Consolidated cash flow statement

CHF millions	Note	2022	2021

Consolidated profit		40.7	63.8
Depreciation and amortisation		73.1	84.1
Impairments		25.7	0.3
Change in provisions		3.0	2.3
Gain from disposals fixed assets		0.5	– 0.2
Other non-cash items		– 0.8	3.8
Operating Cash Flow before Change of Net Working Capital		142.2	154.1

Change in accounts receivables		– 46.4	– 24.9
Change in inventories		– 27.4	4.4
Change in other receivables, prepaid expenses and accrued income		– 19.8	– 3.9
Change in accounts payables		80.0	50.3
Change in other liabilities, accrued expenses and deferred income		1.9	2.7
Cash Flow from Operating Activities		130.5	182.7

Investments in tangible assets	24	– 194.1	– 118.2
Disposals of tangible assets		2.9	0.6
Investments in group companies	30	–	– 9.6
Investments in intangible assets		– 0.5	– 1.0
Cash Flow from Investment Activities		– 191.7	– 128.2

Dividend to shareholders		– 25.8	– 25.8
Change in short-tem financial debts		– 2.7	0.2
Change in long-tem financial debts		147.8	– 6.9
Cash Flow from Financing Activities		119.3	– 32.5

Foreign Exchange differences		– 4.0	– 0.3

Change in Liquid Funds		54.1	21.7

Liquid funds as per 1.1.		126.2	104.5
Liquid funds as per 31.12.		180.3	126.2
Change in Liquid Funds		54.1	21.7

Inflow from interest		0.4	0.1
Outflow for interest		– 1.0	– 1.9
Outflow for income taxes		– 12.2	– 11.7

Consolidated
Cash Flow Statement