INTERIM Consolidated statement of cash flows
| Notes | 2019 | 2020 |
January to June, CHF 1,000 |
|
|
|
Profit for the period |
| 25,338 | 36,038 |
|
|
|
|
Adjustments for |
|
|
|
Depreciation and amortization |
| 16,314 | 17,542 |
Change in provisions and liability for post-employment benefits |
| (2,100) | (1,042) |
Interest income |
| (14) | (16) |
Interest expenses |
| 587 | 456 |
Income taxes |
| 4,765 | 5,296 |
Equity-settled share-based payment transactions |
| 10,762 | 8,030 |
Other non-cash items |
| (180) | 1,649 |
|
|
|
|
Change in working capital |
|
|
|
Trade accounts receivable |
| 5,592 | 23,432 |
Inventories | 8 | (112) | (12,251) |
Trade accounts payable |
| (3,963) | 6,703 |
Contract liabilities |
| (3,116) | 8,687 |
Other changes in working capital (net) |
| (11,798) | (3,723) |
|
|
|
|
Settlement of contingent consideration |
| (800) | - |
Income taxes paid |
| (5,306) | (7,959) |
|
|
|
|
Cash inflows from operating activities |
| 35,969 | 82,842 |
|
|
|
|
Investment in time deposits |
| - | (120,000) |
Sale of an unquoted equity investment | 3.2 | - | 4,588 |
Interest received |
| 14 | 14 |
Acquisition of DCPM/PMAS, net of cash acquired | 3.1 | (21,226) | - |
Settlement of contingent consideration |
| (4,200) | - |
Purchase of property, plant and equipment |
| (4,712) | (4,972) |
Proceeds from sale of property, plant and equipment |
| 38 | 5 |
Investment in intangible assets |
| (6,635) | (10,242) |
|
|
|
|
Cash outflows from investing activities |
| (36,721) | (130,607) |
|
|
|
|
Proceeds from employee participation plans |
| 1,170 | 2,108 |
Dividends paid | 9.2 | (24,835) | (26,242) |
Payment of lease liabilities |
| (4,860) | (5,217) |
Increase in/repayment of short-term credit facilities |
| 2,299 | 3,001 |
Increase in bank loans |
| 568 | 239 |
Repayment of bank loans |
| - | (1,397) |
Interest paid |
| (430) | (454) |
|
|
|
|
Cash outflows from financing activities |
| (26,088) | (27,962) |
|
|
|
|
Effect of exchange rate fluctuations on cash held |
| (303) | (870) |
|
|
|
|
Decrease in cash and cash equivalents |
| (27,143) | (76,597) |
|
|
|
|
Cash and cash equivalents, net of bank overdrafts at January 1 |
| 296,836 | 266,274 |
|
|
|
|
Cash and cash equivalents, net of bank overdrafts at June 30 |
| 269,693 | 189,677 |
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