Consolidated cash flow statement
in CHF 000s|
|
2017 |
2016 |
|
Profit incl. minority interests |
168,748 |
158,295 |
|
Net interest expense |
8,062 |
11,687 |
|
Income taxes |
30,305 |
33,700 |
|
Gain/loss on disposal of fixed assets |
-831 |
313 |
|
Result from sale of investments/businesses |
-397 |
– |
|
Depreciation and amortisation |
133,223 |
123,519 |
|
Impairment charges |
1,944 |
2,266 |
|
Write-back of negative goodwill |
-310 |
-310 |
|
Change in provisions |
-2,130 |
3,665 |
|
Income from associates and joint ventures |
-3,216 |
-3,936 |
|
Other non-cash adjustments |
132 |
-196 |
|
Cash flow before changes in net working capital, interest and taxes |
335,530 |
329,003 |
|
|
|
|
|
Change in inventories |
-880 |
25,656 |
|
Change in trade receivables |
-23,042 |
12,512 |
|
Change in other receivables, prepayments and accrued income |
-3,302 |
8,541 |
|
Change in trade payables |
-15,803 |
-34,125 |
|
Change in other payables, accrued liabilities and deferred income |
10,353 |
-16,524 |
|
Interest paid |
-11,359 |
-13,965 |
|
Taxes paid |
-39,807 |
-39,223 |
|
Cash flow from operating activities |
251,690 |
271,875 |
|
|
|
|
|
Investments in property, plant and equipment |
-96,260 |
-92,369 |
|
Proceeds from disposal of property, plant and equipment |
5,875 |
1,235 |
|
Purchase of securities |
– |
-471 |
|
Sale of securities |
3,899 |
– |
|
Investments in intangible assets |
-2,872 |
-12,051 |
|
Purchase of shares in associates and joint ventures |
-149,744 |
– |
|
Proceeds from sale of shares in associates |
2,056 |
– |
|
Acquisition of consolidated companies |
-250,417 |
-93,162 |
|
Repayment of loans receivable |
7,930 |
3,824 |
|
Dividend received |
3,492 |
687 |
|
Interest received |
1,749 |
2,004 |
|
Cash flow from investing activities |
-474,292 |
-190,303 |
|
|
|
|
|
Change in other current financial liabilities |
23,093 |
-34,316 |
|
Change in other non-current financial liabilities |
86,494 |
2,534 |
|
Repayments of bonds |
-250,000 |
– |
|
Proceeds from bond-issuance |
200,613 |
– |
|
Share of minority interests in capital increase of a group company |
– |
749 |
|
Dividend paid to shareholders |
-31,564 |
-26,214 |
|
Dividend paid to minority interests |
-1,998 |
-5,960 |
|
Cash flow from financing activities |
26,638 |
-63,207 |
|
|
|
|
|
Currency translation |
1,687 |
-305 |
|
Net change in cash and cash equivalents |
-194,277 |
18,060 |
|
|
|
|
|
Cash and cash equivalents at beginning of period |
406,882 |
388,822 |
|
Cash and cash equivalents at end of period |
212,605 |
406,882 |