Consolidated cash flow statement

(year ended 30 September)

In CHF ’000

Note

2019/20 2018/19

Net profit for the period

 

2,715 7,207

Depreciation and impairment of property, plant and equipment

3

5,645 4,376

Amortization and impairment of intangible assets

2

295 356

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

 

289 439

Change in provisions

6

744 – 1,077

Change in deferred tax

14

– 340 – 615

Change in trade receivables

 

2,9865,798

Change in inventories

 

3,890 2,809

Change in other receivables, prepaid expenses and deferred income

 

– 897 1,709

Change in trade payables

 

– 7,617 – 1,168

Change in other current payables and accrued expenses

 

2,455 – 6,566

Expense for share-based payments to staff

 

470 955

Exchange differences on intra-Group items

 

– 620 1,123
Other non-cash expenses – 257 – 528
Cash flow from operating activities

 

9,758 14,818

 

 

Purchase of property, plant and equipment

3

– 9,873 – 8,461

Disposal of property, plant and equipment

 

154 211

Purchase of intangible assets

2

– 476 – 315

Change in current financial assets

 

– 564 1,407

Change in loan receivables and non-current financial assets

 

– 63 23
Cash flow from investing activities

 

– 10,822 – 7,135

 

 

Purchase of treasury shares

18

– 401 – 829
Dividend distributions – 1,586 0

Repayment of excess share premium

 

– 1,586 – 4,129

(-Repayment) / Proceeds of borrowings

 

1,756 – 3,659

Amortization in connection with finance leases

 

– 209 – 211
Cash flow from financing activities

 

– 2,027 – 8,828

 

 

Effect of exchange rates on cash and cash equivalents

 

– 704 62
Change in cash and cash equivalents

 

– 3,794 – 1,083

 

 

Cash and cash equivalents at 1 October

 

18,013 19,096

Cash and cash equivalents at 30 September

 

14,219 18,013

 

 

Free cash flow1

 

– 437 6,253

 

 

Included in cash flow from operating activities:

 

Interest paid

 

– 799 – 871

Interest received

 

34 91

Income tax paid

 

– 1,691 – 3,422

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