Consolidated statement of cash flows


CHF million	Notes	2022	2021
Net result		10.9	30.1
Dividend income	(9)	–0.9	–1.0
Interest income	(9)	–1.1	–2.7
Interest expenses	(10)	19.8	21.9
Income tax expenses	(11)	4.7	10.3
Depreciation, amortization and impairment	(8)	116.7	122.3
Share of profit of associated companies	(15)	–2.4	–3.1
(Gain)/Loss from disposal of tangible assets, net	(6), (7)	–8.5	0.7
Loss from disposal of subsidiary or business	(6)	–	0.2
Other non-cash income and expenses		2.4	0.5
Change in net working capital		–19.7	–42.8
Change in post-employment benefit assets and liabilities		1.8	2.7
Change in non-current provisions		–5.6	–4.6
Change in other non-current assets		1.8	2.4
Change in other non-current liabilities		3.7	1.7
Dividends received		2.9	2.6
Interest received		1.1	2.8
Interest paid		–19.1	–22.0
Income taxes paid		–14.0	–21.6
Cash flows from operating activities		94.5	100.4
Investments in tangible assets	(13)	–39.7	–34.1
Investments in intangible assets	(14)	–0.6	–1.0
Investments in financial assets		–0.9	–0.9
Proceeds from disposal of tangible assets		3.0	1.6
Proceeds from disposal of financial assets		0.5	0.2
Proceeds from disposal of subsidiary or business¹		0.5	5.0
Cash flows used in investing activities		–37.2	–29.3
Dividends paid to shareholders of Autoneum Holding Ltd		–6.9	–
Dividends paid to non-controlling interests		–12.8	–19.2
Purchase of treasury shares	(21)	–2.9	–
Proceeds from borrowings	(23)	48.2	5.7
Repayment of borrowings	(23)	–56.0	–275.1
Cash flows used in financing activities		–30.4	–288.7
Currency translation adjustment		–6.9	–0.7
Change in cash and cash equivalents		19.9	–218.3
Cash and cash equivalents at beginning of the year		103.7	322.0
Cash and cash equivalents at end of the year	(20)	123.6	103.7

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