Consolidated statement of cash flows

CHF million

Notes

2017

2016

Net profit

118.5

133.8

Dividend income

(9)

–0.9

–0.4

Interest income

(9)

–2.2

–1.5

Interest expenses

(10)

11.3

12.5

Income tax expenses

(11)

55.3

60.4

Depreciation, amortization and impairment

(8)

77.9

73.6

Share of profit of associated companies

(15)

–3.4

–3.1

(Gain)/loss from disposal of tangible assets, net

0.2

–2.8

(Gain)/loss from disposal of subsidiary or business

(3)

0.1

–33.2

Loss from disposal of investments in associated companies

(10)

0.4

Other non-cash income and expenses

–3.0

9.4

Change in net working capital

–49.4

2.5

Change in post-employment benefit assets and liabilities

1.7

0.3

Change in non-current provisions

–9.5

7.5

Change in operating receivables within other non-current assets

8.3

–3.9

Change in operating liabilities within other non-current liabilities

–8.8

2.9

Dividends received

1.7

0.8

Interest received

2.2

1.5

Interest paid

–11.1

–11.3

Income taxes paid

–44.2

–54.9

Cash flows from operating activities

145.2

194.1

Investments in tangible assets

–173.6

–137.5

Investments in intangible assets

–4.4

–0.9

Investments in non-current financial assets

–15.5

–2.5

Investments in current financial assets

–2.0

–1.2

Proceeds from disposal of tangible assets

0.2

6.2

Proceeds from disposal of subsidiary or business, net of cash disposed of1

(3)

43.2

Consideration paid for disposal of investments in associated companies

–0.4

Cash flows used in investing activities

–195.7

–92.8

Dividends paid to shareholders of Autoneum Holding Ltd

–30.3

–20.9

Dividends paid to non-controlling interests

–20.7

–29.8

Acquisition of non-controlling interests

–0.4

Proceeds from capital increase

0.1

0.1

Purchase of treasury shares

(22)

–2.3

–0.1

Proceeds from borrowings

(24)

197.1

102.3

Repayment of borrowings

(24)

–138.2

–80.1

Cash flows from/(used in) financing activities

5.4

–28.6

Currency translation adjustment

–0.8

–1.6

Change in cash and cash equivalents

–45.9

71.1

Cash and cash equivalents at beginning of the year

149.8

78.7

Cash and cash equivalents at end of the year

(20)

103.8

149.8

  1. 1 Includes the proceeds from the disposal of the production facility in Betim, Brazil as disclosed in note 3 and a deferred purchase price payment in the amount of CHF 0.4 million (2016: CHF 0.8 million) from a transaction in 2014 and 2013.
  2. The accompanying notes are part of the consolidated financial statements.