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Consolidated statement of cash flows

in CHF 1 000

Notes

01.01.–31.03.2025

01.01.–31.03.2024

Cash flows from operating activities

Proceeds from sales of securities

3

389 953

161 515

Purchase of securities

3

(94 618)

(81 566)

Interest receipts

108

Other proceeds

1 279

Payments for services

(7 567)

(8 667)

Income taxes paid

(35)

Total cash flows from operating activities

289 155

71 247

Cash flows from financing activities

Dividend

(98 487)

(109 692)

Purchase of treasury shares

5

(1 935)

Proceeds from borrowings

4

39 800

Repayment of borrowings

4

(117 500)

Interest payments

(55)

(1 435)

Total cash flows from financing activities

(217 977)

(71 327)

Foreign exchange difference

(1 459)

(16)

Change in cash and cash equivalents

69 719

(96)

Cash and cash equivalents at the beginning of the period

458

501

Cash and cash equivalents at the end of the period

70 177

405

The notes are an integral part of the condensed consolidated interim financial statements.