Consolidated cash flow statement – Group
CHF million |
Notes |
|
2020 |
|
2019 |
|
|
|
|
|
|
|
|
Group result |
|
|
66.9 |
|
136.8 |
|
Depreciation of property, plant and equipment and amortization of intangible assets |
|
|
38.1 |
|
38.5 |
|
Impairments of property, plant and equipment and intangible assets |
|
|
3.1 |
|
0.1 |
|
Gain on disposal of non-current assets and investments |
|
|
–51.1 |
|
–32.4 |
|
Change in provisions and pension fund liabilities |
|
|
–16.5 |
|
–2.9 |
|
Change in employer contribution reserves in Financial assets |
|
|
14.4 |
|
|
|
Other non-cash items |
|
|
8.1 |
|
–4.3 |
|
Cash flow from operating activities before change in net working capital |
|
|
63.2 |
|
135.8 |
|
|
|
|
|
|
|
|
Change in inventories |
|
|
4.1 |
|
–21.7 |
|
Change in trade receivables |
|
|
19.0 |
|
–14.3 |
|
Change in prepayments to suppliers |
|
|
–1.5 |
|
–0.8 |
|
Change in other receivables, prepaid expenses and accrued income |
|
|
–8.6 |
|
–3.5 |
|
Change in trade payables |
|
|
–7.0 |
|
28.7 |
|
Change in advance payments from customers |
|
|
–2.7 |
|
2.1 |
|
Change in other liabilities, accrued expenses and deferred income |
|
|
12.3 |
|
–26.3 |
|
Cash flow from operating activities |
|
|
78.7 |
|
100.1 |
|
|
|
|
|
|
|
|
Investment in property, plant and equipment |
2.2 |
|
–30.5 |
|
–54.9 |
|
Divestment of property, plant and equipment |
|
|
8.7 |
|
4.3 |
|
Investment in intangible assets |
2.3 |
|
–8.9 |
|
–14.9 |
|
Investment in financial assets and securities |
|
|
–3.7 |
|
–1.5 |
|
Divestment of financial assets and securities |
|
|
7.2 |
|
57.6 |
|
Acquisition of business activities |
4.1 |
|
–1.7 |
|
–0.2 |
|
Sale of business activities |
4.1 |
|
73.4 |
|
74.3 |
|
Cash flow from investing activities |
|
|
44.5 |
|
64.6 |
|
|
|
|
|
|
|
|
Cash flow from operating and investing activities |
|
|
123.2 |
|
164.7 |
|
|
|
|
|
|
|
|
Purchase of treasury shares |
3.2 |
|
–0.1 |
|
–2.5 |
|
Dividends paid to shareholders Conzzeta AG |
|
|
–86.8 |
|
–99.2 |
|
Dividends paid to minority shareholders |
|
|
–6.0 |
1 |
–27.2 |
|
Purchase of minority interests |
4.1 |
|
–58.9 |
|
–62.7 |
|
Change in short-term financial liabilities |
|
|
4.7 |
|
–10.5 |
|
Change in long-term financial liabilities |
|
|
–1.0 |
|
–0.2 |
|
Change in other long-term liabilities |
|
|
–0.3 |
|
–0.1 |
|
Cash flow from financing activities |
|
|
–148.5 |
|
–202.6 |
|
|
|
|
|
|
|
|
Effect of currency translation on cash and cash equivalents |
|
|
–2.3 |
|
–0.8 |
|
Change in cash and cash equivalents |
|
|
–27.7 |
|
–38.7 |
|
|
|
|
|
|
|
|
Cash and cash equivalents at 1/1 |
|
|
300.9 |
|
339.6 |
|
Cash and cash equivalents at 12/31 |
|
|
273.3 |
|
300.9 |
|
|
|
|
|
|
|
|
1 Dividends to minorities of CHF 2.4 million that were already approved by the Annual General Meeting as of December 31, 2019, were paid in 2020.