Consolidated cash flow statement

In CHF ’000

Note

2015/16 2014/15

Net profit for the period

 

387 7,700

Depreciation and impairment of property, plant and equipment

3

5,020 4,844

Amortization and impairment of intangible assets

2

878 967

Loss on disposal of property, plant and equipment and intangible assets

 

143 81

Change in provisions

7

4,725 – 1,980

Change in deferred tax

13

– 2,584 458

Change in trade receivables

 

– 2,187 2,181

Change in inventories

 

1,012 – 2,506

Change in other receivables, prepaid expenses and deferred income

 

– 190 282

Change in trade payables

 

– 2,477 – 1,743

Change in other current payables and accrued expenses

 

1,064 – 1,805

Expense for share-based payments to staff

 

688 788

Exchange differences on intra-Group items

 

897 – 522
Other non-cash expenses 44 226

Cash flow from operating activities

 

7,421 8,971

 

 

Purchase of property, plant and equipment

3

– 4,582 – 4,749

Disposal of property, plant and equipment

 

0 335

Purchase of intangible assets

2

– 445 – 761

Change in current financial assets

 

1,765 – 551

Change in loan receivables and non-current financial assets

 

–7 –6

Cash flow from investing activities

 

– 3,269 – 5,732

 

 

Purchase of treasury shares

17

– 687 – 868

Sale of treasury shares

17

29 71

Exercise of employee share options and purchase of restricted shares by staff

17

– 74 535

Repayment of excess share premium

 

– 4,133 – 4,127

Proceeds from borrowings

 

1,124 2,854

Repayment of borrowings

 

– 9,007 0

Amortization in connection with finance leases

 

– 182 – 172

Cash flow from financing activities

 

– 12,931 – 1,707

 

 

Effect of exchange rates on cash and cash equivalents

 

– 129 – 410

Change in cash and cash equivalents

 

– 8,908

1,122

 

 

Cash and cash equivalents at 1 October

 

22,679 21,557

Cash and cash equivalents at 30 September

 

13,770 22,679

 

 

Free cash flow1

 

2,394 3,796

 

 

Included in cash flow from operating activities

 

Interest paid

 

– 739 – 872

Interest received

 

46 148

Income tax paid

 

– 1,807 – 1,402
Since the beginning of fiscal year 2015/16 the consolidated financial statements are prepared in accordance with Swiss GAAP FER. For comparability the prior-year results have been restated to match the presentation of the period under review.

1 Cash flow from operating activities less net investment in property, plant and equipment and in intangible assets.