Consolidated Statement of Cash Flows
|
in CHF 1'000 |
|
Note |
|
2023 |
|
2022 |
|
|
|
|
|
|
|
|
|
Net income |
|
|
|
136'845 |
|
122'698 |
|
Income taxes |
|
|
5'568 |
|
24'811 |
|
|
Interest result |
|
|
1'319 |
|
467 |
|
|
Depreciation of property, plant and equipment |
|
|
28'474 |
|
28'827 |
|
|
Amortization of intangible assets |
|
|
7'372 |
|
7'843 |
|
|
Gain on sale of property, plant and equipment |
|
|
-282 |
|
-288 |
|
|
Non-cash items non-current employee benefits |
|
|
-6'202 |
|
-2'426 |
|
|
Other non-cash items |
|
|
|
-860 |
|
-39 |
|
Expenses for share-based payments |
|
|
1'294 |
|
1'172 |
|
|
Deferred compensation share-based payments |
|
|
1'991 |
|
2'074 |
|
|
Change in net working capital |
|
|
2'591 |
|
-67'972 |
|
|
Change in other current assets and liabilities |
|
|
3'487 |
|
14'180 |
|
|
Change in provisions |
|
|
459 |
|
-2'674 |
|
|
Income taxes paid |
|
|
|
-25'089 |
|
-15'814 |
|
Cash flow from operating activities |
|
|
|
156'966 |
|
112'861 |
|
|
|
|
|
|
|
|
|
Investments in property, plant and equipment |
|
|
-38'343 |
|
-42'689 |
|
|
Investments in intangible assets |
|
|
-8'700 |
|
-12'008 |
|
|
Purchase of financial assets 1) |
|
|
-107 |
|
-27'812 |
|
|
Proceeds from sale of property, plant and equipment |
|
|
|
379 |
|
266 |
|
Proceeds from sale of financial assets 1) |
|
|
25'392 |
|
60'453 |
|
|
Interest received |
|
|
295 |
|
133 |
|
|
Cash flow from investing activities |
|
|
|
-21'084 |
|
-21'658 |
|
|
|
|
|
|
|
|
|
Purchase of treasury shares |
|
|
-3'582 |
|
-4'072 |
|
|
Dividends paid |
|
|
-104'539 |
|
-104'531 |
|
|
Interest paid |
|
|
-1'265 |
|
-527 |
|
|
Repayment of financial borrowings |
|
|
-59'707 |
|
- |
|
|
Repayment of lease liabilities |
|
|
-3'824 |
|
-3'840 |
|
|
Proceeds from cash contribution share-based payments |
|
|
538 |
|
661 |
|
|
Proceeds from financial borrowings |
|
|
63'669 |
|
- |
|
|
Equity contribution by non-controlling interests |
|
|
|
49 |
|
- |
|
Cash flow from financing activities |
|
|
|
-108'662 |
|
-112'309 |
|
|
|
|
|
|
|
|
|
Currency translation adjustment in respect of cash and cash equivalents |
|
|
|
-3'166 |
|
-1'521 |
|
|
|
|
|
|
|
|
|
Change in cash and cash equivalents |
|
|
|
24'054 |
|
-22'628 |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at beginning of period |
|
|
|
86'780 |
|
109'408 |
|
Cash and cash equivalents at end of period |
|
|
110'833 |
|
86'780 |
1) CHF 25.0 million in term deposits with maturities of more than three months from the date of acquisition were divested in the reporting period (2022: investment of CHF 25.0 million and divestment of CHF 60.0 million in term deposits).