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