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.