Consolidated cash flow statement – Group
|
CHF million |
Notes |
|
2018 |
|
2017 |
|
|
|
|
|
|
|
|
|
|
Group result |
|
|
114.8 |
|
97.4 |
|
|
Depreciation of property, plant and equipment and amortization of intangible assets |
|
|
34.6 |
|
27.9 |
|
|
Impairments |
|
|
1.7 |
|
1.2 |
|
|
Gain on disposal of fixed assets and investments |
|
|
–0.4 |
|
–12.6 |
|
|
Change in provisions and pension fund liabilities |
|
|
|
|
16.2 |
|
|
Other non-cash items |
|
|
9.5 |
|
–13.5 |
|
|
Cash flow from operating activities before change in working capital |
|
|
160.2 |
|
116.6 |
|
|
|
|
|
|
|
|
|
|
Change in inventories |
|
|
–30.3 |
|
–27.6 |
|
|
Change in trade receivables |
|
|
6.2 |
|
–29.9 |
|
|
Change in prepayments to suppliers |
|
|
12.4 |
|
–4.5 |
|
|
Change in other receivables, prepaid expenses and accrued income |
|
|
–3.8 |
|
–18.4 |
|
|
Change in trade payables |
|
|
–1.1 |
|
8.2 |
|
|
Change in advance payments from customers |
|
|
–10.9 |
|
20.8 |
|
|
Change in other liabilities, accrued expenses and deferred income |
|
|
11.3 |
|
28.9 |
|
|
Cash flow from operating activities |
|
|
144.0 |
|
94.1 |
|
|
|
|
|
|
|
|
|
|
Investment in property, plant and equipment |
2.2 |
|
–58.9 |
|
–29.2 |
|
|
Divestment of property, plant and equipment |
2.2 |
|
1.0 |
|
1.5 |
|
|
Investment in intangible assets |
2.3 |
|
–13.3 |
|
–8.1 |
|
|
Divestment of intangible assets |
2.3 |
|
0.1 |
|
|
|
|
Investment in financial assets and securities |
2.4 |
|
–2.8 |
|
–3.1 |
|
|
Divestment of financial assets and securities |
2.4 |
|
13.3 |
|
10.2 |
|
|
Acquisition of business activities |
4.1 |
|
–41.4 |
|
–176.1 |
|
|
Sale of investments |
4.1 |
|
|
|
14.7 |
|
|
Cash flow from investing activities |
|
|
–102.0 |
|
–190.1 |
|
|
|
|
|
|
|
|
|
|
Cash flow from operating and investing activities |
|
|
42.0 |
|
–96.0 |
|
|
|
|
|
|
|
|
|
|
Purchase of treasury shares |
3.2 |
|
–1.8 |
|
–4.3 |
|
|
Dividends paid to shareholders Conzzeta AG |
|
|
–33.1 |
|
–22.8 |
|
|
Dividends paid to minority shareholders |
|
|
–11.2 |
|
–3.0 |
|
|
Change in short-term financial liabilities |
|
|
0.4 |
|
6.2 |
|
|
Change in long-term financial liabilities |
|
|
–1.1 |
|
–2.8 |
|
|
Cash flow from financing activities |
|
|
–46.8 |
|
–26.7 |
|
|
|
|
|
|
|
|
|
|
Effect of currency translation on cash and cash equivalents |
|
|
–4.7 |
|
2.0 |
|
|
Change in cash and cash equivalents |
|
|
–9.5 |
|
–120.7 |
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at 1/1 |
|
|
349.1 |
|
469.8 |
|
|
Cash and cash equivalents at 12/31 |
|
|
339.6 |
|
349.1 |
|
|
|
|
|
|
|
|
|