Consolidated cash flow statement

 Reviewed
2019
CHF
Not reviewed
2018
CHF
 01.01.19 – 30.06.1901.01.18 – 30.06.18
Net profit–63,631,473–2,197,579
Depreciation of fixed assets and amortisation of intangible assets13,436,6147,269,124
Impairment of shareholdings–446,8292,849,490
Currency effect on sale of shareholdings–21,1623,017,328
Net interest expense1,539,023325,640
Other non-cash adjustments–2,778,857–380,803
Change in long-term provisions49,154,384472,271
Accounting losses (profits) from sales of fixed assets–1,360101,344
Income from associates and joint ventures–209,473298,421
Cash flow from operating activities before changes in working capital–2,959,13411,755,236
As % of net sales revenue–1.22%4.17%
Change in accounts receivables3,723,1305,145,952
Change in accounts receivables from related parties1,888,507–10,446,434
Change in accounts receivables from associated parties–6,939,250–1,904,248
Change in other short-term receivables–10,161,580–4,390,079
Change in other short-term receivables from related parties66,9570
Change in inventories–10,760,717–25,770,468
Change in prepayments8,005,3391,352,828
Change in liabilities from deliveries and services–7,898,822–19,788,757
Change in liabilities from deliveries and services from related parties–1,431,017–199,971
Change in liabilities from deliveries and services from associated parties62,131226,854
Change in other short-term liabilities624,608–236,308
Change in other short-term liabilities to related parties –5,466,807–69,689,751
Change in deferred income2,218,018–360,156
Change in net current assets–26,069,503–126,060,538
Cash flow from operating activities–29,028,636–114,305,302
In % of net sales revenue–11.95%–40.59%
Investments in fixed assets–4,401,389–19,298,814
Divestments of fixed assets6,62524,261
Investments in intangible assets–245,187–340,055
Investments in/divestment of long-term financial assets–66,766–378,949
Net cash flow from the purchase (-) / sale (+) of investments1)302,611–31,661,208
Interest and dividends received931230
Cash flow from investing activities–4,403,175–51,654,534
Free cash flow–33,431,812–165,959,836
In % of net sales revenue–13.77%–58.94%
Change in short-term financial liabilities2,395,256–961,805
Change in long-term financial liabilities19,493,163131,240,610
Additions/disposals of minority interests in capital and profit–14,0960
Sale (purchase) of treasury shares net cash flow235,4473,329,006
Interest paid–8,383,251–4,382,801
Dividend payments0–5,598,980
Cash flow from financing activities13,726,519123,626,029
Currency translation13,330–61,241
Net change in cash and cash equivalents–19,691,963–42,395,047
Cash and cash equivalents at 1 January30,784,05963,860,406
Cash and cash equivalents at 30 June11,092,09721,465,358

1) Sale of HOCHDORF South Africa Ltd and Acquisition of Thur Milch Ring AG