Consolidated cash flow statement

For the year ended 31 December

In 1,000 CHF

Note

2019

2018

Company profit incl. non-controlling interests

 

58,326

104,399

+ Depreciation of non-current assets

 

50,911

25,703

+ Impairment of non-current assets

 

106,293

0

+/– Change in provisions

 

42,770

(584)

–/+ Change in deferred taxes

 

(21,946)

7,052

– Share of profit of associates

 

(96)

(30,234)

– Profit from sale of interests in consolidated companies

4.1

(154,480)

0

+ Loss on sale of non-current assets

 

500

386

+/– Other non-cash items

 

(13,955)

1,629

Changes in net working capital

 

 

 

– Increase in trade receivables

 

(72,832)

(41,215)

+/– Decrease/Increase in inventories

 

(1,692)

293

+/– Decrease/Increease in other current assets, prepayments and accrued income

 

27,714

(7,989)

+ Increase in trade payables

 

3,588

28,520

+/– Increase/Decrease in other liabilities and accrued expenses

 

1,412,458

(460)

Cash flow from operating activities (operating cash flow)

 

1,437,559

87,499

 

 

 

 

– Investments in property and equipment

2.3

(903)

(2,421)

+ Proceeds from sale of property and equipment

2.3

190

163

– Investments in financial assets and loans

2.5

0

0

+ Proceeds from sale of financial assets and loans

2.5

260

0

– Investments in intangible assets

2.4

(1,683)

(2,646)

+ Proceeds from sale of intangible assets

2.4

33

404

– Investments in consolidated companies (less cash and cash equivalents acquired)

4.1

0

(179,179)

+ Proceeds from sale of consolidated companies (less cash and cash equivalents sold)

4.1

252,055

3,223

+ Dividends received from associates

 

0

1,500

Cash flow from investing activities

 

249,952

(178,956)

 

 

 

 

– Acquisition of non-controlling interests in existing equity interests

4.1

(12,390)

0

– Dividend payments to non-controlling shareholders

 

(460)

0

– Dividend payments to the owners of the Company

 

(40,000)

(150,000)

+ Proceeds of interest-bearing liabilities

 

0

1,017,980

– Repayments of current interest-bearing liabilities

 

(1,113,777)

(731,378)

– Repayments of non-current interest-bearing liabilities

 

(192)

0

Cash flow from financing activities

 

(1,166,820)

136,602

 

 

 

 

Effect of currency translation

 

41

(33)

 

 

 

 

Net change in cash and cash equivalents

 

520,732

45,112

 

 

 

 

Cash and cash equivalents at the start of the reporting period

 

67,258

22,146

 

 

 

 

Cash and cash equivalents at the end of the reporting period

 

587,990

67,258