Consolidated cash flow statement

 

2016

CHF

2015

CHF

  1.1.16 – 31.12.16 1.1.15 – 31.12.15
Net profit 19,405,777 13,024,228
Depreciation on fixed assets and amortisation of intangible assets 10,896,237 10,309,136
Net interest expense 418,959 1,614,934
Other non-cash adjustments –873,568 –303,443
Change in short-term provisions 0 –474,139
Change in long-term provisions 2,882,025 983,570
Accounting losses (profits) from sales of fixed assets 4,227 50,362
Income from associates and joint ventures –520,525 –334,780
Cash flow from operating activities before changes in working capital 32,213,132 24,869,868
As % of net sales revenue 5.94 % 4.57 %
 
Change in trade receivables 6,204,177 8,658,497
Change in trade receivables from related parties –1,783,062 –472,908
Change in trade receivables from associated parties –2,433,117 0
Change in other short-term receivables –1,507,476 512,121
Change in inventories –329,984 –2,434,816
Change in prepayments 3,023,954 –4,315,840
Change in liabilities from deliveries and services –7,844,725 –11,022,126
Change in other short-term liabilities –3,179,281 8,115,991
Change in other short-term liabilities to related parties 309,938 1,500
Change in deferred income –447,022 –4,901,153
Change in net current assets –7,986,596 –5,858,735
 
Cash flow from operating activities 24,226,536 19,011,133
As % of net sales revenue 4.47 % 3.49 %
 
Investments in fixed assets –42,217,131 –22,211,272
Divestments of fixed assets 532,655 65,845
Investments in intangible assets –945,822 –761,912
Investments in/divestments of long-term financial assets –12,827 –58,391
Net cash flow from the purchase (-) / sale (+) of investments –15,853,811 0
Interest and dividends received 750,945 218,807
Cash flow from investing activities –57,745,991 –22,746,922
 
Free cash flow –33,519,455 –3,735,789
As % of net sales revenue –6.18 % –0.69 %
Change in short-term financial liabilities 7,110,115 –5,269,155
Change in non-current financial liabilities 58,109,487 –31,382,797
Additions/disposals of minority interests in capital and profit 66,460 2,310,047
Capital increase incl. premium from conversion of convertible bonds 0 44,320,371
Capital increase –104,266 0
Capital increase of subsidiaries due to currency effects 7'597 –27,192
Sale (purchase) own shares net cash flow –677,690 –2,985,676
Interest paid –1,169,903 –1,833,741
Dividend payments –5,211,195 –4,133,157
Cash flow from financing activities 58,130,604 998,700
 
Currency translation 73,525 –619,345
Net change in cash and cash equivalents 24,684,674 –3,356,434
 
Cash and cash equivalents at 1 January 43,023,224 46,379,658
Cash and cash equivalents at 31 December 67,707,898 43,023,224