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 |
Follow Tecan