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 |
| 3,056 | 2,986 |
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 | 3 | – 756 | – 476 |
Cash flow from divestiture of Power Magnetics division | 1 | 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. | |||