Adjustment of the consolidated statement of cash flows 2018
Group net profit, balance sheet and key figures remain unchanged
Vaduz, 29 April 2019. The presentation of the cash flows in the consolidated statement of cash flows 2018 of the LLB Group has been corrected in connection with the acquisitions and the properties held for sale. Essentially, the net cash flow from operating activities has been shifted to cash flow from investing activities. The net cash flow from operating activities now amounts to CHF 1'000 million (previously CHF 2'275 million) and the cash flow from investing activities to CHF 649 million (previously CHF -626 million). The net increase in cash and cash equivalents remains unchanged.
The adjustments to the consolidated statement of cash flows have no influence on the Group net profit 2018, the consolidated balance sheet as at 31 December 2018 or the published key figures such as the tier 1 ratio or the Cost-Income-Ratio.
The statutory auditor has audited the adjusted consolidated statement of cash flows 2018. In their report of 29 April 2019, they recommend that the amended consolidated financial statements 2018 be approved by the General Meeting of Shareholders.
The adjusted consolidated statement of cash flows 2018 and the report of the statutory auditor of 29 April 2019 supplementing the 2018 consolidated financial statements of the LLB Group can be found in the download "Supplement to the 2018 consolidated financial statements of the LLB Group in the 157th Annual Report 2018".
Liechtensteinische Landesbank AG (LLB) is the longest established financial institute in the Principality of Liechtenstein. The majority of the company's share capital is held by the Principality of Liechtenstein. LLB's shares are listed on the SIX (symbol: LLBN). The LLB Group offers its clients comprehensive wealth management services, as a universal bank, in private banking, in asset management and fund services. With 1'092 employees (full-time equivalent positions), LLB is represented in Liechtenstein, Switzerland, Austria and the United Arab Emirates (Abu Dhabi and Dubai). As per 30 June 2019, the business volume of the LLB Group stood at CHF 85.6 billion.
- 12 March 2020, Presentation of the 2019 Annual Result
- 8 May 2020, 28th Ordinary General Meeting of Shareholders
Dr. Cyrill Sele
Head of Group Corporate Communications & General Secretary
Telephone +423 236 80 99