Consolidated cash flow statement

 

1.1.–31.12.2016

1.1.–31.12.2015

 

Notes

 

1000 CHF

 

1000 CHF

Consolidated profit

64,453

52,018

Tax

11

21,459

17,809

Financial result

10

11,995

10,109

Depreciation and amortisation

68,277

81,424

Result from sale of non-current assets

(6,534)

(648)

Income and distribution from associates

(1,568)

(2,615)

Change in provisions

(6,351)

(1,465)

Change in pension assets and liabilities

(14,496)

(4,168)

Change in net working capital

 

Change in trade and other receivables

(22,622)

13,004

Change in work in progress (net), raw materials and supplies

(25,491)

(13,534)

Change in real estate transactions

10,456

33,276

Change in trade payables and other liabilities

13,033

(11,191)

Change in accruals and joint ventures
(equity method)

(2,353)

6,724

Interest paid

(9,718)

(10,803)

Interest received

687

735

Tax paid

(38,798)

(25,481)

Cash flow from operating activities

62,429

145,194

Investments in property, plant and equipment

(59,375)

(55,554)

Disposals of property, plant and equipment

17

14,182

13,326

Investments in other financial assets
and associates

(3,430)

(501)

Disposals of other financial assets
and associates

16,298

2,853

Investments in intangible assets

(47)

(1,757)

Proceeds from sale of intangible assets

Acquisition of subsidiaries

2.3

(2,115)

(87,383)

Cash flow from investing activities

(34,487)

(129,016)

Increase in financial liabilities

125,845

157,308

Repayment of financial liabilities

(204,445)

(2,635)

Equity raised through convertible bond

15,178

Change in treasury shares

5,487

(209)

Dividends

(34,735)

(32,948)

Cash flow with non-controlling interests

(6,725)

(575)

Cash flow from financing activities

(114,573)

136,119

Foreign exchange differences on cash and
cash equivalents

1,226

(6,723)

Change in cash and cash equivalents

(85,405)

145,574

Cash and cash equivalents at the beginning of the period

877,108

731,534

Cash and cash equivalents at the end of the period

791,703

877,108

The accompanying notes form part of the consolidated financial statements.