Consolidated statement of cash flows
CHF million | Notes | 2023 | 2022 | ||
Net result | 61.1 | 10.9 | |||
Dividend income | –1.2 | –0.9 | |||
Interest income | –1.4 | –1.1 | |||
Interest expenses | 28.2 | 19.8 | |||
Income tax expenses | 7.9 | 4.7 | |||
Depreciation, amortization and impairment | 182.4 | 116.7 | |||
Share of profit of associated companies | –1.6 | –2.4 | |||
Gain from disposal of tangible assets, net | –2.4 | –8.5 | |||
Bargain purchase gain | –102.7 | – | |||
Other non-cash income and expenses | 12.9 | 2.4 | |||
Change in net working capital | 42.7 | –19.7 | |||
Change in post-employment benefit assets and liabilities | 1.3 | 1.8 | |||
Change in non-current provisions | 10.5 | –5.6 | |||
Change in other non-current assets | –2.2 | 1.8 | |||
Change in other non-current liabilities | 2.6 | 3.7 | |||
Dividends received | 3.1 | 2.9 | |||
Interest received | 1.4 | 1.1 | |||
Interest paid | –27.8 | –19.1 | |||
Income taxes paid | –24.4 | –14.0 | |||
Cash flows from operating activities | 190.3 | 94.5 | |||
Investments in tangible assets | –57.1 | –39.7 | |||
Investments in intangible assets | –0.9 | –0.6 | |||
Investments in financial assets | –0.6 | –0.9 | |||
Investments in subsidiary or business, net of cash acquired | –96.0 | – | |||
Proceeds from disposal of tangible assets | 10.1 | 3.0 | |||
Proceeds from disposal of financial assets | 1.4 | 0.5 | |||
Proceeds from disposal of subsidiary or business1 | – | 0.5 | |||
Cash flows used in investing activities | –143.1 | –37.2 | |||
Proceeds from issue of share capital | 101.1 | – | |||
Dividends paid to shareholders of Autoneum Holding Ltd | – | –6.9 | |||
Dividends paid to non-controlling interests | –9.6 | –12.8 | |||
Purchase of treasury shares | –3.3 | –2.9 | |||
Proceeds from sale of subscription rights | 0.1 | – | |||
Proceeds from borrowings | 225.1 | 48.2 | |||
Repayment of borrowings | –315.5 | –56.0 | |||
Cash flows used in financing activities | –2.1 | –30.4 | |||
Currency translation adjustment | –19.4 | –6.9 | |||
Change in cash and cash equivalents | 25.7 | 19.9 | |||
Cash and cash equivalents at beginning of the year | 123.6 | 103.7 | |||
Cash and cash equivalents at end of the year | 149.4 | 123.6 |
- 1 Deferred purchase price payments from transaction in previous periods.
- The accompanying notes are part of the consolidated financial statements.