Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Net liquidity<br />
Net liquidity positively impacted by strong free cash flow<br />
CHF million<br />
-4<br />
Net liquidity<br />
31.12.2010<br />
<strong>Half</strong> year results July <strong>2011</strong><br />
94<br />
Impact of<br />
spin-off (debt<br />
repayment et<br />
al.)<br />
91<br />
Net liquidity<br />
post<br />
separation<br />
21<br />
Free cash<br />
flow before<br />
divestments<br />
42<br />
Free cash flow:<br />
63 million CHF<br />
Sale LMW<br />
shares<br />
-4<br />
Other<br />
150<br />
Net liquidity<br />
30.06.<strong>2011</strong><br />
22