Consolidated cash flow statement

	Cash inflow	Cash outflow	Cash inflow	Cash outflow
Amounts in 1,000 Swiss francs	2025	2025	2024	2024
Cash flow from operating activities (internal financing)
Consolidated profit	295,497	–	286,642	–
Changes in reserves for general banking risks	0	0	25,000	0
Value adjustments on participations and depreciation and amortisation of tangible fixed assets and intangible assets	30,109	0	29,213	0
Provisions and other value adjustments	1,419	1,990	804	4,485
Changes in value adjustments for default risk and losses	35,951	22,593	56,828	72,930
Accrued income and prepaid expenses	303	0	8,422	0
Accrued expenses and deferred income	0	13,850	0	20,900
Other items	0	0	0	0
Previous year's dividend	–	128,719	–	123,364
Balance	196,126	–	185,230	–
Cash flow from equity transactions
Share capital	0	0	0	0
Changes in own shares	15,150	2,542	5,343	4,428
Balance	12,608	–	915	–
Cash flow from transactions in respect of participations, tangible fixed assets and intangible assets
Non-consolidated participations / equity participations	0	481	2,080	1,054
Real estate	0	3,988	0	4,791
Other tangible fixed assets	0	20,164	0	19,363
Intangible assets	0	0	15,541	0
Balance	–	24,633	–	7,587
Cash flow from banking operations
Medium and long-term business (>1 year)	3,953,052	5,469,099	2,100,966	3,566,860
Amounts due to banks	40,000	0	0	0
Amounts due in respect of customer deposits	33,070	0	0	41,642
Cash bonds	53,889	130,180	59,230	18,851
Bond issues	1,410,000	649,985	398,095	200,000
Central mortgage institution loans	997,000	293,000	492,000	371,000
Funding-component of structured products	1,388,219	1,216,356	1,128,059	1,171,032
Other liabilities	0	35,042	0	25,163
Amounts due from banks	0	20,000	0	15,000
Amounts due from clients	0	87,721	0	43,944
Mortgage loans	0	2,686,503	0	1,637,479
Financial investments	0	350,313	23,582	0
Other assets	30,875	0	0	42,749

Short-term business	2,975,079	2,057,795	1,967,187	905,762
Amounts due to banks	1,563,835	0	1,256,930	0
Liabilities from securities financing transactions	0	1,289,887	0	72,721
Amounts due in respect of customer deposits	874,978	0	295,255	0
Trading portfolio liabilities	0	32,218	189	0
Negative replacement values of derivative financial instruments	0	13,819	0	87,657
Liabilities from other financial instruments at fair value	232,519	0	260,343	0
Amounts due from banks	0	292,343	0	25,361
Amounts due from securities financing transactions	0	0	40,000	0
Amounts due from clients	0	225,806	34,294	0
Trading portfolio assets	0	203,722	0	591,790
Positive replacement values of derivative financial instruments	84,768	0	80,176	0
Financial investments	218,979	0	0	128,233

Liquidity	414,663	0	225,910	0
Liquid assets	414,663	0	225,910	0
Balance	–	184,101	–	178,559

The movements in the consolidated cash flow statement are presented before taking value adjustments into account. Due to this gross presentation, the figures cannot be compared directly with the balance sheet.