Consolidated Statements of Cashflows
1.1. – 31.12.
| Note | 2020 | 2019 | |
| MCHF | MCHF | ||
| Cash provided by operating activities | |||
| Net income | 642.3 | 646.9 | |
| Depreciation and amortisation | 9/11 | 153.8 | 147.3 |
| Financial result, net | 24 | 17.2 | 13.8 |
| Income tax expenses | 25 | 112.0 | 95.9 |
| Changes in provisions | 28.7 | -3.8 | |
| Other non-cash expenses and income | 13.7 | 10.6 | |
| Operating cashflow before changes in net working capital and income taxes | 967.7 | 910.7 | |
| Income taxes paid | -94.0 | -89.3 | |
| Changes in trade accounts receivable | 2.0 | 7.3 | |
| Changes in inventories | -6.7 | -10.6 | |
| Changes in trade accounts payable | -0.9 | 4.7 | |
| Changes in other positions of net working capital | 31.9 | 11.2 | |
| Net cash from/used in (-) operating activities | 900.0 | 834.0 | |
| Cash from/used in (-) investing activities | |||
| Purchase of property, plant & equipment and intangible assets | 9/11 | -149.7 | -166.9 |
| Sale of property, plant & equipment and intangible assets | 2.9 | 3.3 | |
| Interest received | 1.1 | 1.7 | |
| Purchase (-)/sale of marketable securities and other short-term investments | 20.0 | -20.0 | |
| Other, net | -2.1 | -3.1 | |
| Net cash from/used in (-) investing activities | -127.8 | -185.0 | |
| Cash from/used in (-) financing activities | |||
| Proceeds from borrowings | 14/15 | 450.2 | 634.7 |
| Repayments of borrowings | 14/15 | -503.5 | -695.6 |
| Repayments of lease liabilities | -24.1 | -16.2 | |
| Interest paid | -9.8 | -7.8 | |
| Distribution | -404.0 | -389.0 | |
| Share buyback programme | 21 | -162.1 | -51.4 |
| Purchase (-)/sale of treasury shares | -46.4 | 9.9 | |
| Other, net | -2.2 | -2.4 | |
| Net cash from/used in (-) financing activities | -701.9 | -517.8 | |
| Effects of exchange rates on cash and cash equivalents | -9.8 | -5.3 | |
| Net increase/decrease (-) in cash and cash equivalents | 60.5 | 125.9 | |
| Cash and cash equivalents at beginning of year | 408.1 | 282.2 | |
| Cash and cash equivalents at end of year | 468.6 | 408.1 | |
The accompanying Notes are an integral part of the consolidated financial statements.
For further cashflow figures see Note 27. |
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