Consolidated cash flow statement
in CHF 000s|
|
First 6 months 2020 |
First 6 months 2019 (restated) |
|
Profit incl. minority interests |
86,773 |
90,000 |
|
Net interest expense |
4,245 |
2,763 |
|
Income taxes |
17,151 |
14,472 |
|
Result from sale of fixed assets |
29 |
-158 |
|
Result from sale of investments/businesses |
– |
-254 |
|
Depreciation and amortisation |
54,051 |
54,430 |
|
Impairment charges |
2,028 |
14 |
|
Write-back of negative goodwill |
– |
-155 |
|
Change in provisions |
-230 |
-10,384 |
|
Income from associates and joint ventures |
443 |
-1,362 |
|
Other non-cash adjustments |
6,998 |
-1,474 |
|
Cash flow before changes in net working capital, interest and taxes |
171,488 |
147,892 |
|
|
|
|
|
Change in inventories |
-23,042 |
-43,124 |
|
Change in trade receivables |
40,016 |
39,964 |
|
Change in other receivables, prepayments and accrued income |
-24,284 |
-13,741 |
|
Change in trade payables |
-31,092 |
-27,776 |
|
Change in other payables, accrued liabilities and deferred income |
19,596 |
33,012 |
|
Interest paid |
-3,613 |
-2,715 |
|
Taxes paid |
-23,071 |
-30,326 |
|
Cash flow from operating activities |
125,998 |
103,186 |
|
|
|
|
|
Investments in property, plant and equipment |
-58,117 |
-44,116 |
|
Proceeds from disposal of property, plant and equipment |
711 |
1,627 |
|
Purchase of securities |
-5,905 |
– |
|
Investments in intangible assets |
-1,692 |
-158 |
|
Purchase of shares in associates and joint ventures |
– |
-739 |
|
Proceeds from sale of shares in associates |
– |
884 |
|
Acquisition of consolidated companies |
1,556 |
-13,420 |
|
Proceeds from sale of investments/businesses |
– |
7,108 |
|
Change of loans receivable |
-2,700 |
-183 |
|
Dividend received |
– |
203 |
|
Interest received |
714 |
1,115 |
|
Cash flow from investing activities |
-65,433 |
-47,679 |
|
|
|
|
|
Change in other current financial liabilities |
-7,356 |
4,594 |
|
Change in other non-current financial liabilities |
8,868 |
-2,503 |
|
Repayments of bonds |
– |
-100,000 |
|
Dividend paid to shareholders |
-64,198 |
-48,148 |
|
Dividend paid to minority interests |
-847 |
-892 |
|
Cash flow from financing activities |
-63,533 |
-146,949 |
|
|
|
|
|
Currency translation |
-6,354 |
-2,424 |
|
Net change in cash and cash equivalents |
-9,322 |
-93,866 |
|
|
|
|
|
Cash and cash equivalents at beginning of period |
378,112 |
451,399 |
|
Cash and cash equivalents at end of period |
368,790 |
357,533 |