Consolidated cash flow statement – Group
|
CHF million |
Notes |
|
2019 |
|
2018 |
|
|
|
|
|
|
|
|
|
|
Group result |
|
|
136.8 |
|
114.8 |
|
|
Depreciation of property, plant and equipment and amortization of intangible assets |
|
|
38.5 |
|
34.6 |
|
|
Impairments of property, plant and equipment and intangible assets |
|
|
0.1 |
|
1.7 |
|
|
Gain on disposal of non-current assets and investments |
|
|
–32.4 |
|
–0.4 |
|
|
Change in provisions and pension fund liabilities |
|
|
–2.9 |
|
|
|
|
Other non-cash items |
|
|
–4.3 |
|
9.5 |
|
|
Cash flow from operating activities before change in net working capital |
|
|
135.8 |
|
160.2 |
|
|
|
|
|
|
|
|
|
|
Change in inventories |
|
|
–21.7 |
|
–30.3 |
|
|
Change in trade receivables |
|
|
–14.3 |
|
6.2 |
|
|
Change in prepayments to suppliers |
|
|
–0.8 |
|
12.4 |
|
|
Change in other receivables, prepaid expenses and accrued income |
|
|
–3.5 |
|
–3.8 |
|
|
Change in trade payables |
|
|
28.7 |
|
–1.1 |
|
|
Change in advance payments from customers |
|
|
2.1 |
|
–10.9 |
|
|
Change in other liabilities, accrued expenses and deferred income |
|
|
–26.3 |
|
11.3 |
|
|
Cash flow from operating activities |
|
|
100.1 |
|
144.0 |
|
|
|
|
|
|
|
|
|
|
Investment in property, plant and equipment |
2.2 |
|
–54.9 |
|
–58.9 |
|
|
Divestment of property, plant and equipment |
|
|
4.3 |
|
1.0 |
|
|
Investment in intangible assets |
2.3 |
|
–14.9 |
|
–13.3 |
|
|
Divestment of intangible assets |
|
|
|
|
0.1 |
|
|
Investment in financial assets and securities |
|
|
–1.5 |
|
–2.8 |
|
|
Divestment of financial assets and securities |
|
|
57.6 |
|
13.3 |
|
|
Acquisition of business activities |
4.1 |
|
–0.2 |
|
–41.4 |
|
|
Sale of business activities |
4.1 |
|
74.3 |
|
|
|
|
Cash flow from investing activities |
|
|
64.6 |
|
–102.0 |
|
|
|
|
|
|
|
|
|
|
Cash flow from operating and investing activities |
|
|
164.7 |
|
42.0 |
|
|
|
|
|
|
|
|
|
|
Purchase of treasury shares |
3.2 |
|
–2.5 |
|
–1.8 |
|
|
Dividends paid to shareholders Conzzeta AG |
|
|
–99.2 |
|
–33.1 |
|
|
Dividends paid to minority shareholders |
|
|
–27.2 |
|
–11.2 |
|
|
Purchase of minority interests |
|
|
–62.7 |
|
|
|
|
Change in short-term financial liabilities |
|
|
–10.5 |
|
0.4 |
|
|
Change in long-term financial liabilities |
|
|
–0.2 |
|
–1.1 |
|
|
Change in other long-term liabilities |
|
|
–0.1 |
|
|
|
|
Cash flow from financing activities |
|
|
–202.6 |
|
–46.8 |
|
|
|
|
|
|
|
|
|
|
Effect of currency translation on cash and cash equivalents |
|
|
–0.8 |
|
–4.7 |
|
|
Change in cash and cash equivalents |
|
|
–38.7 |
|
–9.5 |
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at 1/1 |
|
|
339.6 |
|
349.1 |
|
|
Cash and cash equivalents at 12/31 |
|
|
300.9 |
|
339.6 |
|
|
|
|
|
|
|
|
|