Service-oriented - Die Schweizerische Post
Service-oriented - Die Schweizerische Post
Service-oriented - Die Schweizerische Post
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98 Annual Report | Financial Report | Financial statements of Swiss <strong>Post</strong> Group<br />
Consolidated cash flow statement<br />
CHF m Note<br />
2006 2005<br />
Earnings before taxes 839 815<br />
Depreciation and amortization 24, 25 257 252<br />
Net gains from the sale of property, plant and equipment – 52 – 36<br />
Net writedowns of financial assets 7 – 31<br />
Net decrease in provisions – 164 – 62<br />
Other net financial income/(expense) (excl. financial services) – 12 – 27<br />
Other noncash income/expense – 3 0<br />
Change in net current assets:<br />
Decrease in receivables 50 48<br />
(Decrease)/increase in liabilities 41 – 121<br />
Decrease/(increase) in other noninterestbearing current assets<br />
Change in items from financial services:<br />
– 8 0<br />
Decrease/(increase) in receivables due from banks (term of three months or more) 45 – 195<br />
Increase in financial assets – 2 646 – 232<br />
Change in customer deposits/interestbearing amounts due from customers 4 734 3 269<br />
Change in other receivables/liabilities from financial services 167 – 69<br />
Income taxes paid – 8 – 8<br />
Net cash from operating activities 3 247 3 603<br />
Investment in property, plant and equipment 24 – 492 – 329<br />
Investment in intangible assets (excl. goodwill) 25 – 13 0<br />
Investment in subsidiaries, minus cash and cash equivalents acquired 33 – 35 – 13<br />
Investment in associates 0 – 5<br />
Proceeds from disposal of property, plant and equipment 110 52<br />
Proceeds from disposal of other (nonoperating) financial assets (net) – 19 – 28<br />
Interest received (excl. financial services) 12 15<br />
Net cash used in investing activities – 437 – 308<br />
Decrease in other financial liabilities – 30 – 58<br />
Interest paid – 4 – 2<br />
Transfer from earnings available for appropriation to Swiss <strong>Post</strong> pension fund 9 – 350 – 350<br />
Dividends paid to minority interests – 2 – 1<br />
Net cash used in financing activities – 386 – 411<br />
Change in cash and cash equivalents 2 424 2 884<br />
Cash and cash equivalents at 1 January 12 935 10 051<br />
Cash and cash equivalents at 31 December 15 359 12 935<br />
Cash and cash equivalents include:<br />
Cash 2 806 2 296<br />
Receivables due from banks with an original term of less than three months 15 12 553 10 639<br />
Total cash and cash equivalents at 31 December 15 359 12 935
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