Consolidated statement of cash flows
| Notes | 2015 | 2016 |
CHF 1,000 |
|
|
|
Profit for the period |
| 57,147 | 54,542 |
|
|
|
|
Adjustments for |
|
|
|
Depreciation and amortization | 17/18 | 16,452 | 20,894 |
Change in provisions and liability for post-employment benefits | 10/21 | (5,903) | 2,690 |
Interest income | 8 | (43) | (309) |
Interest expenses | 8 | 90 | 336 |
Income taxes | 11 | 8,860 | 10,886 |
Equity-settled share-based payment transactions | 10 | 7,515 | 12,878 |
Other non-cash items |
| 262 | (1,377) |
|
|
|
|
Change in working capital |
|
|
|
Trade accounts receivable | 14 | 12,764 | (4,529) |
Inventories | 15 | 2,509 | 9,375 |
Trade accounts payable |
| (3,787) | (1,776) |
Other changes in working capital (net) |
| 11,690 | 25,113 |
|
|
|
|
Income taxes paid |
| (8,428) | (9,922) |
|
|
|
|
Cash inflows from operating activities |
| 99,128 | 118,801 |
|
|
|
|
Interest received |
| 43 | 265 |
Acquisition of SPEware Group, net of cash acquired | 3 | – | (40,309) |
Acquisition of Sias-Xiril Group, net of cash acquired | 3 | (18,899) | – |
Purchase of property, plant and equipment | 17 | (4,674) | (6,780) |
Proceeds from sales of property, plant and equipment | 17 | 73 | 76 |
Investment in intangible assets | 18 | (10,049) | (7,542) |
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|
|
|
Cash outflows from investing activities |
| (33,506) | (54,290) |
|
|
|
|
Proceeds from employee participation plans | 10.4 | 2,388 | 1,954 |
Dividends paid | 22 | (16,857) | (20,122) |
Proceeds from sales of treasury shares | 22 | 31,556 | – |
Change in current bank liabilities | 19 | (2,713) | (1,475) |
Increase in bank loans | 19 | 477 | 716 |
Repayment of bank loans | 19 | (20) | (3,535) |
Repayment of other loans | 19 | – | (3,543) |
Interest paid |
| (91) | (209) |
|
|
|
|
Cash in/(out) flows from financing activities |
| 14,740 | (26,214) |
|
|
|
|
Effect of exchange rate fluctuations on cash held |
| (643) | 13 |
|
|
|
|
Increase in cash and cash equivalents |
| 79,719 | 38,310 |
|
|
|
|
Cash and cash equivalents at January 1 |
| 128,715 | 208,434 |
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|
|
|
Cash and cash equivalents at December 31 | 12 | 208,434 | 246,744 |
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