Consolidated cash flow statement

 

2017

CHF

2016

CHF

 01.01.2017 – 31.12.201701.01.2016 – 31.12.2016
Net profit40,845,77719,405,777
Depreciation of fixed assets and amortisation of intangible assets13,102,99210,896,237
Net interest expense1,318,488418,959
Other non-cash adjustments-1,020,866-873,568
Change in short-term provisions-5,0560
Change in long-term provisions1,488,6522,882,025
Accounting losses (profits) from sales of fixed assets46,7404,227
Income from associates and joint ventures258,559-520,525
Cash flow from operating activities before changes in working capital 56,035,28432,213,132
As % of net sales revenue9.33%5.94%
 
Change in trade receivables-21,892,8146,204,177
Change in trade receivables from related parties-35,670,382-1,783,062
Change in trade receivables from associated parties1,001,590-2,433,117
Change in other short-term receivables-4,876,801-1,507,476
Change in other short term receivables from related parties40,7580
Change in inventories-3,895,466-329,984
Change in prepayments-6,374,1083,023,954
Change in liabilities from deliveries and services14,924,137-7,844,725
Change in other short-term liabilities4,048,085-3,179,281
Change in other short-term liabilities to related parties-8,037,378309,938
Change in deferred income10,716,136-447,022
Change in net current assets-50,016,242-7,986,596
 
Cash flow from operating activities6,019,04224,226,536
As % of net sales revenue1.00%4.47%
 
Investments in fixed assets-84,787,752-42,217,131
Divestments of fixed assets108,457532,655
Investments in intangible assets-4,221,053-945,822
Divestments of intangible assets87,4090
Investments in/divestments of long-term financial assets145,916-12,827
Net cash flow from the purchase (-) / sale (+) of shareholdings-1,431,333-15,853,811
Interest and dividends received835750,945
Cash flow from investing activities-90,097,521-57,745,991
 
Free cash flow-84,078,479-33,519,455
As % of net sales revenue-14.00%-6.18%
Change in short-term financial liabilities-5,981,5907,110,115
Change in long-term financial liabilities-110,848,89958,109,487
Additions/disposals of minority interests in capital and profit-11,49866,460
Mandatory convertible bond87,485,0000
Hybrid bond124,173,0320
Capital increase -1,427,138-104,266
Change in capital of subsidiaries5,4087,597
Sale (purchase) of own shares net cash flow-3,263,073-677,690
Interest paid-4,870,133-1,169,903
Dividend payments-5,336,891-5,211,195
Cash flow from financing activities79,924,21858,130,604
 
Currency translation306,76873,525
Net change in cash and cash equivalents-3,847,49224,684,674
 
Cash and cash equivalents at 1 January67,707,89843,023,224
Cash and cash equivalents at 31 December63,860,40667,707,898