Consolidated cash flow statement - Integrated annual report 2024

CHF millions	Note	2024	2023

Consolidated profit		13.7	63.3
Depreciation and amortisation		79.3	74.9
Impairments 1		7.3	– 1.1
Change in provisions		0.8	– 6.3
Result from disposals of fixed assets		– 0.4	– 0.2
Other non-cash items		2.9	– 0.5
Operating cash flow before change of net working capital		103.6	130.1

Change in accounts receivable		12.6	32.1
Change in inventories		14.0	– 53.0
Change in other receivables, prepaid expenses and accrued income		12.8	– 4.8
Change in accounts payable		– 14.1	– 38.0
Change in other short-term liabilities, accrued expenses and deferred income		6.9	6.0
Cash flow from operating activities		135.8	72.4

Investments in tangible assets	24	– 85.5	– 235.6
Disposals of tangible assets		0.9	1.5
Investments in financial assets		–	– 0.1
Investments in intangible assets		– 4.8	– 2.3
Cash flow from investment activities		– 89.4	– 236.5

Dividend to shareholders		– 19.8	– 19.8
Change in short-term financial debts		6.2	– 4.0
Change in long-term financial debts		– 47.6	94.1
Cash Flow from financing activities		– 61.2	70.3

Foreign exchange differences		0.8	– 4.3

Change in liquid funds		– 14.0	– 98.1

Liquid funds as per 1.1.		82.2	180.3
Liquid funds as per 31.12.		68.2	82.2
Change in liquid funds		– 14.0	– 98.1

1 of which CHF 9.1 million related to the production plant in St-Prex (CH), which were reported as costs related to plant closure and CHF -1.8 million related to the production plant in Gostomel (UA), whereof CHF -1.2 million were reported in the extraordinary result (2023: CHF -1.1 million)