Consolidated cash flow statement (unaudited)

In 1,000 CHF

Note

1st half year 2020

1st half year 2019

Company profit incl. non-controlling interests

 

(11,846)

34,305

+ Depreciation of non-current assets

 

11,902

25,316

+ Impairment of non-current assets

 

1,481

0

+/– Change in provisions

 

(9,938)

4,804

–/+ Change in deferred taxes

 

3

8,824

– Share of profit of associates

 

0

(99)

–/+ Gain/Loss on sale of non-current assets

 

(25)

24

+/– Other non-cash items

 

209

(10,453)

Changes in net working capital

 

 

 

– Increase in trade receivables

 

(128,537)

(308,298)

+/– Decrease/Increase in inventories

 

55

(1,955)

+/– Decrease/Increase in other current assets, prepayments and accrued income

 

6,271

(15,790)

+/– Increase/Decrease in trade payables

 

25,173

(14,686)

–/+ Decrease/Increase in other liabilities and accrued expenses

 

(19,303)

4,155

Cash flow from operating activities (operating cash flow)

 

(124,554)

(273,853)

– Investments in property and equipment

 

(60)

(127)

+ Proceeds from sale of property and equipment

 

25

0

+ Proceeds from sale of financial assets and loans

 

0

322

– Investments in intangible assets

 

0

(312)

+ Proceeds from sale of consolidated companies (less cash and cash equivalents sold)

 

0

1,631

+ Dividends received from associates

 

0

36

Cash flow from investing activities

 

(35)

1,550

– Dividend payments to the owners of the Company

3.2

(60,000)

(40,000)

+ Proceeds of interest-bearing liabilities

 

0

1,084,908

– Repayments of current interest-bearing liabilities

 

(144)

(760,638)

Cash flow from financing activities

 

(60,144)

284,270

+ Effect of currency translation

 

0

3

Net change in cash and cash equivalents

 

(184,733)

11,970

Cash and cash equivalents at the start of the reporting period

 

587,990

67,258

Cash and cash equivalents at the end of the reporting period

 

403,257

79,228