Consolidated statement of cash flows
|
in thousand CHF |
Note |
2021 |
2020 |
|
Net profit |
|
168,183 |
172,718 |
|
Income taxes |
11 |
34,850 |
35,875 |
|
Depreciation and amortisation |
14,15,16 |
98,430 |
96,157 |
|
(Gain)/loss on disposal of non-current assets |
6,8 |
–9,387 |
–213 |
|
Increase/(decrease) in provisions and employee benefit assets and liabilities |
|
5,272 |
–43,722 |
|
Net financial result |
9 |
4,375 |
4,734 |
|
Share of profit from associates and joint ventures |
17 |
–6,765 |
–4,486 |
|
Share-based payments |
28 |
6,719 |
4,704 |
|
Interest received |
|
542 |
358 |
|
Interest paid |
|
–4,695 |
–4,934 |
|
Other financial receipts/(payments) |
|
29 |
–226 |
|
Dividends received |
17 |
2,548 |
3,087 |
|
Income taxes paid |
|
–18,704 |
–25,288 |
|
Cash flow from operating activities before working capital changes |
|
281,397 |
238,763 |
|
Change in trade and other receivables |
|
–57,900 |
23,715 |
|
Change in inventories |
|
18,482 |
–21,704 |
|
Change in trade and other payables |
|
47,409 |
–16,053 |
|
Change in other net current assets |
|
43,707 |
–362 |
|
Working capital changes |
|
51,698 |
–14,403 |
|
Cash flow from operating activities |
|
333,095 |
224,360 |
|
|
|
|
|
|
Investments in property, plant and equipment |
|
–41,937 |
–36,492 |
|
Investments in intangible assets |
|
–18,136 |
–19,195 |
|
Investments in associates and joint ventures |
|
– |
–1,256 |
|
Investments in financial assets |
|
–9,999 |
–6,544 |
|
Proceeds from property, plant and equipment and intangible assets |
|
40,258 |
539 |
|
Proceeds from financial assets |
|
11,071 |
5,668 |
|
Net cash flow from business combinations |
4 |
–69,494 |
–58,369 |
|
Cash flow from investing activities |
|
–88,236 |
–115,649 |
|
|
|
|
|
|
Dividends paid |
|
–89,509 |
–89,216 |
|
Purchase of treasury shares |
|
–373 |
–183 |
|
Proceeds from sale of treasury shares |
|
4,232 |
3,961 |
|
Proceeds from financial liabilities |
19 |
112,698 |
125,973 |
|
Repayment of financial liabilities |
19 |
–116,634 |
–130,771 |
|
Payment of lease liabilities |
|
–49,939 |
–49,065 |
|
Purchase of non-controlling interests |
|
–109 |
–189 |
|
Cash flow from financing activities |
|
–139,634 |
–139,490 |
|
|
|
|
|
|
Effects of exchange rate changes on cash and cash equivalents |
|
–24 |
27 |
|
Increase in cash and cash equivalents |
|
105,201 |
–30,752 |
|
|
|
|
|
|
Cash and cash equivalents as at 1 January 1) |
|
59,781 |
90,532 |
|
Cash and cash equivalents as at 31 December 1) |
|
164,982 |
59,781 |
1) Cash and cash equivalents include cash, sight deposits at financial institutions and time deposits with an original term of three months or less. Cash and cash equivalents are measured at nominal value.