Consolidated statement of cash flows
| Notes | 2016 | 2017 |
CHF 1,000 |
|
|
|
Profit for the period |
| 54,542 | 66,547 |
|
|
|
|
Adjustments for |
|
|
|
Depreciation, amortization and impairment losses | 17/18 | 20,894 | 24,829 |
Change in provisions and liability for post-employment benefits | 10/21 | 2,690 | (3,522) |
Interest income | 8 | (309) | (31) |
Interest expenses | 8 | 336 | 471 |
Income taxes | 11 | 10,886 | 13,130 |
Equity-settled share-based payment transactions | 10 | 12,878 | 12,807 |
Other non-cash items |
| (1,377) | 3,628 |
|
|
|
|
Change in working capital |
|
|
|
Trade accounts receivable | 14 | (4,529) | (15,608) |
Inventories | 15 | 9,375 | 10,327 |
Trade accounts payable |
| (1,776) | 3,551 |
Other changes in working capital (net) |
| 25,113 | (3,134) |
|
|
|
|
Income taxes paid |
| (9,922) | (13,567) |
|
|
|
|
Cash inflows from operating activities |
| 118,801 | 99,428 |
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|
|
|
Interest received |
| 265 | 29 |
Acquisition of Pulssar Technologies S.A.S., net of cash acquired | 3.2 | – | (2,895) |
Acquisition of SPEware Group, net of cash acquired | 3.2 | (40,309) | – |
Purchase of property, plant and equipment | 17 | (6,780) | (8,142) |
Proceeds from sales of property, plant and equipment | 17 | 76 | 98 |
Investment in intangible assets | 18 | (7,542) | (11,499) |
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|
|
|
Cash outflows from investing activities |
| (54,290) | (22,409) |
|
|
|
|
Proceeds from employee participation plans | 10.4 | 1,954 | 3,369 |
Dividends paid | 22 | (20,122) | (20,315) |
Change in current bank liabilities | 19 | (1,475) | 3,216 |
Increase in bank loans | 19 | 716 | 437 |
Repayment of bank loans | 19 | (3,455) | (1,503) |
Repayment of morgage (held for sale) | 3.3 | (80) | (80) |
Repayment of other loans | 19 | (3,543) | - |
Interest paid |
| (209) | (282) |
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|
|
|
Cash outflows from financing activities |
| (26,214) | (15,158) |
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|
|
|
Effect of exchange rate fluctuations on cash held |
| 13 | 807 |
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|
|
|
Increase in cash and cash equivalents |
| 38,310 | 62,668 |
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|
|
Cash and cash equivalents, net of bank overdrafts at January 1 |
| 208,434 | 246,744 |
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|
Cash and cash equivalents, net of bank overdrafts at December 31 | 12 | 246,744 | 309,412 |
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