| 1. January - 31. December | 2013 | 2012 |
| (in CHF thousand) |
| |
| Net profit for the year | 30'165 | 25'998 |
| Minority shareholders | 170 | 533 |
| Depreciation of tangible assets | 27'429 | 25'880 |
| Depreciation of intangible assets | 699 | 674 |
| Change in deferred income taxes | 717 | -2'221 |
| Gain on sale of fixed assets | -132 | -94 |
| Income from associated undertakings | 622 | 322 |
| Profit on financial assets | -344 | -25 |
| Value adjustements of financial assets | 4 | 188 |
| Other profit-making items not effecting liquidity | 461 | 651 |
| Cashflow networking capital | 59'791 | 51'906 |
|
| Decrease/increase in non-monetary current assets | -94 | -3'274 |
| Decrease/increase in current liabilities (excl. financial liabilities and provisions) | 5'195 | 1'111 |
| Net cash from operating activities | 64'892 | 49'743 |
|
| Purchase of fixed assets | -29'226 | -30'318 |
| Purchase of other not associated shareholdings | -45 | -22 |
| Purchase of financial fixed assets | -2 | -8 |
| Purchase of intangible assets | -513 | -285 |
| Disposal of fixed assets | 411 | 119 |
| Disposal of parties | 0 | 56 |
| Disposal of financial assets | 61 | 72 |
| Net cash from investing activities | -29'314 | -30'386 |
| |
| Free Cashflow | 35'578 | 19'357 |
|
| Increase in financial liabilities | 209 | 0 |
| Reduction in financial liabilities | -3'240 | -3'240 |
| Purchase of treasury shares including transaction costs | -1'651 | -20 |
| Disposal of treasury shares including transaction costs | 343 | 10'784 |
| Transaction costs of divestment treasury shares | -1 | -235 |
| Dividend paid 3rd parties | -22 | -24 |
| Dividend paid Jungfrau Railway Holding AG | -10'482 | -10'075 |
| Net cash from financing activities | -14'844 | -2'810 |
|
| Net decrease/increase in cash and cash equivalents | 20'734 | 16'547 |
| |
| Cash and cash equivalents at January 1st | 37'934 | 21'387 |
| Cash and cash equivalents at December 31st | 58'668 | 37'934 |
| Net decrease/increase in cash and cash equivalents | 20'734 | 16'547 |
|
