Consolidated cash flow statement
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|
|
|
|
|
CHF million | Note |
| Financial year ended 30.06.2019 |
| Financial year ended 30.06.2018 |
Net profit |
|
| 252.5 |
| 238.7 |
Depreciation and amortization | 2.3 |
| 73.0 |
| 66.7 |
Income tax expenses | 1.5 |
| 80.2 |
| 77.0 |
Interest expenses | 1.4 |
| 42.1 |
| 43.2 |
Interest income | 1.4 |
| –1.4 |
| –2.0 |
(Gain) Loss on disposal of fixed assets, net |
|
| –8.6 |
| –1.0 |
Adjustment for non-cash items |
|
| 5.6 |
| 10.2 |
Change in trade receivables |
|
| –13.0 |
| –31.5 |
Change in inventories |
|
| –36.2 |
| –12.4 |
Change in other current assets |
|
| –2.2 |
| 7.4 |
Change in trade payables |
|
| –27.5 |
| 11.8 |
Change in accrued pension cost |
|
| 3.9 |
| 2.8 |
Change in accrued and other current liabilities |
|
| 4.4 |
| –43.7 |
Cash generated from operations |
|
| 372.8 |
| 367.2 |
Income taxes paid |
|
| –51.2 |
| –59.8 |
Interest paid |
|
| –42.3 |
| –40.5 |
Interest received |
|
| 1.4 |
| 2.0 |
Net cash from operating activities |
|
| 280.7 |
| 268.9 |
Cash flows from investing activities |
|
|
|
|
|
Additions of property, plant, and equipment | 2.3 |
| –84.4 |
| –91.7 |
Proceeds from sale of property, plant, and equipment | 2.3 |
| 14.0 |
| 3.4 |
Additions of intangible assets | 2.3 |
| –27.0 |
| –23.6 |
Change in other non-current financial assets and prepaid transaction costs |
|
| –3.6 |
| 0.8 |
Acquisition of subsidiaries, net of cash acquired | 4.3 |
| –6.2 |
| –140.0 |
Sale of subsidiaries, net of cash sold | 4.3 |
| 0.0 |
| 20.8 |
Acquisition of associates and joint ventures | 4.2 |
| –1.5 |
| –1.5 |
Sale of investment in associates and joint ventures | 4.2 |
| 40.9 |
| 0.0 |
Net cash used in investing activities |
|
| –67.8 |
| –231.8 |
Cash flows from financing activities |
|
|
|
|
|
Other proceeds from (repayment of) current borrowings, net | 3.1 |
| –71.6 |
| –694.6 |
Proceeds from (repayment of) non-current borrowings, net | 3.1 |
| 4.4 |
| –0.4 |
Change in other non-current liabilities |
|
| –0.9 |
| –0.1 |
New bonds issued | 3.1 |
| 0.0 |
| 680.5 |
Dividends paid to company’s shareholders | 3.3 |
| –62.2 |
| –58.6 |
Dividends paid to minority shareholders |
|
| –54.9 |
| –54.7 |
(Purchase) Sale of treasury shares | 3.2 |
| –38.7 |
| –1.9 |
Net cash flows from financing activities |
|
| –223.9 |
| –129.8 |
Translation exchange differences |
|
| –11.9 |
| 49.7 |
Net increase (decrease) in cash and cash equivalents |
|
| –22.9 |
| –43.0 |
Cash and cash equivalents at beginning of period |
|
| 145.3 |
| 188.3 |
Cash and cash equivalents at end of period |
|
| 122.4 |
| 145.3 |
Net increase (decrease) in cash and cash equivalents |
|
| –22.9 |
| –43.0 |