Notes to the Consolidated Financial Statements
1. Basic information
2. Changes in Group structure
3. Summary of significant accounting policies
4. Risk assessment and management
5. Management of capital
6. Trade accounts receivable
7. Other current assets and current financial assets
8. Inventories
9. Property, plant and equipment
10. Other non-current assets and non-current financial assets
11. Goodwill and intangible assets
12. Short-term debt
13. Other current liabilities and provisions
14. Long-term debt
15. Financial instruments
16. Retirement benefit plans
17. Participation plans
18. Deferred tax assets and liabilities
19. Other non-current liabilities and provisions
20. Contingencies
21. Capital stock and treasury shares
22. Earnings per share
23. Other operating expenses, net
24. Financial result, net
25. Income tax expenses
26. Research and development cost
27. Free Cashflow
Free cashflow is calculated as follows:
| 2020 | 2019 | |
| MCHF | MCHF | |
| Net cash from/used in (-) operating activities1 | 900.0 | 834.0 |
| Purchase of property, plant and equipment and intangible assets, net1 | -146.8 | -163.6 |
| Repayments of lease liabilities1 | -24.1 | -16.2 |
| Interest and other financing cost paid, net | -12.0 | -10.2 |
| Free cashflow | 717.1 | 644.0 |
1 See consolidated statements of cashflows |
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“Free cashflow” is no substitute for figures shown in the consolidated income statements and the consolidated statements of cashflows, but it may give an indication of the Group’s capability to generate cash, to pay back debt, to finance acquisitions, to buy back shares and to pay dividends.
