Consolidated financial statements
Consolidated cash flow statement
in CHF thousand | Note | 2021 | 2020 | ||
Net result for the year (including minorities) | – 151 410 | 46 963 | |||
Depreciation on tangible and intangible assets | 16/17 | 28 385 | 30 488 | ||
Asset value impairments | 5/17 | 150 000 | 0 | ||
Loss/(Profit) on fixed-asset sales | – 7 547 | – 5 042 | |||
Change in employer contribution reserves, pension scheme assets/liabilities | 19 | – 1 230 | 168 | ||
Book gains on securities and other non-cash currency effects | – 17 | 5 | |||
Share-based compensation | 3/34 | 180 | 180 | ||
Change in provisions | 26/28 | 356 | – 16 057 | ||
Release of/(Increase in) deferred taxes | 21 | – 652 | – 11 967 | ||
Further non-cash income/expense | – 1 406 | 1 103 | |||
Cash flow | 16 659 | 45 841 | |||
Decrease/(Increase) in securities | 5 | 0 | |||
Decrease/(Increase) in trade accounts receivable | 12 | – 15 521 | 20 486 | ||
Decrease/(Increase) in other receivables and prepaid expenses | 13/14 | – 7 196 | – 143 | ||
Decrease/(Increase) in inventories | 15 | – 9 578 | – 4 059 | ||
Increase/(Decrease) in trade accounts payable | 22 | 30 742 | – 9 002 | ||
Increase/(Decrease) in other and accrued liabilities | 23/24 | 727 | 1 835 | ||
Decrease/(Increase) in net current assets | – 821 | 9 117 | |||
Cash flow from operating activities | 15 838 | 54 958 | |||
Investments in tangible fixed assets | 17 | – 22 965 | – 17 507 | ||
Disposals of tangible fixed assets | 17 | 5 212 | 5 234 | ||
Investments in intangible assets | 16 | – 1 630 | – 1 268 | ||
Investments in business activities/minorities | 29 | 0 | – 1 600 | ||
Investments in financial and other long-term receivables | 20 | – 78 | – 258 | ||
Disposals of financial and other long-term receivables | 20 | 243 | 124 | ||
Cash flow from investment activities | – 19 218 | – 15 275 | |||
Free cash flow | – 3 380 | 39 683 | |||
Increase in short-term financial liabilities | 25 | 0 | 1 370 | ||
Decrease in short-term financial liabilities | 25 | – 6 914 | – 5 759 | ||
Increase/(Decrease) in long-term financial liabilities | 27 | 0 | 0 | ||
Increase/(Decrease) in other long-term liabilities | – 106 | – 231 | |||
Treasury share purchases | 34 | – 394 | – 1 543 | ||
Treasury share sales | 34 | 235 | 1 355 | ||
Nominal value reduction | 0 | – 10 798 | |||
Dividends to shareholders | – 10 798 | – 16 | |||
Cash flow from financing activities | – 17 977 | – 15 622 | |||
Currency translation effects | 176 | – 892 | |||
Net change in cash and cash equivalents | – 21 181 | 23 169 | |||
Cash and cash equivalents at 1 January | 116 265 | 93 096 | |||
Change | – 21 181 | 23 169 | |||
Cash and cash equivalents at 31 December | 95 084 | 116 265 |