Condensed Consolidated Statement of Cash Flows (unaudited)

Consolidated statement of cash flows for the 6 months ended 30 June
In CHF million  
  2010 HY 2009 HY
 
Total net cash flows from operating activities
  –924 593
 
Cash flows from investing activities
 
Purchases of investments in associates
  –1
Sales of investments in associates
  123
Dividends received from associates
  3 5
Purchases of property and equipment
  –20 –18
Sales of property and equipment
  43 0
Purchases of computer software and other intangible assets
  –6 –3
Acquisitions of subsidiaries, net of cash and cash equivalents
  –13
Total net cash flows from investing activities
  20 93
 
Cash flows from financing activities
 
Issuance of debt instruments
  52 2
Repurchase of debt instruments
  –14
Redemption of debt instruments
  –202 –16
Purchases of treasury shares
  –94
Sales of treasury shares
  8 184
Purchases of non-controlling interests
  –7
Borrowing costs paid
  –70 –99
Dividends paid to non-controlling interests
  0 0
Total net cash flows from financing activities
  –212 –44
 
Total change in cash and cash equivalents
  –1 116 642
 
Cash and cash equivalents as at 1 January
  8 683 9 408
Classification as assets held for sale
  0
Foreign currency differences
  –401 48
Total change in cash and cash equivalents
  –1 116 642
Cash and cash equivalents as at end of period
  7 166 10 098