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.