Belimo 22HR

Consolidated Financial StatementConsolidated Steatement of Cash Flows

Consolidated Statement of Cash Flows

in CHF 1'000	Note	1 st half 2022	1 st half 2021

Net income		61’264	63’679
Income taxes		13’870	13’321
Interest result		267	353
Depreciation of property, plant and equipment		14’266	12’969
Amortization of intangible assets		4’674	3’257
Gain on sale of property, plant and equipment		-156	-103
Non-cash items non-current employee benefits		-936	1’254
Other non-cash items		174	342
Change in net working capital		-46’932	-33’442
Change in other current receivables and assets		3’204	-1’789
Change in other current payables and liabilities		6’864	16’685
Change in provisions	3	460	6’200
Income taxes paid		-10’496	-18’138
Cash flow from operating activities		46’522	64’588

Investments in property, plant and equipment		-21’539	-9’261
Investments in intangible assets		-3’644	-3’232
Purchase of financial assets		-190	-185
Sale of financial assets 1)		60’279	63
Sale of property, plant and equipment		207	140
Interest received		61	132
Acquisition of companies minus acquired cash and cash equivalents		-	-136
Cash flow from investing activities		35’174	-12’479

Purchase of treasury shares		-553	-104
Dividends paid	4	-104’531	-92’243
Interest paid		-313	-446
Repayment of lease liabilities		-1’972	-2’050
Cash flow from financing activities		-107’368	-94’843

Currency translation adjustment		190	1’757

Change in cash and cash equivalents		-25’482	-40’977

Cash and cash equivalents at beginning of period		109’408	164’942
Cash and cash equivalents at end of period		83’926	123’965

1) CHF 60.0 million in term deposits with maturities of more than three months from the date of acquisition were divested in the reporting period (first half 2021: CHF 0).