Statutory financial statements
Cash flow statement
| In millions of CHF excluding balance sheet items held on fiduciary basis | Notes | 2024 | 2023 |
|---|---|---|---|
| Profit for the year | 96.5 | 94.0 | |
| Financial expenses | 19.2 | 20.8 | |
| Financial income | –3.6 | –2.0 | |
| Current income taxes | 21.7 | 21.6 | |
| Depreciation and amortisation | 168.2 | 152.1 | |
| Change in inventory | –1.6 | 0.2 | |
| Change in trade accounts receivable | –191.8 | 12.3 | |
| Change in other receivables | –0.2 | 40.2 | |
| Change in prepaid expenses and accrued income | –0.8 | 16.7 | |
| Change in volume- and tariff-related timing differences | 1,022.0 | –621.8 | |
| Change in trade accounts payable | 6.5 | –220.6 | |
| Change in other current liabilities | 13.8 | 12.8 | |
| Change in accrued expenses and deferred income | –3.5 | –12.2 | |
| Interest received | 2.0 | 0.6 | |
| Income taxes paid | –22.7 | –20.6 | |
| Cash flow from operating activities | 1,125.7 | –505.9 | |
| Gross investments in property, plant and equipment | –287.3 | –254.1 | |
| Congestion proceeds received for grid investments | – | 216.6 | |
| Government grants | 6.2 | – | |
| Net investments in property, plant and equipment | –281.1 | –37.5 | |
| Gross investments in intangible assets | –36.4 | –25.4 | |
| Congestion proceeds received for grid investments | – | 21.9 | |
| Net investments in intangible assets | –36.4 | –3.5 | |
| Dividends received | 0.7 | 0.5 | |
| Cash flow from investing activities | –316.8 | –40.5 | |
| Change in current financial liabilities | –510.0 | 248.9 | |
| Change in non-current financial liabilities | – | 100.0 | |
| Issuing of bonds | – | 200.0 | |
| Interest paid | –25.6 | –16.5 | |
| Dividends paid | –30.0 | –48.2 | |
| Cash flow from financing activities | –565.6 | 484.2 | |
| Foreign currency translation effect on cash and cash equivalents | 0.4 | 0.5 | |
| Change in cash and cash equivalents | 243.7 | –61.7 | |
| Composition | |||
| Cash and cash equivalents at beginning of period | 111.1 | 172.8 | |
| Cash and cash equivalents at end of period | 354.8 | 111.1 | |
| Change in cash and cash equivalents | 243.7 | –61.7 |