxes | 20.2 | 25.8 | |
Depreciation and amortisation | 159.8 | 180.5 | |
Gains/losses on disposal of non-current assets | 1.8 | – | |
Change in inventory | 0.1 | – | |
Change in provisions | –4.7 | –2.4 | |
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 | –420.1 | –260.0 | |
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 | –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 | –0.7 | –18.3 | |
Investments in shareholdings | –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 |