icrc-annual-report-2013

CONSOLIDATED STATEMENT OF CASH FLOWSFOR THE YEAR ENDED 31 DECEMBER(in KCHF) Note 2013 2012CASH FLOWS FROM OPERATING ACTIVITIESSurplus/(deficit) for the year 92,960 -21,563ADJUSTMENTS TO RECONCILE SURPLUS/(DEFICIT) TO NET CASH FROM OPERATING ACTIVITIESNon-cash items 40 -1,082 21,646Items relating to investing activities 40 -22,590 -18,732Working capital adjustments 40 -33,055 30,585Net cash from operating activities 36,233 11,936CASH FLOWS FROM INVESTING ACTIVITIESPurchase of property, plant and equipment 14 -29,736 -26,723Purchase of intangible assets 15 -12,569 -9,046Purchase of investments -70,007 -209,031Purchase of short-term deposits, net 30,003 60,966Proceeds from sale of property, plant and equipment 5,667 3,599Proceeds from sale of investments 47,019 53,016Interest received 1,179 1,228Income from investments, net 31 2,045 1,644Net cash used in investing activities -26,399 -124,347CASH FLOWS FROM FINANCING ACTIVITIESRepayments of loans and borrowings -728 -728Increase of loans and borrowings 17 - -Net cash used in financing activities -728 -728Net (decrease)/increase in cash and cash equivalents 9,106 -113,139Cash and cash equivalents at 1 January 209,699 324,161Effect of exchange rate fluctuations on cash held -1,392 -1,323Cash and cash equivalents at 31 December 7 217,413 209,699The accompanying notes are an integral part of the consolidated financial statements.534 | ICRC ANNUAL REPORT 2013