Consolidated statement of cash flows

in CHF thousands

2012

2011

Cash flow from/(used in) operating activities

 

 

Interest received (excluding financial investments)

276'043

292'742

Interest received from financial investments

12'356

12'496

Dividends received from financial investments

518

624

Interest paid

–91'732

–111'632

Fees and commission received

242'520

246'429

Fees and commission paid

–38'455

–35'102

Trading income

29'312

27'320

Other income

8'665

5'966

Payments for personnel, general and administrative expenses

–281'185

–276'080

Other expenses

–18'215

–669

Income tax paid

–6'968

–28'890

Cash flow from operating activities before changes in operating assets and liabilities

132'859

133'204

Net due from/to banks

1'035'801

439'529

Net due from insurance contracts

13'615

1'651'810

Trading portfolio and net replacement values

64

16'716

Loans / due to customers

18'286

290'134

Other assets

13'807

59'291

Liabilities from insurance contracts

–33'337

–49'468

Financial liabilities

–65'907

–1'603'287

Other liabilities

4'585

2'081

Changes in operating assets and liabilities

986'914

806'806

Net cash flow from/(used in) operating activities

1'119'773

940'010

Cash flow from/(used in) investing activities

 

 

 

 

 

Purchase of property and equipment

–29'733

–25'073

Disposal of property and equipment

2'074

0

Purchase of investment property

–9'456

0

Disposal of investment property

13'049

555

Purchase of other intangible assets

–1'621

–13'340

Purchase of financial investments

–302'386

–271'233

Disposal of financial investments

316'120

265'091

Purchase of associates

0

–25

Disposal of associates

350

5'300

Net cash flow from / (used in) investing activities

–11'603

–38'725

 

 

 

Net cash flow from/(used in) financing activities

 

 

Purchase of treasury shares

–258

–10'615

Disposal of treasury shares

1'389

2'802

Dividends paid

–8'526

–96'636

Coupon tax on old reserves

–32'603

0

Allocation to LLB Employer Foundation, LLB Future Foundation

0

–5'000

Non-controlling interests

–2'875

–2'848

Increase in shares of Group companies

–3'874

–4'974

Issuance of medium-term debt

282'723

397'920

Repayment of medium-term debt

–285'085

–765'389

Net cash flow from/(used in) financing activities

–49'109

–484'740

 

 

 

Effects of foreign currency translation

–271

–922

 

 

 

Net increase/(decrease) in cash and cash equivalents

1'058'790

415'623

 

 

 

Cash and cash equivalents at beginning of the year

2'289'861

1'874'238

Cash and cash equivalents at end of the year

3'348'651

2'289'861

 

 

 

Cash and cash equivalents comprise:

 

 

Cash and balances with central banks

2'164'647

896'749

Cash from non-current assets held for sale

12

12

Due from banks (due daily)

1'157'500

1'374'922

Due from banks (due daily) from non-current assets held for sale

26'492

18'178

Total cash and cash equivalents

3'348'651

2'289'861

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