Chart

Consolidated statement of cash flows

 

Notes

2017

2018

 

 

(Restated)

 

CHF 1,000

 

 

 

Profit for the period

 

65,930

70,696

 

 

 

 

Adjustments for

 

 

 

  Depreciation, amortization and impairment losses

18/19

24,829

21,769

  Change in provisions and liability for post-employment benefits

11/22

(3,633)

2,625

  Interest income

9

(31)

(44)

  Interest expenses

9

471

400

  Income taxes

12

13,062

12,702

  Equity-settled share-based payment transactions

11

12,807

11,153

  Fair value adjustment of contingent considerations

8

1,036

(1,894)

  Other non-cash items

 

2,592

15

 

 

 

 

Change in working capital

 

 

 

  Trade accounts receivable 

15

(16,196)

6,657

  Inventories

16

11,174

(7,944)

  Trade accounts payable

 

3,551

(3,575)

  Contract liabilities

21

(5,678)

(3,940)

  Other changes in working capital (net)

 

3,081

(1,332)

 

 

 

 

Settlement of contingent consideration

20

(290)

Income taxes paid

 

(13,567)

(14,296)

 

 

 

 

Cash inflows from operating activities

 

99,428

92,702

 

 

 

 

Acquisition of an unquoted equity investment

17

(4,000)

Interest received

 

29

40

Settlement of contingent consideration

20

(4,546)

Acquisition of NuGEN Technologies, Inc., net of cash acquired

3.2

(43,805)

Acquisition of Pulssar Technologies S.A.S., net of cash acquired

3.2

(2,895)

Purchase of property, plant and equipment

18

(8,142)

(11,800)

Proceeds from sales of property, plant and equipment

18

98

68

Investment in intangible assets

19

(11,499)

(14,393)

 

 

 

 

Cash outflows from investing activities

 

(22,409)

(78,436)

 

 

 

 

Proceeds from employee participation plans

11.4

3,369

2,454

Dividends paid

23

(20,315)

(23,462)

Increase in/repayment of short-term credit facilities

20

3,216

(3,209)

Increase in bank loans

20

437

Repayment of bank loans

20

(1,503)

Repayment of mortgage and settlement of interest derivative (held for sale)

3.3

(80)

(1,537)

Interest paid

 

(282)

(397)

 

 

 

 

Cash outflows from financing activities

 

(15,158)

(26,151)

 

 

 

 

Effect of exchange rate fluctuations on cash held

 

807

(691)

 

 

 

 

Increase/(decrease) in cash and cash equivalents

 

62,668

(12,576)

 

 

 

 

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

 

246,744

309,412

 

 

 

 

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

13

309,412

296,836