Annual Report

Consolidated cash flow statement

Consolidated cash flow statement

20202021
in 1,000 CHFCash inflowCash outflowCash inflowCash outflow
Cash flow from operating results (internal financing)
Group profit860,647-1,068,790-
Value adjustments on participations1,082-3,729-
Depreciation and amortisation of tangible fixed assets and intangible assets 214,603-206,560-
Provisions and other value adjustments55,14186,01294,119128,552
Change in value adjustments for default risks and losses 108,29883,303556,57392,601
Appreciation on participations 58,1914,1427,59748,675
Accrued income and prepaid expenses-17,889-435
Accrued expenses and deferred income24,646--33,012
Interest paid on share certificates for previous year-63,055-65,119
Balance1,068,207-1,568,974-
Cash flow from shareholder's equity transactions
Change in cooperative capital238,78670,356255,59182,962
Recognised in retained earnings reserve1---440,819
Currency translation differences6--1
Minority interests in equity -9,01123,999-
Balance 159,425--244,192
Cash flow from transactions in respect of participations, tangible fixed assets and intangible assets
Participations 1,46631,701453,545
Real estate23,687115,28114,164139,047
Software/other tangible fixed assets/objects in finance leasing 801104,13168061,250
Balance -225,159-188,953
Cash flow from banking operations
Amounts due to banks -1,721,3585,353,549-
Liabilities from securities financing transactions -2,146,0743,270,010-
Amounts due in respect of customer deposits 14,245,107-11,304,409-
Trading portfolio liabilities-49,6498,150-
Negative replacement values of derivative financial instruments -219,820-482,223
Liabilities from other financial instruments at fair value -305,54137,412-
Cash bonds-105,456-69,397
Bonds2,534,2253,085,9425,339,4811,917,793
Central mortgage institution loans2,655,9001,437,8002,640,7001,391,900
Other liabilities-6,25651,490-
Amounts due from banks 3,639,817-793,015-
Amounts due from securities financing transactions 249,941---
Amounts due from customers-1,890,22118,264-
Mortgage loans-5,042,841-6,479,731
Trading portfolio assets 156,890-470,714-
Positive replacement values of derivative financial instruments 252,684-288,884-
Financial investments-1,634,534279,032-
Other assets-73,644-36,119
Liquid assets -7,017,901-20,613,776
Balance -1,002,473-1,135,829
Total origin of funds 1,227,632-1,568,974-
Total use of funds -1,227,632-1,568,974
1 In accordance with the transitional provisions in Article 98(1) AO, the Raiffeisen Group allocated value adjustments and provisions for expected losses directly in equity with effect from 1 January 2021 through the retained earnings reserve. As a consequence of this reduction in the retained earnings reserve, provisions for deferred taxes fell. In the same way as for the allocation to risk provisioning for expected losses, this reduction was recognised directly in equity through the retained earnings reserve. The effects of this initial allocation are included in this item.