Consolidated Statements of Cashflows
1.1. – 31.12.
| Note | 2017 | 2016 | |
|---|---|---|---|
| MCHF | MCHF | ||
The accompanying Notes are an integral part of the consolidated financial statements.
For further cashflow figures see Note 28 |
|||
| Cash provided by operating activities | |||
| Net income | 527.4 | 548.2 | |
| Depreciation and amortisation | 9/11 | 150.3 | 145.1 |
| Financial result, net | 24 | 9.4 | 9.3 |
| Income tax expenses | 25 | 84.9 | 82.6 |
| Other non-cash income and expenses | 34.2 | 18.5 | |
| Operating cashflow before changes in net working capital and taxes | 806.2 | 803.7 | |
| Income taxes paid | -129.7 | -98.6 | |
| Changes in trade accounts receivable | 4.2 | -29.4 | |
| Changes in inventories | -20.0 | -2.6 | |
| Changes in trade accounts payable | 6.7 | 13.4 | |
| Changes in other positions of net working capital | -27.0 | 28.7 | |
| Net cash from/used (-) in operating activities | 640.4 | 715.2 | |
| Cash from/used (-) in investing activities | |||
| Sales of subsidiaries | 2/10 | 9.7 | 32.8 |
| Purchase of property, plant & equipment and intangible assets | 9/11 | -159.0 | -139.1 |
| Proceeds from sale of property, plant & equipment and intangible assets | 3.5 | 6.2 | |
| Interest received | 0.0 | 0.9 | |
| Other, net | -2.0 | -0.5 | |
| Net cash from/used (-) in investing activities | -147.8 | -99.7 | |
| Cash from/used (-) in financing activities | |||
| Proceeds from borrowings | 14/15 | 70.2 | 50.3 |
| Repayments of borrowings | 14/15 | -207.5 | -223.1 |
| Interest paid | -6.4 | -6.2 | |
| Distribution | -368.4 | -309.3 | |
| Share buyback programme | -88.3 | -50.7 | |
| Purchase (-)/Sale of treasury shares | -2.1 | -22.2 | |
| Financing cost paid | -1.5 | -0.4 | |
| Other, net | -1.3 | -1.3 | |
| Net cash from/used (-) in financing activities | -605.3 | -562.9 | |
| Effects of exchange rates on cash and cash equivalents | 15.7 | -2.5 | |
| Net increase/decrease (-) in cash and cash equivalents | -97.0 | 50.1 | |
| Cash and cash equivalents at beginning of year | 509.7 | 459.6 | |
| Cash and cash equivalents at end of year | 412.7 | 509.7 | |