35. Additional cash flow information

Cash flow from operating activities – analysis of change in operating working capital items

Million CHF

2015

20141

1

Restated due to changes in accounting policies, see note 2.

Increase in inventories

(23)

(72)

De(In)crease in accounts receivable

193

(47)

Decrease in other receivables excluding financial and income tax receivables

9

16

Decrease in trade accounts payable

(170)

(8)

Decrease in liabilities excluding financial and income tax liabilities

(241)

(267)

Change in net working capital

(232)

(378)

Cash flow information related to investing activities

Million CHF

2015

20141

1

Restated due to changes in accounting policies, see note 2.

Purchase of property, plant and equipment net

 

 

Replacements

(1,099)

(940)

Proceeds from sale of property, plant and equipment

118

208

Capital expenditures on property, plant and equipment to maintain productive capacity and to secure competitiveness

(981)

(732)

Expansion investments

(1,007)

(1,005)

Total purchase of property, plant and equipment net (A)

(1,988)

(1,737)

 

 

 

Acquisition of participation in Group companies (net of cash and cash equivalents acquired)

208

(2)

 

 

 

Disposal of participation in Group companies (net of cash and cash equivalents disposed of)

6,515

36

 

 

 

Purchase of financial assets, intangible and other assets

 

 

Increase in financial investments including associates and joint ventures

(3)

(4)

Increase in other financial assets, intangible and other assets

(484)

(295)

Total purchase of financial assets, intangible and other assets

(487)

(299)

 

 

 

Disposal of financial assets, intangible and other assets

 

 

Decrease in financial investments including associates and joint ventures

675

46

Decrease in other financial assets, intangible and other assets

310

253

Total disposal of financial assets, intangible and other assets

985

299

 

 

 

Total disposal (purchase) of financial assets, intangible and other assets and businesses net (B)

7,222

35

 

 

 

Total cash flow from investing activities (A + B)

5,234

(1,702)

Cash flow from acquisitions and disposals of Group companies

 

Acquisitions

Disposals

 

2015

2014

2015

2014

Million CHF

Merger with Lafarge

Other acquisitions1

Total

Total

Merger related divestments

Other disposals2

Total

Total

1

Mainly include the acquisition of companies from Cemex in Germany and the Netherlands, see note 4.

2

Include among others the disposals of operations in Spain and Czech Republic to Cemex classified as held for sale at the end of 2014, see note 4. For the purpose of this table, the assets and related liabilities classified as held for sale are presented in their respective balance sheet positions.

Cash and cash equivalents

(1,704)

(24)

(1,728)

 

97

20

117

0

Assets classified as held for sale

(4,874)

0

(4,874)

 

4,134

0

4,134

0

Other current assets

(4,821)

(48)

(4,869)

0

754

17

771

2

Property, plant and equipment

(20,177)

(309)

(20,486)

(2)

1,651

256

1,907

4

Other assets

(3,486)

(1)

(3,487)

0

199

48

247

0

Bank overdrafts

415

0

415

 

0

0

0

0

Other current liabilities

6,131

51

6,182

0

(668)

(54)

(722)

0

Long-term provisions

992

48

1,040

0

(132)

(12)

(144)

0

Other long-term liabilities

17,246

46

17,292

0

(588)

(106)

(694)

0

Net assets

(10,279)

(236)

(10,515)

(2)

5,447

169

5,616

6

Non-controlling interest

2,407

16

2,423

0

(103)

(6)

(109)

(1)

Net assets (acquired) disposed

(7,872)

(220)

(8,092)

(2)

5,344

163

5,507

5

Goodwill (acquired) disposed

(11,611)

0

(11,611)

0

815

46

861

2

Fair value of previously held equity interest

680

0

680

0

0

0

0

0

Net gain on disposals

0

0

0

0

63

226

289

32

Total (purchase) disposal consideration

(18,803)

(220)

(19,023)

(2)

6,222

435

6,657

39

Purchase consideration in the form of shares

17,910

0

17,910

 

 

(82)

(82)

 

Acquired (disposed) cash and cash equivalents

1,289

24

1,313

0

(97)

(20)

(117)

0

Deferred consideration

7

0

7

0

0

57

57

(2)

Net cash flow

403

(195)

208

(2)

6,125

390

6,515

36