Consolidated statement of cash flows
| Notes | 2012 | 2013 |
---|---|---|---|
CHF 1,000 | Restated (note 2.3) | ||
Profit for the period | 42,365 | 45,671 | |
Adjustments for | |||
Depreciation and amortization | 17/ 18 | 10,262 | 10,259 |
Change in provisions and liability for post-employment benefits | 10/21 | 326 | 6,001 |
Interest income | 8 | (143) | (115) |
Interest expenses | 8 | 84 | 179 |
Income taxes | 11 | 10,373 | 9,822 |
Equity-settled share-based payment transactions | 10 | 3,035 | 2,359 |
Other non-cash items | 1,206 | 424 | |
Change in working capital | |||
Trade accounts receivable | 14 | (10,959) | 6,538 |
Inventories | 15 | (41,270) | (36,357) |
Trade accounts payable | (2,079) | (338) | |
Other changes in working capital (net) | 239 | (7,546) | |
Income taxes paid | (11,034) | (8,988) | |
Cash inflows from operating activities | 2,405 | 27,909 | |
Repayment of time deposits and current loans | 533 | – | |
Interest received | 139 | 109 | |
Acquisition of Tecan Australia Pty Ltd, net of cash acquired | 3 | (119) | – |
Contingent consideration paid | 3 | – | (145) |
Purchase of property, plant and equipment | 17 | (9,091) | (7,197) |
Proceeds from sales of property, plant and equipment | 17 | 80 | 85 |
Investment in intangible assets | 18 | (4,887) | (12,580) |
Cash outflows from investing activities | | (13,345) | (19,728) |
New shares issued upon exercise of employee share options | 22 | (2) | – |
Dividends paid | 22 | (13,532) | (16,488) |
Purchase of treasury shares | 22 | – | (6) |
Proceeds from sales of treasury shares | 22 | 3,403 | 10,762 |
Change in current bank liabilities | 19 | (11) | 2,028 |
Increase in bank loans | 19 | 1,036 | 1,654 |
Interest paid | (83) | (178) | |
Cash outflows from financing activities | | (9,189) | (2,228) |
Effect of exchange rate fluctuations on cash held | (440) | (96) | |
(Decrease)/increase in cash and cash equivalents | | (20,569) | 5,857 |
Cash and cash equivalents at January 1 | 165,089 | 144,520 | |
Cash and cash equivalents at December 31 | | 144,520 | 150,377 |
Cash and cash equivalents as per cash flow statement comprise | |||
Cash and cash equivalents as per balance sheet | 12 | 144,528 | 150,377 |
./. Bank overdrafts under bank pooling arrangements | 19 | (8) | – |
= Cash and cash equivalents as per cash flow statement | | 144,520 | 150,377 |