39 Cash flow from investing activities

Million CHF

2014

2013

1

Including goodwill.

Purchase of property, plant and equipment net

 

 

Replacements

(947)

(923)

Proceeds from sale of property, plant and equipment

209

205

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

(738)

(719)

Expansion investments

(1,020)

(1,282)

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

(1,759)

(2,000)

 

 

 

Acquisition of participation in Group companies (net of cash and cash equivalents acquired)1

(2)

(8)

 

 

 

Disposal of participation in Group companies (net of cash and cash equivalents disposed of)1

36

407

 

 

 

Purchase of financial assets, intangible and other assets

 

 

Increase in financial investments including associates and joint ventures

(4)

(23)

Increase in other financial assets, intangible and other assets

(296)

(240)

Total purchase of financial assets, intangible and other assets

(300)

(263)

 

 

 

Disposal of financial assets, intangible and other assets

 

 

Decrease in financial investments including associates and joint ventures

46

11

Decrease in other financial assets, intangible and other assets

254

188

Total disposal of financial assets, intangible and other assets

300

199

 

 

 

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

35

336

 

 

 

Total cash flow from investing activities (A + B)

(1,724)

(1,665)

Cash flow from acquisitions and disposals of Group companies

 

Acquisitions

Disposals

Million CHF

2014

2013

2014

2013

Current assets

0

(9)

2

124

Property, plant and equipment

(2)

(7)

4

450

Other assets

0

0

0

30

Current liabilities

0

6

0

(254)

Long-term provisions

0

0

0

(27)

Other long-term liabilities

0

1

0

(26)

Net assets

(2)

(9)

6

298

Non-controlling interest

0

0

(1)

(98)

Net assets (acquired) disposed

(2)

(9)

5

201

Goodwill (acquired) disposed

0

(4)

2

48

Fair value of previously held (retained) equity interest

0

1

0

0

Net gain (loss) on disposals

0

0

32

156

Total (purchase) disposal consideration

(2)

(12)

39

405

Acquired (disposed) cash and cash equivalents

0

1

0

2

Payables and loan notes

0

4

(2)

0

Net cash flow

(2)

(8)

36

407