Chart

Interim consolidated statement of cash flows

 

Notes

2018

2019

January to June, CHF 1,000

 

 

 

Profit for the period

 

 29,176 

 25,338 

 

 

 

 

Adjustments for

 

 

 

  Depreciation and amortization

 

 10,301 

 16,314 

  Change in provisions and liability for post-employment benefits

 

 1,290 

 (2,100) 

  Interest income

 

 (26) 

 (14) 

  Interest expenses

 

 230 

 587 

  Income taxes

 

 5,594 

 4,765 

  Equity-settled share-based payment transactions

 

 7,969 

 10,762 

  Fair value adjustment of contingent considerations

 

 210 

  Other non-cash items

 

 (723) 

 (180) 

 

 

 

 

Change in working capital

 

 

 

  Trade accounts receivable 

 

 14,649 

 5,592 

  Inventories

7

 (7,004) 

 (112) 

  Trade accounts payable

 

 (715) 

 (3,963) 

  Contract liabilities

 

 (298) 

 (3,116) 

  Other changes in working capital (net)

 

 (13,364) 

 (11,798) 

 

 

 

 

Settlement of contingent consideration

3.2

 (290) 

 (800) 

Income taxes paid

 

 (8,637) 

 (5,306) 

 

 

 

 

Cash inflows from operating activities

 

 38,362 

 35,969 

 

 

 

 

Acquisition of an unquoted equity investment

10.3

 (4,000) 

Interest received

 

 26 

 14 

Acquisition of DCPM/PMAS, net of cash acquired

3.1

 (21,226) 

Settlement of contingent consideration

3.2

 (4,546) 

 (4,200) 

Purchase of property, plant and equipment

 

 (5,077) 

 (4,712) 

Proceeds from sale of property, plant and equipment

 

 30 

 38 

Investment in intangible assets

 

 (7,221) 

 (6,635) 

 

 

 

 

Cash outflows from investing activities

 

 (20,788) 

 (36,721) 

 

 

 

 

Proceeds from employee participation plans

 

 1,863 

 1,170 

Dividends paid

8.2

 (23,462) 

 (24,835) 

Payment of lease liabilities

 

 (4,860) 

Increase in/repayment of short-term credit facilities

 

 (2,397) 

 2,299 

Increase in bank loans

 

 568 

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

 

 (1,537) 

Interest paid

 

 (230) 

 (430) 

 

 

 

 

Cash outflows from financing activities

 

 (25,763) 

 (26,088) 

 

 

 

 

Effect of exchange rate fluctuations on cash held

 

 (159) 

 (303) 

 

 

 

 

Decrease in cash and cash equivalents

 

 (8,348) 

 (27,143) 

 

 

 

 

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

 

 309,412 

 296,836 

 

 

 

 

Cash and cash equivalents, net of bank overdrafts at June 30

 

 301,064 

 269,693 

EN DE