INTERIM Consolidated statement of cash flows
| Notes | 2020 | 2021 |
January to June, CHF 1,000 |
|
|
|
Profit for the period |
| 36,038 | 82,563 |
|
|
|
|
Adjustments for |
|
|
|
Depreciation and amortization |
| 17,542 | 17,195 |
Change in government grants, liability for post-employment benefits and provisions |
| (1,042) | 3,683 |
Interest income |
| (16) | (16) |
Interest expenses |
| 456 | 846 |
Income taxes |
| 5,296 | 12,468 |
Equity-settled share-based payment transactions |
| 8,030 | 8,558 |
Other non-cash items |
| 1,649 | (3,797) |
|
|
|
|
Change in working capital |
|
|
|
Trade accounts receivable |
| 23,432 | 14,323 |
Inventories | 8 | (12,251) | (2,912) |
Trade accounts payable |
| 6,703 | (143) |
Contract liabilities |
| 8,687 | (11,434) |
Other changes in working capital (net) |
| (3,723) | (91) |
|
|
|
|
Income taxes paid |
| (7,959) | (9,828) |
|
|
|
|
Cash inflows from operating activities |
| 82,842 | 111,415 |
|
|
|
|
Investment in time deposits |
| (120,000) | (50,000) |
Repayment of time deposits |
| - | 50,000 |
Acquisition of an unquoted equity investment |
| - | (4,367) |
Sale of an unquoted equity investment |
| 4,588 | - |
Interest received |
| 14 | 12 |
Purchase of property, plant and equipment |
| (4,972) | (9,699) |
Proceeds from sale of property Hombrechtikon | 3 | - | 4,195 |
Proceeds from sale of other property, plant and equipment |
| 5 | 28 |
Investment in intangible assets |
| (10,242) | (6,247) |
Receipt of government grants |
| - | 2,437 |
|
|
|
|
Cash outflows from investing activities |
| (130,607) | (13,641) |
|
|
|
|
Proceeds from employee participation plans |
| 2,108 | 1,749 |
Dividends paid | 10.2 | (26,242) | (27,612) |
Payment of lease liabilities |
| (5,217) | (5,336) |
Increase in/repayment of short-term credit facilities |
| 3,001 | 49 |
Increase in bank loans |
| 239 | - |
Repayment of bank loans |
| (1,397) | (54) |
Interest paid |
| (454) | (842) |
|
|
|
|
Cash outflows from financing activities |
| (27,962) | (32,046) |
|
|
|
|
Effect of exchange rate fluctuations on cash held |
| (870) | 978 |
|
|
|
|
(Decrease)/increase in cash and cash equivalents |
| (76,597) | 66,706 |
|
|
|
|
Cash and cash equivalents at January 1 |
| 266,274 | 148,440 |
|
|
|
|
Cash and cash equivalents at June 30 |
| 189,677 | 215,146 |
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