| Explanations in the notes | 2020 TCHF | 2019 | |
| 1.1.20 – 31.12.20 | 1.1.19– 31.12.19 | ||
| Net profit | –70,274 | –271,378 | |
| Depreciation of fixed assets and amortisation of intangible assets | 6) 8) | 82,911 | 51,599 |
| Profit from sale of subsidiaries | –1,170 | 139,001 | |
| Currency effect on sale of subsidiaries | 252 | 302 | |
| Net interest expense | 5,494 | 6,951 | |
| Other non-cash adjustments | 2,335 | 4,966 | |
| Change in provisions | 14) | –8,107 | 33,486 |
| Accounting losses (profits) from sales of fixed assets | 5 | 341 | |
| Income from associates and joint ventures | –350 | –89 | |
| Cash flow from operating activities before changes in working capital | 11,097 | –34,821 | |
| As % of net sales revenue | 3.62% | –7.62% | |
| Change in accounts receivables | 3) | –15,205 | 2,333 |
| Change in other receivables and accrued income | 3) 5) | –8,337 | 22,684 |
| Change in inventories | 4) | 3,899 | 19,401 |
| Change in trade payables | 9) | –5,503 | –17,577 |
| Change in other liabilities and deferred income | 11) 12) | 2,723 | –7,450 |
| Change in net current assets | –22,422 | 19,391 | |
| Cash flow from operating activities | –11,325 | –15,430 | |
| As % of net sales revenue | –3.70% | –3.38% | |
| Investments in fixed assets | –2,785 | –8,449 | |
| Divestments of fixed assets | 25 | –91 | |
| Investments in intangible assets | –793 | –186 | |
| Investments in/divestment of long-term financial assets | 0 | 2,909 | |
| Net cash flow from the purchase (-) / sale (+) of subsidiaries | 3) 27) | 32,218 | 37,541 |
| Interest and dividends received | 0 | 11 | |
| Cash flow from investing activities | 28,665 | 31,736 | |
| Free cash flow | 34) | 17,339 | 16,306 |
| As % of net sales revenue | 5.66% | 3.57% | |
| Change in short-term financial liabilities | –7,015 | 8,309 | |
| Change in long-term financial liabilities | –7,169 | –18,709 | |
| Change in minority interests in capital and profit | –38 | –17 | |
| Change in mandatory convertible bond 2 | –1,195 | 644 | |
| Change in capital of subsidiaries | 0 | 38 | |
| Sale (purchase) own shares net cash flow | 0 | 235 | |
| Interest paid | –9,501 | –17,319 | |
| Cash flow from financing activities | –24,919 | –26,818 | |
| Currency translation | –210 | –71 | |
| Net change in cash and cash equivalents | –7,790 | –10,583 | |
| Cash and cash equivalents at 1 January | 20,201 | 30,784 | |
| Cash and cash equivalents at 31 December | 12,411 | 20,201 |
- Previous year's figures adjusted due to the change in the valuation principles for the hybrid bond (see also the notes to the annual financial statements of HOCHDORF Group "Principles of consolidation" and note 15) / separate presentation of cash and cash equivalents and securities in 2019
- Cash drain due to the emissions fee to be paid