Consolidated Cash Flow Statement - Integrated Annual Report and Remuneration Report 2021

CHF millions		Note	2021	2020

	Consolidated profit incl. minorities		63.8	81.2
+	Asset depreciation		84.1	77.1
+/–	Loss/gain from applying/removing impairments		0.3	–
+/–	Increase/decrease in provisions		2.3	– 0.7
+/–	Loss/gain from disposals of tangible assets		– 0.2	– 11.8
+/–	Other changes in non-cash items		3.8	– 4.6
=	Operating Cash Flow before Change of Net Working Capital		154.1	141.2

+/–	Decrease/increase in accounts receivables		– 24.9	6.8
+/–	Decrease/increase in inventories		4.4	– 11.0
+/–	Decrease/increase in other receivables and accruals		– 3.9	– 1.0
+/–	Increase/decrease in accounts payables		50.3	– 4.1
+/–	Increase/decrease in other liabilities and deferrals		2.7	5.0
=	Cash Inflow/Drain from Operating Activities		182.7	136.9

–	Outflows for investments in tangible assets	22	– 118.2	– 71.6
+	Inflows for sales of tangible assets		0.6	14.8
–	Outflows for investments in financial assets		–	–
+	Inflows for sales of financial assets		–	2.3
–	Cash-out for acqusitions of consolidated companies	28	– 9.6	– 42.8
–	Outflows for investments in intangible assets		– 1.0	– 2.1
+/–	Changes in marketable securities		–	0.4
=	Cash Inflow/Drain from Investment Activities		– 128.2	– 99.0

–	Dividend distribution to shareholders		– 25.8	– 25.8
–	Dividend distribution to minorities		–	–
+/–	Formation/repayment of short-tem financial debts		0.2	3.2
+/–	Formation/repayment of long-tem financial debts		– 6.9	– 10.1
=	Cash Inflow/Drain from Financing Activities		– 32.5	– 32.7

	Foreign Exchange differences		– 0.3	– 1.5

	Changes in Liquid Funds		21.7	3.7

	Liquid funds as per 1.1.		104.5	100.8
	Liquid funds as per 31.12.		126.2	104.5
	Changes in Liquid Funds		21.7	3.7

	Inflows from interest		0.1	0.1
	Outflows for interest		– 1.9	– 0.4
	Outflows for income taxes		– 11.7	– 7.2