Consolidated Statement of Cash Flows

in CHF 1'000	Note	1 st half 2024	1 st half 2023

Net income		77'179	64'975
Income taxes		15'693	14'070
Interest result		317	1'300
Depreciation of property, plant and equipment		14'521	13'758
Amortization of intangible assets		3'086	3'740
Gain on sale of property, plant and equipment		-225	-99
Non-cash items non-current employee benefits		-2'365	-3'214
Other non-cash items		816	270
Change in net working capital		-20'124	-14'504
Change in other current assets and liabilities		9'756	4'561
Change in provisions	5	939	1'655
Income taxes paid		-14'013	-13'765
Cash flow from operating activities		85'581	72'748

Investments in property, plant and equipment		-14'422	-14'626
Investments in intangible assets		-1'995	-4'067
Purchase of financial assets		-146	-39
Proceeds from sale of property, plant and equipment		279	131
Proceeds from sale of financial assets 1)		78	25'364
Interest received		410	109
Cash flow from investing activities		-15'796	6'871

Acquisition of non-controlling interests		-387	-
Dividends paid	6	-104'541	-104'539
Interest paid		-440	-970
Repayment of financial borrowings	4	-30'142	-50'798
Repayment of lease liabilities		-1'993	-1'881
Proceeds from financial borrowings	4	31'518	60'228
Cash flow from financing activities		-105'984	-97'961

Currency translation adjustment in respect of cash and cash equivalents		1'769	-681

Change in cash and cash equivalents		-34'431	-19'023

Cash and cash equivalents at beginning of period		110'833	86'780
Cash and cash equivalents at end of period		76'403	67'757

1) CHF 25.0 million in term deposits with maturities of more than three months from the date of acquisition were divested in the first half of 2023.