Consolidated statement of cash flows
CHF million | January – June 2018 | January – June 20171 |
Net profit | 60.1 | 61.7 |
Dividend income | – | –0.5 |
Interest income | –0.9 | –0.8 |
Interest expenses | 3.8 | 6.2 |
Income tax expenses | 23.7 | 29.1 |
Depreciation, amortization and impairment | 40.7 | 36.1 |
Share of profit of associated companies | –3.0 | –1.2 |
Loss from disposal of tangible assets, net | 0.1 | 0.1 |
Gain from disposal of subsidiary or business | –0.3 | – |
Loss from disposal of investments in associated companies | – | 0.4 |
Other non-cash income and expenses | 1.4 | –1.7 |
Change in net working capital | –43.3 | –52.8 |
Change in post-employment benefit assets and liabilities | 0.2 | 4.8 |
Change in non-current provisions | –5.6 | –5.0 |
Change in other non-current assets | –3.5 | –4.8 |
Change in other non-current liabilities | 1.4 | 0.3 |
Dividends received | 1.3 | 1.3 |
Interest received | 0.8 | 0.8 |
Interest paid | –2.2 | –2.9 |
Income taxes paid | –26.3 | –23.8 |
Cash flows from operating activities | 48.5 | 47.3 |
Investments in tangible assets | –72.7 | –67.7 |
Investments in intangible assets | –0.5 | –1.0 |
Investments in associated companies | –0.2 | – |
Investments in financial assets | –0.7 | –15.1 |
Proceeds from disposal of tangible assets | 0.2 | 0.1 |
Proceeds from disposal of financial assets | 0.6 | 0.6 |
Proceeds from disposal of subsidiary or business, net of cash disposed of2 | 0.6 | – |
Consideration paid for disposal of investments in associated companies | – | –0.2 |
Cash flows used in investing activities | –72.6 | –83.3 |
Dividends paid to shareholders of Autoneum Holding Ltd | –30.3 | –30.3 |
Dividends paid to non-controlling interests | –17.5 | –20.3 |
Acquisition of non-controlling interests | – | –0.4 |
Proceeds from capital increase | – | 0.1 |
Purchase of treasury shares | –1.3 | –0.1 |
Proceeds from borrowings | 118.9 | 210.5 |
Repayment of borrowings | –75.1 | –166.8 |
Cash flows used in financing activities | –5.4 | –7.4 |
Currency translation adjustment | –1.4 | –4.4 |
Change in cash and cash equivalents | –30.9 | –47.8 |
Cash and cash equivalents at beginning of the period | 103.8 | 149.8 |
Cash and cash equivalents at end of the period | 73.0 | 102.1 |
- 1 Restated, refer to note 2.
- 2 Includes a deferred purchase price payment in the amount of CHF 0.6 million (2017: nil) from transactions in 2013 and 2014.