Consolidated cash flow statement
CHF million | Note |
| Financial year ended 30.06.2021 |
| Financial year ended 30.06.2020 |
Net profit |
|
| 193.3 |
| 164.1 |
Depreciation and amortization | 2.3 |
| 78.8 |
| 71.8 |
Income tax expenses | 1.5 |
| 56.3 |
| 47.1 |
Interest expenses | 1.4 |
| 19.5 |
| 36.7 |
Interest income | 1.4 |
| –0.9 |
| –1.2 |
(Gain) Loss on disposal of fixed assets, net |
|
| –0.6 |
| –2.8 |
Adjustment for non-cash items |
|
| 6.9 |
| 9.6 |
Change in trade receivables |
|
| –29.0 |
| 94.7 |
Change in inventories |
|
| –1.1 |
| –5.6 |
Change in other current assets |
|
| –0.3 |
| –2.9 |
Change in trade payables |
|
| 36.2 |
| 0.1 |
Change in accrued pension cost |
|
| –0.4 |
| 3.7 |
Change in accrued and other current liabilities |
|
| 25.8 |
| –7.4 |
Cash generated from operations |
|
| 384.5 |
| 407.9 |
Income taxes paid |
|
| –52.1 |
| –44.7 |
Interest paid |
|
| –19.9 |
| –36.3 |
Interest received |
|
| 1.0 |
| 1.2 |
Net cash from operating activities |
|
| 313.5 |
| 328.1 |
Cash flows from investing activities |
|
|
|
|
|
Additions of property, plant, and equipment | 2.3 |
| –46.6 |
| –59.6 |
Proceeds from sale of property, plant, and equipment | 2.3 |
| 2.9 |
| 8.8 |
Additions of intangible assets | 2.3 |
| –29.5 |
| –35.3 |
Change in non-current financial assets |
|
| –0.8 |
| 0.9 |
Acquisition of subsidiaries, net of cash acquired | 4.3 |
| –18.6 |
| –147.2 |
Sale of subsidiaries, net of cash sold | 4.3 |
| –0.9 |
| 0.0 |
Acquisition of associates and joint ventures | 4.2 |
| –2.0 |
| 0.0 |
Net cash used in investing activities |
|
| –95.5 |
| –232.4 |
Free cash flow | 5.1 |
| 218.0 |
| 95.7 |
Cash flows from financing activities |
|
|
|
|
|
Buyback of own bond | 3.1 |
| –20.0 |
| 0.0 |
Other proceeds from (repayment of) current borrowings, net | 3.1 |
| –128.1 |
| 59.0 |
Proceeds from (repayment of) non-current borrowings, net | 3.1 |
| 0.1 |
| 2.1 |
Change in other non-current liabilities |
|
| –0.5 |
| –1.4 |
Dividends paid to company’s shareholders | 3.3 |
| –43.7 |
| –66.5 |
Dividends paid to minority shareholders |
|
| –39.7 |
| –59.0 |
Net cash flows from financing activities |
|
| –231.9 |
| –65.8 |
Translation exchange differences |
|
| 26.2 |
| 4.5 |
Net increase (decrease) in cash and cash equivalents |
|
| 12.3 |
| 34.4 |
Cash and cash equivalents at beginning of period |
|
| 156.8 |
| 122.4 |
Cash and cash equivalents at end of period |
|
| 169.1 |
| 156.8 |
Net increase (decrease) in cash and cash equivalents |
|
| 12.3 |
| 34.4 |