Consolidated cash flow statement
CHF million |
| Reporting half-year ended 31.12.2021 |
| Reporting half-year ended 31.12.2020 |
Net profit |
| 100.6 |
| 99.9 |
Depreciation and amortization |
| 41.9 |
| 37.7 |
Income tax expenses |
| 30.0 |
| 29.9 |
Interest expenses |
| 9.3 |
| 9.7 |
Interest income |
| –0.5 |
| –0.5 |
(Gain) Loss on disposal of fixed assets, net |
| –1.7 |
| –0.1 |
Adjustment for non-cash items |
| –0.6 |
| 7.4 |
Change in trade receivables |
| –2.8 |
| 7.5 |
Change in inventories |
| –71.7 |
| 22.6 |
Change in other current assets |
| –10.1 |
| 9.6 |
Change in trade payables |
| 12.7 |
| 21.2 |
Change in accrued pension cost |
| –0.6 |
| 2.4 |
Change in accrued and other current liabilities |
| –18.8 |
| –13.7 |
Cash generated from operations |
| 87.7 |
| 233.6 |
Income taxes paid |
| –27.0 |
| –27.4 |
Interest paid |
| –11.9 |
| –12.4 |
Interest received |
| 0.5 |
| 0.5 |
Net cash from operating activities |
| 49.3 |
| 194.3 |
Cash flows from investing activities |
|
|
|
|
Additions of property, plant, and equipment |
| –25.6 |
| –21.3 |
Proceeds from sale of property, plant, and equipment |
| 2.2 |
| 0.1 |
Additions of intangible assets |
| –10.6 |
| –9.5 |
Change in non-current financial assets |
| 0.5 |
| –2.8 |
Acquisition of subsidiaries, net of cash acquired |
| –80.7 |
| –5.7 |
Sale of subsidiaries, net of cash sold |
| 11.0 |
| 0.2 |
Acquisition of associates and joint ventures |
| 0.0 |
| –2.0 |
Net cash used in investing activities |
| –103.2 |
| –41.0 |
Free cash flow |
| –53.9 |
| 153.3 |
Cash flows from financing activities |
|
|
|
|
Repayment of bond |
| –340.0 |
| 0.0 |
Other proceeds from (repayment of) current borrowings, net |
| 434.2 |
| –129.9 |
Proceeds from (repayment of) non-current borrowings, net |
| 3.9 |
| –0.4 |
Change in other non-current liabilities |
| –0.6 |
| –0.4 |
Dividends paid to company’s shareholders |
| –52.2 |
| –43.7 |
Dividends paid to minority shareholders |
| –44.8 |
| –39.7 |
Net cash flows from financing activities |
| 0.5 |
| –214.1 |
Translation exchange differences |
| –17.5 |
| 42.0 |
Net increase (decrease) in cash and cash equivalents |
| –70.9 |
| –18.8 |
Cash and cash equivalents at beginning of period |
| 169.1 |
| 156.8 |
Cash and cash equivalents at end of period |
| 98.2 |
| 138.0 |
Net increase (decrease) in cash and cash equivalents |
| –70.9 |
| –18.8 |