Consolidated cash flow statement
|
|
|
|
|
|
in CHF million | Note |
| Financial year ended 30.06.2018 |
| Financial year ended 30.06.2017 |
Net profit |
|
| 238.7 |
| 224.6 |
Depreciation and amortization | 14 |
| 66.7 |
| 60.3 |
Income tax expenses | 10 |
| 77.0 |
| 70.6 |
Interest expenses | 8 |
| 43.2 |
| 17.3 |
Interest income | 9 |
| –2.0 |
| –1.8 |
(Gain) Loss on disposal of fixed assets, net |
|
| –1.0 |
| –2.3 |
Adjustment for non-cash items |
|
| 10.2 |
| 16.5 |
Change in trade receivables |
|
| –31.5 |
| –28.9 |
Change in inventories |
|
| –12.4 |
| –13.9 |
Change in other current assets |
|
| 7.4 |
| –16.4 |
Change in trade payables |
|
| 11.8 |
| 13.5 |
Change in accrued pension cost |
|
| 2.8 |
| 0.6 |
Change in accrued and other current liabilities |
|
| –43.7 |
| 14.6 |
Cash generated from operations |
|
| 367.2 |
| 354.7 |
Income taxes paid |
|
| –59.8 |
| –74.5 |
Interest paid |
|
| –40.5 |
| –16.7 |
Interest received |
|
| 2.0 |
| 1.8 |
Net cash from operating activities |
|
| 268.9 |
| 265.3 |
Cash flows from investing activities |
|
|
|
|
|
Additions of property, plant and equipment | 14 |
| –91.7 |
| –73.3 |
Proceeds from sale of property, plant and equipment | 14 |
| 3.4 |
| 8.1 |
Acquisition of subsidiaries, net of cash acquired | 4 |
| –140.0 |
| –884.9 |
Acquisition of associates and joint ventures |
|
| –1.5 |
| –1.0 |
Sale of subsidiaries, net of cash sold |
|
| 20.8 |
| –0.3 |
Additions of intangible assets | 14 |
| –23.6 |
| –11.4 |
Change in other non-current financial assets and prepaid transaction costs |
|
| 0.8 |
| –1.7 |
Net cash used in investing activities |
|
| –231.8 |
| –964.5 |
Cash flows from financing activities |
|
|
|
|
|
Other proceeds from (repayment of) current borrowings, net | 18 |
| –694.6 |
| 756.7 |
Proceeds from (repayment of) non-current borrowings | 18 |
| –0.4 |
| –8.4 |
Change in other non-current liabilities |
|
| –0.1 |
| 0.8 |
New bonds issued |
|
| 680.5 |
| 0.0 |
Dividends paid to minority shareholders |
|
| –54.7 |
| –27.5 |
(Purchase) Sale of treasury stock |
|
| –1.9 |
| –20.8 |
New shares issued |
|
| 0.0 |
| 3.7 |
Dividends paid to company’s shareholders |
|
| –58.6 |
| –50.4 |
Net cash flows from financing activities |
|
| –129.8 |
| 654.1 |
Translation exchange differences |
|
| 49.7 |
| 20.2 |
Net increase (decrease) in cash and cash equivalents |
|
| –43.0 |
| –24.9 |
Cash and cash equivalents at beginning of period |
|
| 188.3 |
| 213.2 |
Cash and cash equivalents at end of period |
|
| 145.3 |
| 188.3 |
Net increase (decrease) in cash and cash equivalents |
|
| –43.0 |
| –24.9 |