Consolidated Cash Flow Statement - Integrated Annual Report and Remuneration Report 2020

CHF millions		Note	2020	2019 1)

	Consolidated profit incl. minorities		81.2	73.1
+	Asset depreciation		77.1	77.7
+/–	Loss/gain from applying/removing impairments		–	–
+/–	Increase/decrease in provisions		– 0.7	1.9
+/–	Loss/gain from disposals of tangible assets		– 11.8	0.2
+/–	Other changes in non-cash items		– 4.6	0.4
=	Operating Cash Flow before Change of Net Working Capital		141.2	153.3

+/–	Decrease/increase in accounts receivables		6.8	7.9
+/–	Decrease/increase in inventories		– 11.0	– 11.5
+/–	Decrease/increase in other receivables and accruals		– 1.0	3.2
+/–	Increase/decrease in accounts payables		– 4.1	1.6
+/–	Increase/decrease in other liabilities and deferrals		5.0	2.2
=	Cash Inflow/Drain from Operating Activities		136.9	156.7

–	Outflows for investments in tangible assets	23	– 71.6	– 121.1
+	Inflows for sales of tangible assets		14.8	0.7
–	Outflows for investments in financial assets		–	–
+	Inflows for sales of financial assets		2.3	–
–	Cash-out for acqusitions of consolidated companies	30	– 42.8	– 5.9
–	Outflows for investments in intangible assets		– 2.1	– 2.6
+/–	Changes in marketable securities		0.4	0.3
=	Cash Inflow/Drain from Investment Activities		– 99.0	– 128.6

–	Dividend distribution to shareholders		– 25.8	– 19.8
–	Dividend distribution to minorities		–	–
+/–	Formation/repayment of short-tem financial debts		3.2	– 44.6
+/–	Formation/repayment of long-tem financial debts		– 10.1	4.8
=	Cash Inflow/Drain from Financing Activities		– 32.7	– 59.6

	Foreign Exchange differences		– 1.5	0.8

	Changes in Liquid Funds		3.7	– 30.7

	Liquid funds as per 1.1.		100.8	131.5
	Liquid funds as per 31.12.		104.5	100.8
	Changes in Liquid Funds		3.7	– 30.7

	Inflows from interest		0.1	0.4
	Outflows for interest		– 0.4	– 0.4
	Outflows for income taxes		– 7.2	– 17.5