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Statement of cash flows (unaudited)
| Spreadsheets |
For the six-month period ended | ||
CHF million | 30.6.07 | 30.6.06 |
Cash flow from/(used in) operating activities | ||
Net profit | 9,208 | 6,943 |
Adjustments to reconcile net profit to cash flow from/(used in) operating activities | ||
Non-cash items included in net profit and other adjustments: | ||
Depreciation of property and equipment | 628 | 632 |
Amortization of intangible assets | 151 | 112 |
Credit loss expense/(recovery) | (15) | (121) |
Equity in income of associates | (87) | (107) |
Deferred tax expense/(benefit) | 135 | 449 |
Net loss/(gain) from investing activities | (2,946) | (1,512) |
Net loss/(gain) from financing activities | 4,292 | (181) |
Net (increase)/decrease in operating assets: | ||
Net due from/to banks | 18,715 | 43,422 |
Reverse repurchase agreements and cash collateral on securities borrowed | (17,911) | (9,534) |
Trading portfolio and net replacement values | (40,050) | (64,857) |
Loans/due to customers | 23,771 | 41,461 |
Accrued income, prepaid expenses and other assets | (6,456) | (8,005) |
Net increase/(decrease) in operating liabilities: | ||
Repurchase agreements and cash collateral on securities lent | (36,027) | 7,606 |
Accrued expenses and other liabilities | 9,023 | 3,907 |
Income taxes paid | (2,616) | (1,948) |
Net cash flow from/(used in) operating activities | (40,185) | 18,267 |
Cash flow from/(used in) investing activities | ||
Investments in subsidiaries and associates | (1,157) | (521) |
Disposal of subsidiaries and associates | 107 | 929 |
Purchase of property and equipment | (1,009) | (801) |
Disposal of property and equipment | 110 | 578 |
Net (investment in)/divestment of financial investments available-for-sale | 5,426 | 1,520 |
Net cash flow from/(used in) investing activities | 3,477 | 1,705 |
Cash flow from/(used in) financing activities | ||
Net money market paper issued/(repaid) | 25,372 | 4,465 |
Net movements in treasury shares and own equity derivative activity | (2,452) | (1,753) |
Capital issuance | 0 | 1 |
Dividends paid | (4,275) | (3,214) |
Issuance of long-term debt, including financial liabilities designated at fair value | 66,694 | 62,484 |
Repayment of long-term debt, including financial liabilities designated at fair value | (36,875) | (46,072) |
Increase in minority interests | 13 | 1,219 |
Dividend payments to/purchase from minority interests | (327) | (726) |
Net cash flow from/(used in) financing activities | 48,150 | 16,404 |
Effects of exchange rate differences | 4,333 | (3,354) |
Net increase/(decrease) in cash and cash equivalents | 15,775 | 33,022 |
Cash and cash equivalents, beginning of the period | 136,090 | 91,042 |
Cash and cash equivalents, end of the period | 151,865 | 124,064 |
Cash and cash equivalents comprise: | ||
Cash and balances with central banks | 5,943 | 4,584 |
Money market paper 1 | 101,467 | 77,466 |
Due from banks with original maturity of less than three months | 44,455 | 42,014 |
Total | 151,865 | 124,064 |
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