Chart

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 

 

 

 

 

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) 

 

 

 

 

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) 

 

 

 

 

Cash outflows from financing activities

 

(26,214)

 (15,158) 

 

 

 

 

Effect of exchange rate fluctuations on cash held

 

13

 807 

 

 

 

 

Increase in cash and cash equivalents

 

38,310

 62,668 

 

 

 

 

Cash and cash equivalents, net of bank overdrafts at January 1

 

208,434

 246,744 

 

 

 

 

Cash and cash equivalents, net of bank overdrafts at December 31

12

246,744

 309,412 

EN DE