Consolidated financial statements

Consolidated cash flow statement

in CHF thousands	Note	2023	2022
Net result		79 006	101 042
Depreciation on fixed assets	14,16	19 202	18 629
Change in provisions	20	11 331	13 434
Result from sale of fixed assets		‑ 18 871	‑ 1 263
Other non-cash items		‑ 330	‑ 2 388
Cash flow before change in non-financial net working capital		90 338	129 454
Change in trade receivables	11	18 722	‑ 26 720
Change in inventories	13	7 443	‑ 27 230
Change in other receivables, prepayments and accrued income		3 263	3 525
Change in trade payables	18	‑ 17 104	6 858
Change in other payables, accrued expenses and deferred income		7 200	11 741
Cash flow from operating activities		109 862	97 628
Capital expenditures for tangible fixed assets	14	‑ 33 772	‑ 32 878
Capital expenditures for intangible assets	16	‑ 874	‑ 1 027
Disposal of tangible fixed assets	14	19 063	4 285
Purchase of minorities	32	‑ 2 416	-
Cash flow from investing activities		‑ 17 999	‑ 29 620
Free cash flow		91 863	68 008
Change in current financial liabilities	17	656	‑ 3 200
Repayment of bond	17	‑ 98 730	‑ 1 270
Repayment of non-current financial liabilities	17	-	‑ 6 505
Purchase of treasury shares	23	‑ 588	‑ 213
Distribution to shareholders		‑ 27 000	‑ 7 800
Cash flow from financing activities		‑ 125 662	‑ 18 988
Currency translation on cash and cash equivalents		‑ 2 175	‑ 490
Net change in cash and cash equivalents		‑ 35 974	48 530
Cash and cash equivalents as at 1 January	10	143 614	95 084
Cash and cash equivalents as at 31 December	10	107 640	143 614