Cash flow statement for the year ended
31 December 2017

CHF million

 

Notes

 

2017

 

2016

 

 

 

 

 

 

 

Net profit

 

 

 

258

 

225

Income taxes

 

(1.4)

 

64

 

56

Financial result

 

(3.2)

 

31

 

31

Depreciation and amortization

 

(2.4, 2.5)

 

139

 

132

Other non-cash income and expenses

 

 

 

–2

 

17

Increase in provisions, net

 

(2.6.1)

 

30

 

32

Use of provisions

 

(2.6.1)

 

–22

 

–31

Loss/profit from disposal of tangible fixed assets

 

 

 

 

1

Changes in

 

 

 

 

 

 

– Inventories

 

 

 

–71

 

–39

– Trade accounts receivable

 

 

 

–56

 

–33

– Prepayments to creditors

 

 

 

–10

 

–5

– Other receivables and accrued income

 

 

 

2

 

–3

– Trade accounts payable

 

 

 

94

 

53

– Prepayments from customers

 

 

 

13

 

–6

– Other liabilities and accrued liabilities and deferred income

 

 

 

22

 

42

Interest paid

 

 

 

–25

 

–31

Income taxes paid

 

 

 

–57

 

–41

Cash flow from operating activities

 

 

 

410

 

400

 

 

 

 

 

 

 

Additions to

 

 

 

 

 

 

– Property, plant, and equipment

 

(2.4)

 

–207

 

–174

– Intangible assets

 

(2.5)

 

–4

 

–5

– Other financial assets

 

 

 

–5

 

Disposals of

 

 

 

 

 

 

– Property, plant, and equipment

 

(2.4)

 

4

 

4

– Intangible assets

 

(2.5)

 

 

1

– Other financial assets

 

 

 

2

 

3

Purchase/disposal of marketable securities

 

 

 

2

 

Cash flow from acquisitions

 

(4.1.2)

 

–74

 

–96

Interest received

 

 

 

2

 

2

Cash flow from investing activities

 

 

 

–280

 

–265

 

 

 

 

 

 

 

Free cash flow

 

 

 

130

 

135

 

 

 

 

 

 

 

Purchase of treasury shares

 

 

 

–18

 

–17

Disposal of treasury shares

 

 

 

15

 

6

Dividend payments to shareholders of Georg Fischer Ltd

 

 

 

–82

 

–74

Dividend payments to non-controlling interests

 

 

 

–7

 

–15

Inflows from or outflows for shares from non-controlling interests

 

 

 

7

 

1

Issuance of bonds

 

(3.1.1)

 

 

224

Repayment of bonds

 

(3.1.1)

 

 

–200

Issuance of long-term financial liabilities

 

(3.1.1)

 

21

 

Repayment of long-term financial liabilities

 

(3.1.1)

 

–15

 

–17

Changes in short-term financial liabilities

 

 

 

–1

 

–15

Cash flow from financing activities

 

 

 

–80

 

–107

 

 

 

 

 

 

 

Translation adjustment on cash and cash equivalents

 

 

 

3

 

–6

Net cash flow

 

 

 

53

 

22

 

 

 

 

 

 

 

Cash and cash equivalents at beginning of year

 

 

 

571

 

549

Cash and cash equivalents at year-end 1

 

 

 

624

 

571

1 Cash, postal and bank accounts: CHF 592 million (previous year: CHF 511 million), fixed-term deposits: CHF 32 million (previous year: CHF 60 million).