• Financial Report
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  • Consolidated Financial Statements of Emmi Group
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  • Consolidated cash flow statement
CONSOLIDATED FINANCIAL STATEMENTS OF EMMI GROUP

Consolidated cash flow statement

in CHF 000s

 

2020

2019 (restated)

Profit incl. minority interests

201,620

203,967

Net interest expense

7,483

4,798

Income taxes

40,637

34,784

Result from sale of fixed assets

-175

-2,382

Result from sale of investments/businesses

14,686

643

Depreciation and amortisation

108,837

108,775

Impairment charges

10,895

1,226

Write-back of negative goodwill

-310

Change in provisions

-1,044

4,238

Income from associates and joint ventures

826

-1,406

Other non-cash adjustments

19,787

-3,934

Cash flow before changes in net working capital, interest and taxes

403,552

350,399

 

 

 

Change in inventories

-16,367

1,537

Change in trade receivables

-14,122

-4,706

Change in other receivables, prepayments and accrued income

-17,357

-2,950

Change in trade payables

10,321

-5,813

Change in other payables, accrued liabilities and deferred income

21,816

13,698

Interest paid

-9,219

-9,123

Taxes paid

-36,054

-39,742

Cash flow from operating activities

342,570

303,300

 

 

 

Investments in property, plant and equipment

-122,498

-103,994

Proceeds from disposal of property, plant and equipment

1,178

10,378

Purchase of securities

-5,889

Investments in intangible assets

-3,659

-3,268

Purchase of shares in associates and joint ventures

-727

Proceeds from sale of shares in associates

3,126

879

Acquisition of consolidated companies

-201,067

-138,342

Proceeds from sale of investments/businesses

-901

5,342

Change of loans receivable

1,019

-1,251

Dividend received

15

396

Interest received

1,896

4,270

Cash flow from investing activities

-326,780

-226,317

 

 

 

Change in other current financial liabilities

-26,470

4,618

Change in other non-current financial liabilities

486

-3,270

Repayments of bonds

-100,000

Dividend paid to shareholders

-64,198

-48,148

Dividend paid to minority interests

-1,726

-1,845

Cash flow from financing activities

-91,908

-148,645

 

 

 

Currency translation

-7,323

-1,625

Net change in cash and cash equivalents

-83,441

-73,287

 

 

 

Cash and cash equivalents at beginning of period

378,112

451,399

Cash and cash equivalents at end of period

294,671

378,112