Consolidated cash flow statement
in CHF 000s|
|
2019 |
2018 |
|
Profit incl. minority interests |
175,214 |
238,349 |
|
Net interest expense |
4,798 |
4,824 |
|
Income taxes |
34,784 |
50,221 |
|
Result from sale of fixed assets |
-2,382 |
-1,371 |
|
Result from sale of investments/businesses |
643 |
-79,425 |
|
Depreciation and amortisation |
134,153 |
134,871 |
|
Impairment charges |
1,226 |
1,558 |
|
Write-back of negative goodwill |
-310 |
-311 |
|
Change in provisions |
4,238 |
2,499 |
|
Income from associates and joint ventures |
1,969 |
1,082 |
|
Other non-cash adjustments |
-3,934 |
-405 |
|
Cash flow before changes in net working capital, interest and taxes |
350,399 |
351,892 |
|
|
|
|
|
Change in inventories |
1,537 |
-205 |
|
Change in trade receivables |
-4,706 |
-444 |
|
Change in other receivables, prepayments and accrued income |
-2,950 |
-5,688 |
|
Change in trade payables |
-5,813 |
10,398 |
|
Change in other payables, accrued liabilities and deferred income |
13,698 |
-7,609 |
|
Interest paid |
-9,123 |
-7,928 |
|
Taxes paid |
-39,742 |
-48,512 |
|
Cash flow from operating activities |
303,300 |
291,904 |
|
|
|
|
|
Investments in property, plant and equipment |
-103,994 |
-80,251 |
|
Proceeds from disposal of property, plant and equipment |
10,378 |
6,535 |
|
Sale of securities |
– |
640 |
|
Investments in intangible assets |
-3,268 |
-4,540 |
|
Purchase of shares in associates and joint ventures |
-727 |
– |
|
Proceeds from sale of shares in associates |
879 |
81,114 |
|
Acquisition of consolidated companies |
-138,342 |
-18,514 |
|
Proceeds from sale of investments/businesses |
5,342 |
– |
|
Change of loans receivable |
-1,251 |
5,651 |
|
Dividend received |
396 |
847 |
|
Interest received |
4,270 |
2,837 |
|
Cash flow from investing activities |
-226,317 |
-5,681 |
|
|
|
|
|
Change in other current financial liabilities |
4,618 |
-9,836 |
|
Change in other non-current financial liabilities |
-3,270 |
16,027 |
|
Repayments of bonds |
-100,000 |
– |
|
Dividend paid to shareholders |
-48,148 |
-53,498 |
|
Dividend paid to minority interests |
-1,845 |
-2,923 |
|
Cash flow from financing activities |
-148,645 |
-50,230 |
|
|
|
|
|
Currency translation |
-1,625 |
2,801 |
|
Net change in cash and cash equivalents |
-73,287 |
238,794 |
|
|
|
|
|
Cash and cash equivalents at beginning of period |
451,399 |
212,605 |
|
Cash and cash equivalents at end of period |
378,112 |
451,399 |