Consolidated cash flow statement
For the years ended 31 December 2019 and 2018, CHF million |
|
Notes |
|
2019 |
|
2018 |
|
|
|
|
|
|
|
Net profit |
|
|
|
172 |
|
279 |
Income taxes |
|
1.5 |
|
31 |
|
69 |
Financial result |
|
3.2 |
|
25 |
|
35 |
Depreciation and amortization |
|
2.4 |
|
139 |
|
147 |
Share of results of associates |
|
3.2 |
|
13 |
|
|
Other non-cash income and expenses |
|
|
|
26 |
|
–11 |
Increase in provisions, net |
|
2.6.1 |
|
38 |
|
29 |
Use of provisions |
|
2.6.1 |
|
–25 |
|
–27 |
Changes in |
|
|
|
|
|
|
– Inventories |
|
|
|
–25 |
|
–46 |
– Trade accounts receivable |
|
|
|
70 |
|
–55 |
– Prepayments to creditors |
|
|
|
–2 |
|
6 |
– Other receivables and accrued income |
|
|
|
–1 |
|
–4 |
– Trade accounts payable |
|
|
|
–30 |
|
10 |
– Prepayments from customers |
|
|
|
–23 |
|
8 |
– Other liabilities and accrued liabilities and deferred income |
|
|
|
–13 |
|
36 |
Interest paid |
|
|
|
–18 |
|
–21 |
Income taxes paid |
|
|
|
–59 |
|
–58 |
Cash flow from operating activities |
|
|
|
318 |
|
397 |
|
|
|
|
|
|
|
Additions to |
|
|
|
|
|
|
– Property, plant, and equipment |
|
2.4 |
|
–178 |
|
–234 |
– Intangible assets |
|
|
|
–8 |
|
–10 |
– Other financial assets |
|
5.2 |
|
–26 |
|
–16 |
Disposals of |
|
|
|
|
|
|
– Property, plant, and equipment |
|
2.4 |
|
23 |
|
7 |
– Intangible assets |
|
|
|
1 |
|
|
– Other financial assets |
|
|
|
|
|
3 |
Purchase/disposal of marketable securities |
|
|
|
3 |
|
–3 |
Cash flow from acquisitions |
|
4.1.2 |
|
–5 |
|
–154 |
Interest received |
|
|
|
4 |
|
3 |
Cash flow from investing activities |
|
|
|
–186 |
|
–404 |
|
|
|
|
|
|
|
Free cash flow before acquisitions/divestments |
|
|
|
137 |
|
147 |
|
|
|
|
|
|
|
Free cash flow |
|
|
|
132 |
|
–7 |
|
|
|
|
|
|
|
Purchase of treasury shares |
|
|
|
–10 |
|
–12 |
Disposal of treasury shares |
|
|
|
|
|
3 |
Dividend payments to shareholders of Georg Fischer Ltd |
|
|
|
–103 |
|
–94 |
Dividend payments to non-controlling interests |
|
|
|
–11 |
|
–7 |
Inflows from or outflows for shares from non-controlling interests |
|
|
|
8 |
|
4 |
Issuance of bonds |
|
3.1.1 |
|
|
|
200 |
Repayment of bonds |
|
3.1.1 |
|
|
|
–150 |
Issuance of long-term financial liabilities |
|
3.1.1 |
|
|
|
2 |
Repayment of long-term financial liabilities |
|
3.1.1 |
|
–18 |
|
–15 |
Changes in short-term financial liabilities |
|
|
|
|
|
4 |
Cash flow from financing activities |
|
|
|
–134 |
|
–65 |
|
|
|
|
|
|
|
Translation adjustment on cash and cash equivalents |
|
|
|
–10 |
|
–19 |
Net cash flow |
|
|
|
–12 |
|
–91 |
|
|
|
|
|
|
|
Cash and cash equivalents at beginning of year |
|
|
|
533 |
|
624 |
Cash and cash equivalents at year-end 1 |
|
|
|
521 |
|
533 |
1 Cash, postal and bank accounts: CHF 514 million (previous year: CHF 504 million), fixed-term deposits: CHF 7 million (previous year: CHF 29 million).