Consolidated cash flow statement

(year ended 30 September)

In CHF ’000

Note

2017/18 2016/17

Net profit for the period

 

9,392 8,747

Depreciation and impairment of property, plant and equipment

3

4,454 4,253

Amortization and impairment of intangible assets

2

323 643

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

 

1,646 63

Change in provisions

6

561 – 4,283

Change in deferred tax

13

2,778 206

Change in trade receivables

 

– 2,176– 4,555

Change in inventories

 

– 3,822 – 5,582

Change in other receivables, prepaid expenses and deferred income

 

– 482 – 916

Change in trade payables

 

– 5,051 7,019

Change in other current payables and accrued expenses

 

1,216 3,649

Expense for share-based payments to staff

 

605 564

Exchange differences on intra-Group items

 

1,820 – 943
Other non-cash expenses 347 691

Cash flow from operating activities

 

11,611 9,556

 

 

Purchase of property, plant and equipment

3

– 10,888 – 5,279

Disposal of property, plant and equipment

 

277 991

Purchase of intangible assets

2

– 482 – 275

Change in current financial assets

 

– 1,670 708

Change in loan receivables and non-current financial assets

 

31 35

Cash flow from investing activities

 

– 12,732 – 3,820

 

 

Purchase of treasury shares

17

– 1,053 – 1,059

Sale of treasury shares

17

0 47

Exercise of employee share options and purchase of restricted shares by staff

 17

– 273 – 875

Repayment of excess share premium

 

– 4,135 0

Proceeds from borrowings

 

9,560 0

Repayment of borrowings

  

0 – 971

Amortization in connection with finance lease

 

– 209 – 197

Cash flow from financing activities

 

3,890 – 3,055

 

 

Effect of exchange rates on cash and cash equivalents

 

– 147 23

Change in cash and cash equivalents

 

2,622

2,704

 

 

Cash and cash equivalents at 1 October

 

16,474 13,770

Cash and cash equivalents at 30 September

 

19,096 16,474

 

 

Free cash flow1

 

518 4,993

 

 

Included in cash flow from operating activities:

 

Interest paid

 

– 822 – 1,091

Interest received

 

57 45

Income tax paid

 

– 2,861 – 848

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