Consolidated statement of cash flows

XLS

CHF million

Notes

2020

2019

Net result

–10.7

–77.7

Dividend income

(9)

–1.0

–1.0

Interest income

(9)

–2.0

–2.4

Interest expenses

(10)

28.4

25.7

Income tax expenses

(11)

8.6

22.4

Depreciation, amortization and impairment

(8)

120.6

196.9

Share of profit of associated companies

(15)

–3.5

–4.0

Loss from disposal of tangible assets, net

0.8

1.5

Gain from disposal of subsidiary or business

(7)

–1.8

–

Other non-cash income and expenses

16.4

–0.4

Change in net working capital

8.8

11.9

Change in post-employment benefit assets and liabilities

–4.6

2.3

Change in non-current provisions

1.0

–3.5

Change in other non-current assets

21.8

–13.4

Change in other non-current liabilities

4.1

3.7

Dividends received

1.5

2.9

Interest received

1.9

2.4

Interest paid

–26.7

–25.2

Income taxes paid

–13.8

–23.1

Cash flows from operating activities

149.7

119.2

Investments in tangible assets

(13)

–41.9

–125.8

Investments in intangible assets

(14)

–0.7

–4.0

Investments in financial assets

–0.6

–1.5

Proceeds from disposal of tangible assets

3.4

0.6

Proceeds from disposal of financial assets

0.3

0.2

Proceeds from disposal of subsidiary or business1

2.2

1.4

Cash flows used in investing activities

–37.2

–129.1

Dividends paid to shareholders of Autoneum Holding Ltd

–

–16.8

Dividends paid to non-controlling interests

–10.2

–15.5

Purchase of treasury shares

(21)

–1.6

–2.8

Proceeds from borrowings

(23)

340.2

337.4

Repayment of borrowings

(23)

–206.1

–284.8

Cash flows from financing activities

122.3

17.5

Currency translation adjustment

–11.6

–2.0

Change in cash and cash equivalents

223.2

5.6

Cash and cash equivalents at beginning of the year

98.7

93.1

Cash and cash equivalents at end of the year

(20)

322.0

98.7

  1. 1 Deferred purchase price payments from transactions in previous periods.
  2. ­­  
  3. The accompanying notes are part of the consolidated financial statements.