Consolidated statement of cash flows
| Notes | 2014 | 2015 |
CHF 1,000 |
|
|
|
Profit for the period |
| 40,216 | 57,147 |
|
|
|
|
Adjustments for |
|
|
|
Depreciation and amortization | 17/18 | 10,339 | 16,452 |
Change in provisions and liability for post-employment benefits | 10/21 | 3,900 | (5,903) |
Interest income | 8 | (29) | (43) |
Interest expenses | 8 | 119 | 90 |
Income taxes | 11 | 8,928 | 8,860 |
Equity-settled share-based payment transactions | 10 | 5,288 | 7,515 |
Other non-cash items |
| 1,657 | 262 |
|
|
|
|
Change in working capital |
|
|
|
Trade accounts receivable | 14 | (19,651) | 12,764 |
Inventories | 15 | (25,490) | 2,509 |
Trade accounts payable |
| 731 | (3,787) |
Other changes in working capital (net) |
| 31,095 | 11,690 |
|
|
|
|
Income taxes paid |
| (8,912) | (8,428) |
|
|
|
|
Cash inflows from operating activities |
| 48,191 | 99,128 |
|
|
|
|
Interest received |
| 28 | 43 |
Acquisition of Sias-Xiril Group, net of cash acquired | 3 | – | (18,899) |
Acquisition of IBL International Group, net of cash acquired | 3 | (31,835) | – |
Acquisition of Tecan Australia Pty Ltd. – earn-out paid |
| (119) | – |
Purchase of property, plant and equipment | 17 | (5,316) | (4,674) |
Proceeds from sales of property, plant and equipment | 17 | 227 | 73 |
Investment in intangible assets | 18 | (17,313) | (10,049) |
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|
|
|
Cash outflows from investing activities |
| (54,328) | (33,506) |
|
|
|
|
Proceeds from employee participation plans | 10.4 | 3,373 | 2,388 |
Dividends paid | 22 | (16,651) | (16,857) |
Proceeds from sales of treasury shares | 22 | 14 | 31,556 |
Change in current bank liabilities | 19 | (655) | (2,713) |
Increase in bank loans | 19 | 1,372 | 477 |
Repayment of bank loans | 19 | (2,793) | (20) |
Repayment of other loans | 19 | (370) | – |
Interest paid |
| (118) | (91) |
|
|
|
|
Cash (out)/inflows from financing activities |
| (15,828) | 14,740 |
|
|
|
|
Effect of exchange rate fluctuations on cash held |
| 303 | (643) |
|
|
|
|
(Decrease)/increase in cash and cash equivalents |
| (21,662) | 79,719 |
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|
|
|
Cash and cash equivalents at January 1 |
| 150,377 | 128,715 |
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|
|
|
Cash and cash equivalents at December 31 | 12 | 128,715 | 208,434 |
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