Consolidated cash flow statement
|
|
|
|
|
|
|
in CHF million |
|
Reporting half-year ended 31.12.2018 |
|
Reporting half-year ended 31.12.2017 |
|
Net profit |
|
126.7 |
|
113.6 |
|
Depreciation and amortization |
|
34.9 |
|
32.8 |
|
Income tax expenses |
|
43.4 |
|
42.0 |
|
Interest expenses |
|
17.0 |
|
20.4 |
|
Interest income |
|
–0.8 |
|
–0.7 |
|
(Gain) Loss on disposal of fixed assets, net |
|
–4.4 |
|
–0.3 |
|
Adjustment for non-cash items |
|
4.2 |
|
6.8 |
|
Change in trade receivables |
|
29.2 |
|
5.5 |
|
Change in inventories |
|
–50.1 |
|
–26.4 |
|
Change in other current assets |
|
–13.2 |
|
9.2 |
|
Change in trade payables |
|
–24.1 |
|
–7.5 |
|
Change in accrued pension cost |
|
2.9 |
|
5.1 |
|
Change in accrued and other current liabilities |
|
–16.6 |
|
–52.7 |
|
Cash generated from operations |
|
149.1 |
|
147.8 |
|
Income taxes paid |
|
–25.8 |
|
–36.2 |
|
Interest paid |
|
–19.6 |
|
–19.7 |
|
Interest received |
|
0.8 |
|
0.7 |
|
Net cash from operating activities |
|
104.5 |
|
92.6 |
|
Cash flows from investing activities |
|
|
|
|
|
Additions of property, plant and equipment |
|
–32.3 |
|
–44.8 |
|
Proceeds from sale of property, plant and equipment |
|
8.5 |
|
4.4 |
|
Acquisition of subsidiaries, net of cash acquired |
|
–3.6 |
|
–99.5 |
|
Acquisition of associates and joint ventures |
|
0.0 |
|
–1.5 |
|
Sale of subsidiaries, net of cash sold |
|
0.0 |
|
3.8 |
|
Sale of investment in associates and joint ventures |
|
41.1 |
|
0.0 |
|
Additions of intangible assets |
|
–12.9 |
|
–11.2 |
|
Change in other non-current financial assets and prepaid transaction costs |
|
–5.6 |
|
0.1 |
|
Net cash used in investing activities |
|
–4.8 |
|
–148.7 |
|
Cash flows from financing activities |
|
|
|
|
|
Other proceeds from (repayment of) current borrowings, net |
|
57.0 |
|
–566.4 |
|
Proceeds from (repayment of) non-current borrowings, net |
|
0.4 |
|
–0.4 |
|
Change in other non-current liabilities |
|
–0.8 |
|
0.2 |
|
New bonds issued |
|
0.0 |
|
680.6 |
|
Dividends paid to minority shareholders |
|
–54.9 |
|
–54.7 |
|
(Purchase) Sale of treasury stock |
|
–38.7 |
|
–1.7 |
|
Dividends paid to company’s shareholders |
|
–62.2 |
|
–58.6 |
|
Net cash flows from financing activities |
|
–99.2 |
|
–1.0 |
|
Translation exchange differences |
|
–11.9 |
|
50.0 |
|
Net increase (decrease) in cash and cash equivalents |
|
–11.4 |
|
–7.1 |
|
Cash and cash equivalents at beginning of period |
|
145.3 |
|
188.3 |
|
Cash and cash equivalents at end of period |
|
133.9 |
|
181.2 |
|
Net increase (decrease) in cash and cash equivalents |
|
–11.4 |
|
–7.1 |