Consolidated statement of cash flows

CHF million

Notes

2018

20171

Net profit

74.7

118.9

Dividend income

(9)

–0.8

–0.9

Interest income

(9)

–1.7

–2.2

Interest expenses

(10)

8.2

11.3

Income tax expenses

(11)

29.8

56.8

Depreciation, amortization and impairment

(8)

83.1

77.9

Share of profit of associated companies

(15)

–4.0

–3.4

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

0.5

0.2

(Gain)/loss from disposal of subsidiary or business

–0.2

0.1

Loss from disposal of investments in associated companies

(10)

0.4

Other non-cash income and expenses

4.9

–3.0

Change in net working capital

–4.0

–46.6

Change in post-employment benefit assets and liabilities

1.2

1.7

Change in non-current provisions

–9.4

–9.5

Change in other non-current assets

–12.5

4.0

Change in other non-current liabilities

0.3

–9.2

Dividends received

2.5

1.7

Interest received

1.7

2.2

Interest paid

–7.7

–11.1

Income taxes paid

–42.5

–44.2

Cash flows from operating activities

124.0

145.2

Investments in tangible assets

–162.6

–173.6

Investments in intangible assets

(14)

–3.8

–4.4

Investments in associated companies

(15)

–0.2

Investments in financial assets

–1.1

–17.8

Proceeds from disposal of tangible assets

0.2

0.2

Proceeds from disposal of financial assets

1.5

0.3

Proceeds from disposal of subsidiary or business, net of cash disposed of2

1.3

Consideration paid for disposal of investments in associated companies

–0.4

Cash flows used in investing activities

–164.7

–195.7

Dividends paid to shareholders of Autoneum Holding Ltd

–30.3

–30.3

Dividends paid to non-controlling interests

–21.1

–20.7

Acquisition of non-controlling interests

–0.4

Proceeds from capital increase

0.1

Purchase of treasury shares

(21)

–2.4

–2.3

Proceeds from borrowings

(23)

169.0

197.1

Repayment of borrowings

(23)

–80.8

–138.2

Cash flows from financing activities

34.3

5.4

Currency translation adjustment

–4.3

–0.8

Change in cash and cash equivalents

–10.7

–45.9

Cash and cash equivalents at beginning of the year

103.8

149.8

Cash and cash equivalents at end of the year

(20)

93.1

103.8

  1. 1 Restated, refer to note 1.3 here.
  2. 2 Includes deferred purchase price payments in the amount of CHF 1.3 million (2017: nil) from transactions in previous periods.
  3. The accompanying notes are part of the consolidated financial statements.