Consolidated cash flow statement
(year ended 30 September)
In CHF ’000 | Note | 2018/19 | 2017/18 |
---|---|---|---|
Net profit for the period |
| 7,207 | 9,392 |
Depreciation and impairment of property, plant and equipment | 3 | 4,376 | 4,454 |
Amortization and impairment of intangible assets | 2 | 356 | 323 |
Loss on disposal of property, plant and equipment and intangible assets |
| 439 | 1,646 |
Change in provisions | 6 | – 1,077 | 561 |
Change in deferred tax | 13 | – 615 | 2,778 |
Change in trade receivables |
| 5 798 | – 2,176 |
Change in inventories |
| 2 809 | – 3,822 |
Change in other receivables, prepaid expenses and deferred income |
| 1 709 | – 482 |
Change in trade payables |
| – 1,168 | – 5,051 |
Change in other current payables and accrued expenses |
| – 6,566 | 1,216 |
Expense for share-based payments to staff |
| 955 | 605 |
Exchange differences on intra-Group items |
| 1,123 | 1,820 |
Other non-cash expenses | – 528 | 347 | |
Cash flow from operating activities |
| 14,818 | 11,611 |
|
| ||
Purchase of property, plant and equipment | 3 | – 8,461 | – 10,888 |
Disposal of property, plant and equipment |
| 211 | 277 |
Purchase of intangible assets | 2 | – 315 | – 482 |
Change in current financial assets |
| 1,407 | – 1,670 |
Change in loan receivables and non-current financial assets |
| 23 | 31 |
Cash flow from investing activities |
| – 7,135 | – 12,732 |
|
| ||
Purchase of treasury shares | 17 | – 829 | – 1,053 |
Exercise of employee share options | 17 | 0 | – 273 |
Repayment of excess share premium |
| – 4,129 | – 4,135 |
(-Repayment)/proceeds of borrowings |
| – 3,659 | 9,560 |
Amortization in connection with finance lease |
| – 211 | – 209 |
Cash flow from financing activities |
| – 8,828 | 3,890 |
|
| ||
Effect of exchange rates on cash and cash equivalents |
| 62 | – 147 |
Change in cash and cash equivalents |
| – 1,083 | 2,622 |
|
| ||
Cash and cash equivalents at 1 October |
| 19,096 | 16,474 |
Cash and cash equivalents at 30 September |
| 18,013 | 19,096 |
|
| ||
Free cash flow1 |
| 6,253 | 518 |
|
| ||
Included in cash flow from operating activities: |
| ||
Interest paid |
| – 871 | – 822 |
Interest received |
| 91 | 57 |
Income tax paid |
| – 3,422 | – 2,861 |
1 Cash flow from operating activities less net investment in property, plant and equipment and in intangible assets. |