Consolidated cash flow statement

 

1.1.–31.12.2017

1.1.–31.12.2016

Notes

 

CHF 1,000

 

CHF 1,000

Consolidated profit

39,033

64,453

Tax

11

13,660

21,459

Financial result

10

10,898

11,995

Depreciation and amortisation

110,244

68,277

Result from sale of non-current assets

(10,312)

(6,534)

Income and distribution from associates

(1,260)

(1,568)

Change in provisions

(1,736)

(6,351)

Change in pension assets and liabilities

(14,832)

(14,496)

Change in net working capital

 

Change in trade and other receivables

132,963

(22,622)

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

46,919

(25,491)

Change in real estate transactions

27,610

10,456

Change in trade payables and other liabilities

(81,111)

13,033

Change in accruals and joint ventures (equity method)

(32,142)

2,137

Other expenses / income not affecting liquidity

(7,158)

(4,490)

Interest paid

(5,622)

(9,718)

Interest received

1,024

687

Tax paid

(30,833)

(38,798)

Cash flow from operating activities

197,345

62,429

Investments in property, plant and equipment

(65,618)

(59,375)

Disposals of property, plant and equipment

17

13,689

14,182

Investments in other financial assets and associates

(1,570)

(3,430)

Disposals of other financial assets and associates

5,975

16,298

Investments in intangible assets

(973)

(47)

Acquisition of subsidiaries

2.3

13,687

(2,115)

Cash flow from investing activities

(34,810)

(34,487)

Increase in financial liabilities

22

71,536

125,845

Repayment of financial liabilities

22

(2,583)

(204,445)

Change in treasury shares

(8,296)

5,487

Dividends

(36,612)

(34,735)

Cash flow with non-controlling interests

(933)

(6,725)

Cash flow from financing activities

23,112

(114,573)

Foreign exchange differences on cash and
cash equivalents

8,093

1,226

Change in cash and cash equivalents

193,740

(85,405)

Cash and cash equivalents at the beginning of the period

791,703

877,108

Cash and cash equivalents at the end of the period

985,443

791,703

The accompanying notes form part of the consolidated financial statements.