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).
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