Consolidated cash flow statement
in CHF 000s|
|
2018 |
2017 |
|
Profit incl. minority interests |
238,349 |
168,748 |
|
Net interest expense |
4,824 |
8,062 |
|
Income taxes |
50,221 |
30,305 |
|
Result from sale of fixed assets |
-1,371 |
-831 |
|
Result from sale of investments/businesses |
-79,425 |
-397 |
|
Depreciation and amortisation |
134,871 |
133,223 |
|
Impairment charges |
1,558 |
1,944 |
|
Write-back of negative goodwill |
-311 |
-310 |
|
Change in provisions |
2,499 |
-2,130 |
|
Income from associates and joint ventures |
1,082 |
-3,216 |
|
Other non-cash adjustments |
-405 |
132 |
|
Cash flow before changes in net working capital, interest and taxes |
351,892 |
335,530 |
|
|
|
|
|
Change in inventories |
-205 |
-880 |
|
Change in trade receivables |
-444 |
-23,042 |
|
Change in other receivables, prepayments and accrued income |
-5,688 |
-3,302 |
|
Change in trade payables |
10,398 |
-15,803 |
|
Change in other payables, accrued liabilities and deferred income |
-7,609 |
10,353 |
|
Interest paid |
-7,928 |
-11,359 |
|
Taxes paid |
-48,512 |
-39,807 |
|
Cash flow from operating activities |
291,904 |
251,690 |
|
|
|
|
|
Investments in property, plant and equipment |
-80,251 |
-96,260 |
|
Proceeds from disposal of property, plant and equipment |
6,535 |
5,875 |
|
Sale of securities |
640 |
3,899 |
|
Investments in intangible assets |
-4,540 |
-2,872 |
|
Purchase of shares in associates and joint ventures |
– |
-149,744 |
|
Proceeds from sale of shares in associates |
81,114 |
2,056 |
|
Acquisition of consolidated companies |
-18,514 |
-250,417 |
|
Repayment of loans receivable |
5,651 |
7,930 |
|
Dividend received |
847 |
3,492 |
|
Interest received |
2,837 |
1,749 |
|
Cash flow from investing activities |
-5,681 |
-474,292 |
|
|
|
|
|
Change in other current financial liabilities |
-9,836 |
23,093 |
|
Change in other non-current financial liabilities |
16,027 |
86,494 |
|
Repayments of bonds |
– |
-250,000 |
|
Proceeds from bond-issuance |
– |
200,613 |
|
Dividend paid to shareholders |
-53,498 |
-31,564 |
|
Dividend paid to minority interests |
-2,923 |
-1,998 |
|
Cash flow from financing activities |
-50,230 |
26,638 |
|
|
|
|
|
Currency translation |
2,801 |
1,687 |
|
Net change in cash and cash equivalents |
238,794 |
-194,277 |
|
|
|
|
|
Cash and cash equivalents at beginning of period |
212,605 |
406,882 |
|
Cash and cash equivalents at end of period |
451,399 |
212,605 |