Consolidated cash flow statement

(year ended 30 September)

In CHF ’000

Note

2020/21 2019/20

Net (-loss)/profit for the period

 

– 2,295 2,715

Depreciation and impairment of property, plant and equipment

4

5,502 5,645

Amortization and impairment of intangible assets

3

365 295

Result on divestiture of Power Magnetics division

1

13,008 0

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

 

41 289

Change in provisions

7

282 744

Change in deferred tax

15

1,975 – 340

Change in trade receivables

 

3,0562,986

Change in inventories

 

– 7,291 3,890

Change in other receivables, prepaid expenses and deferred income

 

– 2,646 – 897

Change in trade payables

 

7,725 – 7,617

Change in other current payables and accrued expenses

 

1,328 2,455

Expense for share-based payments to staff

 

261 470

Exchange differences on intra-Group items

 

– 497 – 620
Other non-cash expenses/(–income) 80 – 257
Cash flow from operating activities

 

20,894 9,758

 

 

Purchase of property, plant and equipment

4

– 5,073 – 9,873

Disposal of property, plant and equipment

 

215 154

Purchase of intangible assets

– 756 – 476

Cash flow from divestiture of Power Magnetics division

18,303 0

Change in current financial assets

 

698 – 564

Change in loan receivables and non-current financial assets

 

– 26 – 63
Cash flow from investing activities

 

13,362 – 10,822

 

 

Purchase of treasury shares

19

– 1,027 – 401
Dividend payment – 633 – 1,586

Repayment of excess share premium

 

– 633 – 1,586

(-Repayment) / Proceeds of borrowings

 

– 22,253 1,756

Amortization in connection with finance leases

 

– 223 – 209
Cash flow from financing activities

 

– 24,769 – 2,027

 

 

Effect of exchange rates on cash and cash equivalents

 

320 – 704
Change in cash and cash equivalents

 

9,807 – 3,794

 

 

Cash and cash equivalents at 1 October

 

14,219 18,013

Cash and cash equivalents at 30 September

 

24,026 14,219

 

 

Free cash flow1

 

15,280 – 437

 

 

Included in cash flow from operating activities:

 

Interest paid

 

– 607 – 799

Interest received

 

54 34

Income tax paid

 

– 1,216 – 1,691

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