Statutory financial statements
Cash flow statement
In millions of CHF excluding balance sheet items held on fiduciary basis | Notes | 2023 | 2022 |
---|---|---|---|
Profit for the year | 94.0 | 81.1 | |
Financial expenses | 20.8 | 14.7 | |
Financial income | –2.0 | –1.7 | |
Current income taxes | 21.6 | 20.2 | |
Depreciation and amortisation | 152.1 | 159.8 | |
Gains/losses on disposal of non-current assets | – | 1.8 | |
Change in inventory | 0.2 | 0.1 | |
Change in provisions | – | –4.7 | |
Change in trade accounts receivable | 12.3 | –53.8 | |
Change in other receivables | 40.2 | –39.5 | |
Change in prepaid expenses and accrued income | 16.7 | –47.5 | |
Change in volume- and tariff-related timing differences | –621.8 | –420.1 | |
Change in trade accounts payable | –220.6 | 187.0 | |
Change in other current liabilities | 12.8 | –1.7 | |
Change in accrued expenses and deferred income | –11.7 | –22.0 | |
Interest received | 0.6 | 0.2 | |
Income taxes paid | –20.6 | –23.2 | |
Cash flow from operating activities | –505.4 | –149.3 | |
Gross investments in property, plant and equipment | –254.1 | –232.6 | |
Congestion proceeds received for grid investments | 216.6 | 226.6 | |
Net investments in property, plant and equipment | –37.5 | –6.0 | |
Gross investments in intangible assets | –25.4 | –24.8 | |
Congestion proceeds received for grid investments | 21.9 | 24.1 | |
Net investments in intangible assets | –3.5 | –0.7 | |
Investments in shareholdings | – | –0.5 | |
Divestments of financial assets | – | 2.7 | |
Dividends received | 0.5 | 0.6 | |
Cash flow from investing activities | –40.5 | –3.9 | |
Change in current financial liabilities | 248.9 | –54.6 | |
Change in non-current financial liabilities | 100.0 | – | |
Issuing of bonds | 200.0 | 175.0 | |
Interest paid | –16.5 | –13.9 | |
Dividends paid | –48.2 | –53.1 | |
Cash flow from financing activities | 484.2 | 53.4 | |
Change in cash and cash equivalents | –61.7 | –99.8 | |
Composition | |||
Cash and cash equivalents at beginning of period | 172.8 | 272.6 | |
Cash and cash equivalents at end of period | 111.1 | 172.8 | |
Change in cash and cash equivalents | –61.7 | –99.8 |