Consolidated cash flow statement

CHF million	Note	Financial year ended 30.06.2024	Financial year ended 30.06.2023
Net profit		82.2	88.5
Depreciation and amortization	2.3	128.1	136.8
Income tax expenses	1.6	51.9	53.7
Interest expenses	1.5	37.3	41.5
Interest income	1.5	–2.4	–1.4
(Gain) Loss on disposal of fixed assets, net		–5.5	0.0
Adjustment for other non-cash and non-operational items		–6.1	12.9
Change in trade receivables		–26.4	–4.4
Change in inventories		–14.3	16.8
Change in other current assets		–0.8	–5.9
Change in trade payables		14.8	–5.9
Change in accrued pension and other employee benefits		2.7	6.2
Change in provisions, accrued and other current liabilities		120.1	24.6
Cash generated from operations		381.6	363.4
Income taxes paid		–60.6	–42.3
Interest paid		–37.2	–34.1
Interest received		2.4	1.4
Net cash from operating activities		286.2	288.4
Cash flows from investing activities
Additions of property, plant, and equipment	2.3	–61.6	–61.5
Proceeds from sale of property, plant, and equipment	2.3	9.4	1.1
Additions of intangible assets	2.3	–37.0	–37.0
Change in non-current financial assets		–0.2	–1.8
Acquisition of subsidiaries, net of cash acquired	4.3	–4.2	–12.3
Sale of subsidiaries, net of cash sold	4.3	–0.1	–0.3
Sale of investment in associates and joint ventures	4.2	12.1	0.0
Net cash used in investing activities		–81.6	–111.8
Free cash flow	5.2	204.6	176.6
Cash flows from financing activities
New bonds issued	3.1	0.0	274.2
Other proceeds from (repayment of) current borrowings, net	3.1	–110.8	–357.5
Proceeds from (repayment of) non-current borrowings, net	3.1	5.9	–1.9
Change in other non-current liabilities		–0.1	–0.1
Dividends paid to company’s shareholders	3.3	–39.8	–48.1
Dividends paid to minority shareholders		–33.1	–43.4
(Purchase) Sale of treasury shares	3.2	0.0	–1.0
Net cash flows from financing activities		–177.9	–177.8
Translation exchange differences		1.6	18.8
Net increase (decrease) in cash and cash equivalents		28.3	17.6
Cash and cash equivalents at beginning of period		122.1	104.5
Cash and cash equivalents at end of period		150.4	122.1
Net increase (decrease) in cash and cash equivalents		28.3	17.6