Financial statements 2008

37. Cash flows arising from divestments of subsidiaries

37. Cash flows arising from divestments of subsidiaries

37. Cash flows arising from divestments of subsidiaries
In CHF'000   2008 Disposals 2007 Disposals
Financial fixed assets   - 220
Tangible fixed assets   - 147
Net working capital   - 2 291
Short term financial debt   - -857
Cash and cash equivalents   - 958
       
Fair value of net assets disposed of   - 2 759
       
Gain on disposal of subsidiaries   - 2 087
Loss on disposal of subsidiaries   - -2 179
Disposal expenses   - 675
       
Total sale proceeds   - 3 342
       
Cost related to the disposal   - -675
Cash and cash equivalents disposed of   - -958
       
Net cash inflow/(outflow) on disposals   - 1 709