Consolidated statement of cash flows

in thousand CHF	1.1.–30.6.2022	1.1.–30.6.2021
Net profit	83,124	79,559
Income taxes	17,750	17,108
Depreciation and amortisation	49,301	47,589
(Gain)/loss on disposal of non-current assets	–84	–90
Increase/(decrease) in provisions and employee benefit assets and liabilities	–1,580	5,166
Net financial result	2,474	2,337
Share of profit from associates and joint ventures	–2,019	–3,748
Share-based payments	2,466	2,522
Interest received	282	188
Interest paid	–2,068	–1,852
Other financial receipts/(payments)	–12	–22
Dividends received	6,860	2,548
Income taxes paid	–21,735	–12,608
Cash flow from operating activities before working capital changes	134,758	138,697
Change in trade and other receivables	–71,157	–125,115
Change in inventories	–802	24,499
Change in trade and other payables	–30,320	56,332
Change in other net current assets	6,739	44,207
Working capital changes	–95,540	–78
Cash flow from operating activities	39,219	138,619

Investments in property, plant and equipment	–18,751	–17,871
Investments in intangible assets	–10,992	–6,169
Investments in associates and joint ventures	–3,833	–
Investments in financial assets	–7,136	–4,279
Proceeds from property, plant and equipment and intangible assets	309	238
Proceeds from financial assets	1,199	8,567
Net cash flow from business combinations	–8,467	–38,369
Cash flow from investing activities	–47,671	–57,883

Dividends paid	–104,810	–89,509
Purchase of treasury shares	–236	–123
Proceeds from sale of treasury shares	58	25
Proceeds from financial liabilities	1,008	124,050
Repayment of financial liabilities	–1,232	–25,677
Payment of lease liabilities	–26,205	–24,855
Purchase of non-controlling interests	–4,048	–46
Cash flow from financing activities	–135,464	–16,136

Effects of exchange rate changes on cash and cash equivalents	–100	37
Net change in cash and cash equivalents	–144,016	64,637

Cash and cash equivalents as at 1 January	164,982	59,781
Cash and cash equivalents as at 30 June	20,966	124,418

Unaudited figures