Interim consolidated statement of cash flows
| Notes | 2016 | 2017 |
January to June, CHF 1,000 |
|
|
|
Profit for the period |
| 23,451 | 25,702 |
|
|
|
|
Adjustments for |
|
|
|
Depreciation and amortization |
| 10,201 | 11,713 |
Change in provisions and liability for post-employment benefits |
| (1,383) | 584 |
Interest income |
| (277) | (6) |
Interest expenses |
| 176 | 327 |
Income taxes |
| 5,082 | 5,376 |
Equity-settled share-based payment transactions |
| 7,996 | 8,691 |
Other non-cash items |
| (569) | 2,829 |
|
|
|
|
Change in working capital |
|
|
|
Trade accounts receivable |
| 15,844 | 2,303 |
Inventories | 6 | (1,446) | (2,929) |
Trade accounts payable |
| (723) | 4,118 |
Other changes in working capital (net) |
| 14,125 | (17,056) |
|
|
|
|
Income taxes paid |
| (7,548) | (9,940) |
|
|
|
|
Cash inflows from operating activities |
| 64,929 | 31,712 |
|
|
|
|
Interest received |
| 254 | 7 |
Acquisition of Pulssar Technologies S.A.S., net of cash acquired | 3.1 | – | (2,895) |
Purchase of property, plant and equipment |
| (2,693) | (3,350) |
Proceeds from sales of property, plant and equipment |
| 32 | 58 |
Investment in intangible assets |
| (2,676) | (6,174) |
|
|
|
|
Cash outflows from investing activities |
| (5,083) | (12,354) |
|
|
|
|
Proceeds from employee participation plans |
| 815 | 1,992 |
Dividends paid |
| (20,122) | (20,315) |
Change in current bank liabilities |
| (451) | 2,090 |
Increase in bank loans |
| 720 | – |
Repayment of bank loans |
| – | (1,495) |
Repayment of other loans |
| (1,959) | – |
Interest paid |
| (154) | (139) |
|
|
|
|
Cash outflows from financing activities |
| (21,151) | (17,867) |
|
|
|
|
Effect of exchange rate fluctuations on cash held |
| (248) | (363) |
|
|
|
|
Increase in cash and cash equivalents |
| 38,447 | 1,128 |
|
|
|
|
Cash and cash equivalents, net of bank overdrafts at January 1 | 9 | 208,434 | 246,744 |
|
|
|
|
Cash and cash equivalents, net of bank overdrafts at June 30 | 9 | 246,881 | 247,872 |
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