Consolidated statement of cash flows
audited information

 Download Excel

in CHF thousands

2009

2008

Cash flow from/(used in) operating activities

 

 

Interest received (excluding financial investments)

415'712

603'415

Interest received from financial investments

11'593

13'301

Dividends received from financial investments

402

592

Interest paid

–201'325

–345'022

Fee and commission received

282'885

330'281

Fee and commission paid

–47'198

–62'111

Net trading income

31'211

30'513

Other income

5'621

5'137

Payments for personnel, general and administrative expenses

–246'463

–248'612

Other expenses

–1'429

–9'793

Income tax paid

–20'546

–49'061

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

230'463

268'640

Net due from/to banks

631'123

–2'229'957

Net due from insurance contracts

–701'058

616'361

Trading portfolio and net replacement values

1'773

2'920

Net due from/to customers

–267'565

1'897'731

Other assets

–17'126

40'798

Liabilities from insurance contracts

34'330

10'993

Financial liabilities

556'743

–636'235

Other liabilities

–9'128

–16'695

Changes in operating assets and liabilities

229'092

–314'084

Net cash flow from/(used in) operating activities

459'555

–45'444

 

 

 

Cash flow from/(used in) investment activities

 

 

Purchase of property and equipment

–9'228

–18'792

Proceeds from sale of property and equipment

180

14'275

Purchase of investment property

–1'045

–139

Proceeds from sale of investment property

4'437

350

Investments in other intangible assets

–38'325

–15'779

Purchase of financial investments

–424'990

–292'175

Proceeds from sale and redemption of financial investments

312'941

270'514

Acquisition of associates

0

–7'450

Increase in shares of Group companies

–8'671

–16'743

Net cash flow from/(used in) investment activities

–164'701

–65'939

 

 

 

Cash flow from/(used in) financing activities

 

 

Purchase of treasury shares

–2'403

–5'279

Disposal of treasury shares

4'523

5'200

Dividends paid

–96'848

–96'805

Allocation to LLB Employer Foundation

–2'000

–2'000

Non-controlling interests

–6'460

–11'876

Issuance of debt

236'531

453'163

Repayment of debt

–617'127

–334'147

Net cash flow from/(used in) financing activities

–483'784

8'256

 

 

 

Effects of foreign currency translation

–588

–115

 

 

 

Net increase/(decrease) in cash and cash equivalents

–189'518

–103'242

Cash and cash equivalents at beginning of the year

1'693'788

1'797'030

Cash and cash equivalents at end of the year

1'504'270

1'693'788

 

 

 

Cash and cash equivalents comprise:

 

 

Cash and balances with central banks

395'827

333'988

Due from banks (due daily)

1'108'443

1'359'800

Total cash and cash equivalents

1'504'270

1'693'788

The notes are an integral part of these consolidated reports.