Consolidated financial statements
Consolidated cash flow statement
in CHF thousands | Note | 2022 | 2021 | ||
Net result | 101 042 | ‑ 151 410 | |||
Depreciation on fixed assets | 14, 16 | 18 629 | 28 385 | ||
Impairment of fixed assets | 14 | - | 150 000 | ||
Change in provisions | 20 | 13 434 | 356 | ||
Result from sale of fixed assets | ‑ 1 263 | ‑ 7 547 | |||
Other non-cash items | ‑ 2 388 | ‑ 3 125 | |||
Cash flow before change in non-financial net working capital | 129 454 | 16 659 | |||
Change in trade receivables | 11 | ‑ 26 720 | ‑ 15 521 | ||
Change in inventories | 13 | ‑ 27 230 | ‑ 9 578 | ||
Change in other receivables, prepayments and accrued income | 3 525 | ‑ 7 191 | |||
Change in trade payables | 18 | 6 858 | 30 742 | ||
Change in other payables, accrued expenses and deferred income | 11 741 | 727 | |||
Cash flow from operating activities | 97 628 | 15 838 | |||
Capital expenditures for tangible fixed assets | 14 | ‑ 32 878 | ‑ 22 965 | ||
Capital expenditures for intangible assets | 16 | ‑ 1 027 | ‑ 1 630 | ||
Capital expenditures for financial assets | 15 | - | ‑ 78 | ||
Disposal of tangible fixed assets | 14 | 4 285 | 5 212 | ||
Disposal of financial assets | 15 | - | 243 | ||
Cash flow from investing activities | ‑ 29 620 | ‑ 19 218 | |||
Free cash flow | 68 008 | ‑ 3 380 | |||
Change in current financial liabilities | 17 | ‑ 3 200 | ‑ 7 020 | ||
Repayment of bond | 17 | ‑ 1 270 | - | ||
Repayment of non-current financial liabilities | 17 | ‑ 6 505 | - | ||
Purchase of treasury shares | 23 | ‑ 213 | ‑ 394 | ||
Sale of treasury shares | 23 | - | 235 | ||
Distribution to shareholders | ‑ 7 800 | ‑ 10 798 | |||
Cash flow from financing activities | ‑ 18 988 | ‑ 17 977 | |||
Currency translation on cash and cash equivalents | ‑ 490 | 176 | |||
Net change in cash and cash equivalents | 48 530 | ‑ 21 181 | |||
Cash and cash equivalents as at 1 January | 10 | 95 084 | 116 265 | ||
Cash and cash equivalents as at 31 December | 10 | 143 614 | 95 084 |